{"id":518877,"date":"2022-12-01T01:31:04","date_gmt":"2022-11-30T22:31:04","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bankman-fried-claims-i-unknowingly-commingled-funds-at-dealbook-summit\/"},"modified":"2022-12-01T01:31:04","modified_gmt":"2022-11-30T22:31:04","slug":"bankman-fried-claims-i-unknowingly-commingled-funds-at-dealbook-summit","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bankman-fried-claims-i-unknowingly-commingled-funds-at-dealbook-summit\/","title":{"rendered":"# Bankman-Fried claims: \u2018I unknowingly commingled funds\u2019 at DealBook Summit"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_89 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6af9aa9446b8d\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6af9aa9446b8d\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bankman-fried-claims-i-unknowingly-commingled-funds-at-dealbook-summit\/#%E2%80%9D_Bankman-Fried_claims_%E2%80%98I_unknowingly_commingled_funds_at_DealBook_Summit_%E2%80%9C\" >&#8221; Bankman-Fried claims: \u2018I unknowingly commingled funds\u2019 at DealBook Summit &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Bankman-Fried_claims_%E2%80%98I_unknowingly_commingled_funds_at_DealBook_Summit_%E2%80%9C\"><\/span>&#8221; Bankman-Fried claims: \u2018I unknowingly commingled funds\u2019 at DealBook Summit &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-b8b12140>Former FTX CEO Sam Bankman-Fried has claimed to have \u201cunknowingly commingled funds\u201d between Alameda and customer funds at FTX.<\/p>\n<p>Bankman-Fried was speaking at the New York Times\u2019 DealBook Summit via video conference on Nov. 30, in which journalist Andrew Sorkin noted \u201cthere <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ears to be a genuine commingling of the funds that are FTX customers that were not supposed to be commingled with your separate firm.\u201d<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-11\/503c5502-cfd2-4a68-a413-51aa171f85db.PNG\"><figcaption style=\"text-align: center;\"><em>Sam Bankman-Fried speaking at the New York Times&#8217; DealBook Summit. Source: New York Times<\/em><\/figcaption><\/figure>\n<p>Bankman-Fried denied knowing about the commingled funds and blamed it on poor oversight. <\/p>\n<p>\u201cI unknowingly commingled funds [&#8230;] I was frankly surprised by how big Alameda\u2019s position was which points to another failure of oversight on my part and failure to appoint someone to be chiefly in charge of that,\u201d said Bankman-Fried, adding: <\/p>\n<blockquote><p>\u201cBut I wasn\u2019t trying to comingle funds.\u201d<\/p><\/blockquote>\n<p>Bankman-Fried also appeared to deflect blame for the actions of Alameda. <\/p>\n<p>\u201cI wasn\u2019t running Alameda, I didn\u2019t know exactly what [was] going on. I didn\u2019t know the size of their position.\u201d<\/p>\n<p>The crypto exchange famously imploded in early November as a result of a liquidity crisis, leading to a halting of customer withdrawals. It filed for bankruptcy days later on Nov. 11.\u00a0<\/p>\n<p>It is alleged that much of the liquidity crisis was due to Alameda using client funds to cover a loans that were being recalled due to the credit crunch caused by the collapse of LUNA.\u00a0<\/p>\n<p><em>This is a developing story and more information will be added as it becomes available.\u00a0<\/em><\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bankman-fried-claims-i-unknowingly-commingled-funds-at-dealbook-summit\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Bankman-Fried claims: \u2018I unknowingly commingled funds\u2019 at DealBook Summit &#8220; Former FTX CEO Sam Bankman-Fried has claimed to have \u201cunknowingly commingled funds\u201d between Alameda and customer funds at FTX. Bankman-Fried was speaking at the New York Times\u2019 DealBook Summit via video conference on Nov. 30, in which journalist Andrew Sorkin noted \u201cthere appears to&#8230;<\/p>\n","protected":false},"author":1,"featured_media":518878,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTEvOTAxYjhiNmUtMDg2Yi00MTNkLWE1MjAtOWQyZTgzZTM1ZWQxLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[135234,89897,117],"class_list":["post-518877","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-ftx","tag-sam-bankman-fried","tag-business"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/518877","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=518877"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/518877\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/518878"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=518877"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=518877"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=518877"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}