A few days after FTX’s bankruptcy, Sam Bankman-Fried gave an interview to the New York Times. During the interview, the former boss refused to discuss the details of the disaster, including the financial interconnection between the exchange and sister company Alameda Research. However, Sam Bankman-Fried admitted that he used his clients’ cryptocurrencies to inject them into Alameda.
According to the Wall Street Journal, the 30-year-old primarily financed business activities in Alameda in this way. Half of the funds entrusted by FTX users are said to have been siphoned off by the company, which is notorious for its combative tactics. The trading company owes FTX up to $10 billion.
Sam Bankman-Fried also blamed the destruction on his fast-growing companies. In three years, FTX has actually become the number 2 trading platform in the world, behind Binance. While ” quite focused about his activities, he felt that he could ” understand what happened” and better situation management.
In the interview, he also talked about the working conditions that led to the downfall of the group. Apparently, Sam Bankman-Fried works with a group of close associates. Some of his relatives live with him in his luxury penthouse in the Bahamas.
Among them is Caroline Ellison, the head of Alameda Research. The young woman developed a romantic relationship with Sam Bankman-Fried in the past. The former leader of FTX confirmed and assured that this relationship has ended. In an interview that aired two years ago, Caroline Ellison, who had limited trading experience, said she found herself taking “Too many decisions”many of them are “not sure at all”took control of Alameda at the request of the SBF.
It is also known that FTX and Alameda employees share the same premises, the New York Times reports. This is why the two companies find themselves dependent on each other. Finally, the fallen prince of crypto confirmed to be the author of the tweets published on his Twitter account in recent days. The one-letter tweets, which form the word What, really show.
“It can be more than just a word. I made it up as I went along. I improvised. I think it’s time”explained Sam Bankman-Fried.
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