SBF Was Aware Of Alameda’s Financial Situation

SBF only stated that he was not involved in Alameda Research’s daily operations when questioned about mixing his finances with the latter. As he said,

Alameda’s finances I needed to be made aware of. I was only surface-level aware of Alameda’s finances.

Sam Bankman-assertion Fried’s was false, according to a recent Forbes story. Additionally, SBF provided Forbes with several documents between January 2021 and August 2022 to support his claim of wealth.

To compile its yearly list of the world’s billionaires, Forbes also requested Information about his holdings. The former CEO of FTX also provided paperwork outlining Alameda Research’s different transactions and holdings. Remember that this is the same business that SBF insisted he did not own.

According to the most current email received in August 2022, Alameda controlled 53 million Solana [SOL] tokens and 176 million FTX tokens [FTT]. Additionally, it had over three billion SRM tokens from the Serum Ecosystem. By his estimation, SBF received more than $8.6 billion from Alameda’s finances.

The former crypto billionaire understood more about Alameda’s finances if the records published by Forbes are to be trusted. During the interview, he made a point of acting as though he knew very little.

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As per reports, Bret Harrison, the former president of FTX US, the company’s American division, is preparing to launch a new cryptocurrency venture. Harrison is seeking funding to develop a cryptocurrency trading platform after leaving his position at FTX US in September. The Information claims that Harrison is looking for $6 million in the capital, which would put the value of his start-up at $60 million.

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