{"id":167716,"date":"2022-12-01T13:27:31","date_gmt":"2022-12-01T13:27:31","guid":{"rendered":"https:\/\/precoinnews.com\/?p=167716"},"modified":"2022-12-01T13:27:31","modified_gmt":"2022-12-01T13:27:31","slug":"sbf-says-i-didnt-ever-try-to-commit-fraud-on-anyone-crypto-community-reacts","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/sbf-says-i-didnt-ever-try-to-commit-fraud-on-anyone-crypto-community-reacts\/","title":{"rendered":"SBF Says \u2018 I Didn\u2019t Ever Try To Commit Fraud on Anyone\u2019, Crypto Community Reacts"},"content":{"rendered":"

On Wednesday (30 November 2022), the New York Times held its annual DealBook Summit in New York City, an an event which was hosted by Andrew Ross Sorkin, Times columnist and DealBook founder and editor at large.<\/p>\n

Here were the main speakers\/interviewees:<\/p>\n

<\/p>\n

Of course, the interviewee that most people were most excited about hearing from was Sam Bankerman-Fried (aka \u201cSBF\u201d), the disgraced co-founder and former CEO of bankrupt crypto exchange FTX.<\/p>\n

based on the full transcript of Andrew Ross Sorkin\u2019s interview with SBF published by CoinDesk earlier today, SBF said:<\/p>\n

\u201cClearly, I made a lot of mistakes or things I would give anything to be able to do over again. I didn\u2019t ever try to commit fraud on anyone\u2026 I didn\u2019t knowingly commingle funds. And again, one piece of this you have the margin trading you have you know, customers borrowing from each other, Alameda is one of those. I was frankly surprised by how big Alameda\u2019s position was, which points to another failure of oversight on my part. And a failure to appoint someone to be chiefly in charge of that. But I wasn\u2019t trying to commingle funds\u2026<\/em><\/p>\n

\u201cThe time that I really knew there was a problem was Nov. 6. Nov. 6 was the date that the tweet about FTT came out. By late on Nov. 6, we were putting together all of the data, putting together all the information that obviously should have been put together way earlier, that obviously should have been part of the dashboards I was always looking at\u2026 <\/em><\/p>\n

\u201cWe were spending an enormous amount of our energy on compliance. We\u2019re spending an enormous amount of energy on regulation on licensure. We\u2019re getting licensed in dozens of jurisdictions\u2026<\/em><\/p>\n

\u201cEverything I have, I\u2019m disclosing and you know, I\u2019m down to\u2026I have one working credit card left. I think it might be $100,000 or something like that in that bank account. And, I mean, everything that I had, even all the loans I had were, you know, those are all things I was reinvesting in the businesses\u2026I put everything I had into FTX.<\/em>\u201c<\/p>\n

https:\/\/youtube.com\/watch?v=IyoGdwVIwWw%3Fstart%3D1%26feature%3Doembed<\/p>\n

Here are a few reactions to this interview from the crypto community on Twitter:<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

On Wednesday (30 November 2022), the New<\/p>\n","protected":false},"author":3,"featured_media":167715,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nSBF Says \u2018 I Didn\u2019t Ever Try To Commit Fraud on Anyone\u2019, Crypto Community Reacts - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/sbf-says-i-didnt-ever-try-to-commit-fraud-on-anyone-crypto-community-reacts\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SBF Says \u2018 I Didn\u2019t Ever Try To Commit Fraud on Anyone\u2019, Crypto Community Reacts - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"On Wednesday (30 November 2022), the New\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/sbf-says-i-didnt-ever-try-to-commit-fraud-on-anyone-crypto-community-reacts\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-01T13:27:31+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2022\/12\/SBF-Says-\u2018-I-Didnt-Ever-Try-To-Commit-Fraud-on-Anyone-Crypto-Community-Reacts.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/sbf-says-i-didnt-ever-try-to-commit-fraud-on-anyone-crypto-community-reacts\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/sbf-says-i-didnt-ever-try-to-commit-fraud-on-anyone-crypto-community-reacts\/\",\"name\":\"SBF Says \u2018 I Didn\u2019t Ever Try To Commit Fraud on Anyone\u2019, Crypto Community Reacts - 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