SBF: Client Funds Deposited in Alameda May Have Been Double Counted on FTX

According to the "Wall Street Journal" report, FTX former CEO Sam Bankman-Fried (SBF) said in an interview with the Wall Street Journal that although he holds 90% of Alameda Research's shares, he has long since withdrawn from the management of the company and its operations. Little is known. SBF stated that FTX was established in its early days. The customer deposits funds into the Alameda account and records it on the customer's FTX account. After that, the habits of these customers have not changed, which may cause the funds to be used as both customer funds on FTX and Alameda's positions, making the assets and liabilities of both parties There is a huge hole in the table.