Alameda and FTX executives “sometimes find” $50 million worth of assets “lying around that we lost track of,” Bankman-Fried allegedly wrote.
Sam Bankman-Fried and other executives at the now-bankrupt cryptocurrency exchange FTX and defunct sister hedge fund Alameda Research casually joked about misplacing millions of dollars’ worth of digital assets, management overseeing FTX’s bankruptcy proceedings alleged in a SundaySam Bankman-Fried leaves a Manhattan federal courthouse on March 30.
FTX let thousands of uncashed deposit checks sit around offices like “junk mail,” approved millions of dollars in expense reports via Emoji on Slack and did not have a comprehensive list of who worked at the exchange when it went under in November, according to the report. A 2022 internal document suggested Alameda should fudge its numbers for its crypto assets, allegedly saying they should “come up with some numbers? idk.”“Such is life,” Bankman-Fried purportedly said about losing track of tens of millions of dollars in Alameda assets. Alameda was “hilariously beyond any threshold of any auditor being able to even get partially through an audit,” the 31-year-old head honcho added, according to Ray.
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Bankman-Fried reportedly joked about losing track of assets worth millionsInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
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