In his first major public appearance following the implosion of FTX and sister trading house Alameda Research on 11 November, Bankman-Fried said he “screwed up” at the helm of the exchange and should have focused more on risk management, customer protection and links between FTX and Alameda.DealBook Summit. “There are things I would give anything to be able to do over again. I didn’t ever try to commit fraud on anyone.
columnist Andrew Ross Sorkin, who said Bankman-Fried was joining from the Bahamas, the fallen crypto mogul didn’t give a straight answer about whether he had at times lied. He said he wasn’t running Alameda and added that he was “nervous about a conflict of interest”. No person was in charge of position risk at FTX, he said, describing the lack of oversight as a mistake.The comments shed little light on the question of where client funds ended up as Bankman-Fried stuck to a hard-to-parse account of how Alameda ran up a massive margin position on the exchange.
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