Sam Bankman-Fried Disclosed His Relationship With Alameda Research

The post Sam Bankman-Fried Disclosed His Relationship With Alameda Research appeared first on Coinpedia Fintech News

Former Chief Executive  Sam Bankman-Fried entered the media limelight as the collapse of FTX continues to cast a shadow over the cryptocurrency market. At the newspaper’s annual DealBook Summit, Andrew Ross Sorkin of The New York Times peppered him with a barrage of questions. SBF also gave an interview with Axios and revealed his current net worth. 

Bankman-Fried virtually participated in the meeting from the Bahamas and asserted that he did not try to fraud anyone and called it a ‘bad month’.

“I didn’t ever try to commit fraud on anyone. I was shocked. I’ve had a bad month. This has not been any fun for me. But that’s not what matters here. What matters here is the millions of customers, what matters here is the stakeholders in FTX. And what matters is trying to help them out,” Bankman-Fried told Sorkin. 

SBF added that he wanted to help in getting the investors’ money back and disclosed that he only has $100,000 in his bank account.

“I think I might have one working credit card left.” In a Tuesday interview with Axios, he said he had no idea where his current net worth stood: “Am I allowed to say a negative number?” he joked, later offering he “had $100,000 in my bank account last I checked,” he added. SBF was once worth $26 billion. 

I wasn’t running Alameda: SBF

Talking about his relationship with Alameda, SBF said that he was not running the firm. He said :

“I wasn’t running Alameda, I didn’t know exactly what was going on. I didn’t know the size of their position. A lot of these are things that I’ve learned over the last month that I learned as I was sort of frantically digging into this on November 6, November 7, and November 8. And obviously, that’s a pretty big mistake.”

In the lengthy interview, SBF also revealed that he has no plans for his future as of now.  

“I don’t know what my far future is. When you fast forward I have no idea what I’m going to be doing a long time from now”, he added.