According to TechFlow, FTX founder SBF gave a speech at the DealBook Summit. He said that he was surprised by the size of Alameda Research's position and did not deliberately try to mix funds. He believed that there was a huge difference between Alameda Research's actual position and the platform's backend data. Alameda Research's leverage ratio was 10% a year ago, but began to expand afterwards.
SBF also talked about other issues, saying that FTX had "management errors", but its donations mainly came from profits rather than customer funds. He also said that there were no "rave parties" at FTX and that colleagues only played board games. When asked if he "had ever lied", SBF admitted that he had lied several times when he was a marketer for FTX.
"No one is responsible for FTX's risk exposure/fund position risk. At the moment, too many things are out of my control. I put all my money in FTX." Regarding the lessons learned from this incident, SBF said that "I can't promise anything to anyone." In addition, he revealed that he is currently in the Bahamas and is considering going to the United States. Original link