Cryptocurrency exchange FTX and Alameda Research former CEO of FTX after declaring bankruptcy last Friday SBF continues to be on the agenda with his statements.
While SBF first attracted attention with its meaningless posts on Twitter, this time it is being talked about with its striking statements.
SBF, which gave an interview with US media organization Vox reporter Kelsey Piper via Twitter DM, targeted the regulators.
Expressing regret for filing for bankruptcy for FTX, SBF blamed regulators over the bankruptcy procedure.
“I messed things up so bad. And many times. But my biggest regret about recent events was filing for bankruptcy. It was just listening to everyone tell me to file for bankruptcy for FTX.
If I hadn’t filed for bankruptcy, 70% of things would have been settled right now.
But now that I’m filing for bankruptcy, those managing the bankruptcy process are making things worse.
Fuck the Adjusters, they’re making things worse.”
“I Have To Find Eight Billion Dollars In Two Weeks!”
Stating that he has a two-week time, SBF said “I need to find eight billion dollars in two weeks to save account holders. This is my number one goal right now. A month ago I was one of the world’s biggest fundraisers, but now I’m in a wreck.” said.
Vox reporter after SBF’s remarks to regulators “recently you were advocating for regulations” Upon being asked the question, the SBF an advertisement said that.
Speaking about the hacking of FTX, SBF said that FTX was really hacked. SBF argued that a former employee or malware on his computer could be behind the hack.
“It Was Alameda, Not FTX That Was Gambling!”
Noting that it was Alameda, not FTX, that gambled with client funds, SBF said that FTX only made loans to Alameda from client funds:
“FTX did not gamble with client funds. He only gave credit to Alameda. We felt that Alameda had sufficient collateral to cover this loan. However, we realized too late that the leverage on Alameda’s trades was this great.
Bad accounting and large leveraged transactions brought us to this situation. If I could start over from scratch, I would do a more careful accounting. And most importantly, I would like to separate Alameda from FTX.”
Making heavy words to the organizers, SBF shared about this after the interview:
“Being an organizer is not easy. They have nearly impossible jobs. It is difficult to regulate all industries that are growing faster than their mandates allow.”