Sam Bankman-Fried said he had no intention of committing fraud or using customer funds to pay back leveraged bets that went wrong at Alameda Research, a crypto hedge fund affiliated with FTX that filed for bankruptcy on the exchange. pushed towards
Mr. Bankman-Fried, speaking at the New York Times DealBook Summit in New York, denied knowingly involving customer funds to back his crypto trading operation and sought to deflect some of the blame for FTX’s collapse from himself, Saying that he was surprised. The size of Almeida’s bet that went wrong.