pull down to refresh

Three Surprising Takeaways From Bankman-Fried’s Interview With Forbesarchive.vn/KtCwi
51 sats \ 2 comments \ @cryptocoin 12 Dec 2022 bitcoin
zaps forwarded to @2 (100%)
write
preview
related posts
0 sats \ 0 replies \ @cryptocoin OP 12 Dec 2022
The link for this post is using an archive for the article on Forbes' website. An archive has no paywall, no subscription requirement, and can be easier to read. The original article, on Forbes' website is:
Three Surprising Takeaways From Bankman-Fried’s Interview With Forbes https://www.forbes.com/sites/stevenehrlich/2022/12/12/three-surprising-takeaways-from-bankman-frieds-interview-with-forbes
See also another post, found here on SN, where the link to the interview was shared:
Sam Bankman-Fried Full Interview With Steven Ehrlich #106128 https://www.forbes.com/video/6317086119112/sam-bankmanfried-full-interview-with-steven-ehrlich
reply
0 sats \ 0 replies \ @cryptocoin OP 13 Dec 2022
Full transparency, I personally like Bankman-Fried.
One of the key major revelations from the interview is that there was a strong possibility that Bankman-Fried would not remain as CEO had he accepted one of the many financing offers that came in before and shortly after he resigned his role
Second, I was struck by Bankman-Fried’s disclosure that FTX had a dashboard that provided a snapshot of margin positions for exchanges that the firm provided to a select group of regulators, including those based in the U.S. and Japan, on a regular basis.
Third, I asked for more detail about some of the discussions that he had with investors and whether they raised any questions about his risk management policies. He said that almost none did, but that some were interested in compliance policies. He did say that their biggest concern was diminishing growth, which in effect lit a fire under Bankman-Fried and the rest of the team to increase transaction throughput, even during the middle of 2022 when the market was starting to fall.
reply