'I have a lot more to say.'
Well, it's a lot, but is also a bunch of stuff that he's already said on his apology tour.
So, as you can see, SBF totally had nothing nothing nothing to do with it. Especially, as he writes, because he hasn't even "run Alameda for the past few years" — a claim that he repeats several times, in a number of ways, throughout his first foray into self-publishing. "No funds were stolen," SBF announced. "Alameda lost money due to a market crash it was not adequately hedged for — as Three Arrows and others have this year. And FTX was impacted, as Voyager and others were earlier."the crash. He also has a lot to say about what happenedthe crash — and rest assured, it's once again not his fault. It's apparently the fault of Sullivan & Cromwell, FTX's longtime lawyers, who were too eager to.
"If FTX had been given a few weeks to raise the necessary liquidity, I believe it would have been able to make customers substantially whole," Bankman-Fried wrote in the post. "I didn't realize at the time that Sullivan & Cromwell — via pressure to instate [FTX's new CEO, John Jay Ray III] and file Chapter 11, including for solvent companies like FTX US — would potentially quash those efforts.
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