TRANSCRIPT: The New York Times' andrewrsorkin interviewed SBF_FTX tonight during the DealBookSummit. Here is a transcript of that conversation.
on Wednesday, Nov. 30, as part of the Times’ DealBook Summit. Here is a rough transcript of that conversation.We have to have this conversation. As I said at the outset of today, there are a lot of questions that need to be asked and also need to be answered.
One of the letters I got I want to read to you, Sam, because it's from a gentleman who said that he lost his life savings. And the subject line is Sam Bankman-Fried stole $2 million from me. It says Andrew, can you please ask SBF why he decided to steal my life savings and the $10 billion from his customers to give to his hedge fund Alameda. Can you ask him why his hedge fund was leveraging long? All of these s- coins? I'm gonna keep it polite for the kids.
I know the people at Alameda decently well, almost as if you don't know what's happening there. And there isn't like a large amount you know of ways that remain that we're actively working together. Anything like that, Alameda is a wholly separate entity. They're different offices, like different principal offices, we don't have any shared personnel. We're also not the same company. We not all are under the same corporate umbrella or anything like that.
I mean, I don't remember exactly when I reached out to them, but, you know, I think I called them up and said, “Hey, guys, I think there might be a problem like things…. Alameda’s position might be imploding here and there might be liquidity issues. And I'll tell you more when I know more.” That is – that's my guess about roughly, roughly what I said but honestly that that week so much happened. It's a little bit of a blur to me exactly what was said.
, which apparently increases levels of dopamine to the brain [to treat] Parkinson's. Were you taking that patch?So, it's funny. I had my first sip of alcohol after my 21st birthday, and I have maybe half a glass of alcohol a year, roughly speaking. There were no wild parties here. When we had parties, we played board games and, you know, 20% of people would have three-quarters of a beer each or something like that. And you know, the rest of us would not drink anything.
There are a lot of assets that are on hand here, although many of them are not liquid. They were worth quite a bit more than the new liabilities a month ago, even, a lot of them a year ago. You know, there's at least a month ago there were, or I guess, three weeks ago, billions of dollars of potential funding opportunities. You know, I don't know that it would have been great for my state as a shareholder of FTX. But that's not what matters here.
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