TechFlow News — In a speech at the DealBook Summit, FTX founder SBF expressed surprise over the size of Alameda Research's positions, stating he did not intentionally attempt to commingle funds and noted a significant discrepancy between Alameda Research's actual positions and platform back-end data. He mentioned that Alameda Research’s leverage ratio was around 10% a year ago but began expanding thereafter.
SBF also addressed other issues, acknowledging "management failures" at FTX, but emphasized that donations primarily came from profits rather than customer funds. He denied any "wild party culture" at FTX, saying colleagues only played board games together. When asked if he had ever lied, SBF admitted to having told lies several times while serving as FTX's spokesperson.
"No one was responsible for FTX's exposure / financial position risk. Right now, too many things are beyond my control. I've invested all my money into FTX." Regarding lessons learned from this incident, SBF said, "I can't promise anything to anyone." He also revealed he is currently in the Bahamas and considering going to the United States.Original link
