Democrats have granted FTX founder and crypto scammer Sam Bankman-Fried amnesty following a recent interview where he claimed ignorance over the missing millions.
Bankman-Fried started the interview by apologising for what happened.
Zerohedge.com reports: He claims he was shocked by what happened this month.
Which makes us wonder – if he didn’t have the data, who did?
Which we note is not a denial, and as NYT notes, on the commingling of funds, there appears to be ample evidence suggests that Alameda and FTX shared an account at their U.S. banking partner Silvergate. Not sure how that could square with SBF’s claim that that didn’t occur, or wasn’t aware it was occurring.
Over and over again, SBF calls it an “accounting mistake” claiming that there was a difference between FTX’s audited financials vs FTX’s internal dashboards showing Alameda’s positions.
SBF tries to distance himself from the trading firm, claiming he did not have the bandwidth to run two companies (FTX and Alameda).
Clearly SBF is attempting to throw Caroline Ellison, the former CEO of Alameda under the bus as responsible for the downfall.
Asked when he knew there was a problem, he responded “Nov 6th”, which just happens to be the day that Changpeng Zhao, also known as CZ, publicly tweeted he’d be liquidating Binance’s holdings of FTT.
When they looked at the data, they realized “there was a potential, serious problem there,” he says. Alameda’s position was huge on FTX, and it had just taken a huge hit.