Since SBF rejects the regulatory authorities, FTX SBF rejects
Since SBF rejects the regulatory authorities, FTX SBF rejects
Immediately after unusual new comments by FTX founder Sam Bankman-Fried became known, the new CEO from FTX took a moment to distance the company from the former stock exchange manager.
In an interview with VOX, Bankman-Fried criticized the supervisory authorities and expressed his regret about the bankruptcy registration, while he was playing down the practice of lending customer assets to the sister company Alameda Research.
"Lord Bankman-Fried has no ongoing role in ftx us or alameda research Ltd. and does not speak in their name", tweeted ftx-CEO John on Wednesday.
rays tweet then vox published a number of Twitter-direkt messages by Bankman-Fried.
Among the news was: "F - regulators. They make everything worse. They do not protect consumers at all."
He also said Vox that he regretted bankruptcy and noticed that this was "maybe my greatest individual error".
"If I hadn't done that, I would start withdrawing with full customers in a month," he said. "But instead I submitted and those responsible try to burn everything down out of shame. I might get there, but after many more collateral damage. And only 50/50."
The Bankman-Fried's own lawyers could not be achieved for a statement, wrote Vox.
ray, who also acts as Chief Restructuring Officer from FTX, supervised the liquidation of the bankrupt energy company Enron years ago. He became CEO on November 11th, the stock exchange registered bankruptcy in accordance with Chapter 11 and Bankman-Fried resigned from his post as CEO.
The lawyers of Landis Rath & Cobb and Sullivan & Cromwell, which represent FTX and connected companies, said in an insolvency movement on Monday that up to one million creditors could be mentioned in the cases of chapter 11.
Bankman-Fried continued to tweet after his resignation. In his latest thread, he mentioned that FTX became "cocky and careless" when it became a "darling of Silicon Valley".
He experienced the crash of last week again after Binance CEO Changpeng Zhao said that his stock exchange would soon throw hundreds of millions of dollars in FTX's virgin token FTT, in response to rumors about the bankruptcy of Alameda Research. Binance then said to take over FTX before "news reports about abused customer funds and alleged investigations by the US authority".
23) About 25 % of customer assets were withdrawn every day - 4 billion USD
As it turned out, I was wrong: the leverage was not about $ 5 billion, but about $ 13 billion.
13 billion dollars leverage, total run on the bench, total collapse of the financial value, everything at once.
why you don't want this leverage.
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- Sbf (@Sbf_ftx) 16. November 2022
Reuters on Sunday that at least $ 1 billion was missing in FTX customer funds after Bankman-Fried transferred $ 10 billion in user money to Alameda Research. Partners of the Kleinberg Kaplan's law firm recently announced that the first bankruptcy applications submitted by FTX to "naked bones" could be a sign of poverty, result for investors with frozen accounts and other risks on the stock exchange.
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The contribution as Sbf Disses Regulator, FTX Disowns SBF is not a financial advice.
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