Sam Bankman-Fried's 'I'm an Idiot, Not a Crook' tour took a stop at The Wall Street Journal over the weekend cryptonews
Sam Bankman-Fried's "I'm an Idiot, Not a Crook" tour took a stop at The Wall Street Journal over the weekend — with the former CEO of now-bankrupt FTX claiming he paid no attention to what his trading firm was doing while betting billions of his and his customers' money.
Talking of the exchange that grew into the second-largest in the world in just three years, Bankman-Fried said funds were sent that way because FTX didn't have its own bank accounts at first. He said:Bankman-Fried added that he didn't realize Alameda's traders were making such dangerously large bets because poorly designed and flawed systems didn't account for the wired funds — so they weren't on the screen he saw.
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