The FTX founder, Sam Bankman-Fried, recently made a series of public appearances, and the media is now getting his perspective on the situation. That story underlined his diminished involvement in particular transactions outside of FTX. But according to reports, Sam Bankman-Fried submitted Forbes a detailed report on the financials of Alameda Research.
According to a Forbes exclusive, the former FTX CEO divulged a wealth of information about both his own interests and those of the platforms he built. Additionally, that insight contained a wealth of information on Alameda Research’s business dealings.
Sam Bankman-Fried’s Arguments Questioned By Forbes
The most tragic event to affect the cryptocurrency community to date is the demise of FTX. Not only has the market as a whole been affected by its failure, but one of its most promising young minds has had his or her reputation permanently damaged.
Former billionaire Sam Bankman-Fried established FTX and hedge fund Alameda Research. He is now coming out in response to accusations, debate, and platform bankruptcy. insisting that the amount of time he spent working on Alameda Research each day was insufficient to plan the alleged crime.
In his remarks last week at the DealBook Summit, Bankman-Fried added,
“Alameda is not, like, a company that I monitor day-to-day. It’s not a company I run. It’s not a company I have run for the last couple of years. And Alameda’s finances I was not deeply aware of.”
But so far, his defence hasn’t seemed very convincing. In a new exclusive, Forbes questions their credibility even further. Sam Bankman-Fried is reported to have given financial information about Alameda Research to the magazine.
“Most of the world’s billionaires rather not discuss their wealth. Not Sam Bankman-Fried,” Forbes responded to his appearance at the DealBook Summit. The article went on to say that Bankman-Fried frequently sent spreadsheets, documents, and screenshots. Information relaying everything about his ownership interests, possessions, and wallets holding different cryptocurrencies.
“Updates like this arrived periodically- practically whenever Forbes asked for them,” the report stated. The study further claims that these data would be delivered between January 2021 and March 2022.
According to Forbes, Bankman-claims Fried’s that he has no connection to Alameda Research is, at the very least, not entirely accurate. According to Forbes, “He had detailed knowledge of some of Alameda’s holdings and at least some knowledge of transactions it was making, especially 2021.”