FTX ex-CEO claims didn't knowingly comingle funds

Thursday, 01. December 2022 00:25

"I didn't knowingly comingle funds" of FTX clients and of Alameda Research, Sam Bankman-Fried, the founder of the two companies that have both recently filed for bankruptcy, claimed in a remote interview at the DealBook Summit in New York City.

While the alleged misuse of funds from his companies could reportedly be a target of investigations across multiple jurisdictions, Bankman-Fried asserted that he "wasn't running Alameda" and that he "was nervous because of the conflict of interest about being too involved" in both firms. "I didn't ever try to commit fraud on anyone," he stressed.

He noted he is not worried about criminal liability and is not "focusing on" the legal aspect of the issue. Bankman-Fried also clarified he made political donations from his trading profits to both major United States parties.

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Baha Breaking News (BBN) / MS