Sam Bankman-Fried confronted with the fall of FTX in a live interview

Sam Bankman-Fried was speaking live at the New York Times DealBook Summit on November 30.

Event

Former FTX CEO Sam Bankman-Fried made his first live public appearance since the collapse of FTX - answering a number of questions at the DealBook Summit in New York on November 3

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The hour-long interview was conducted onstage by New York Times reporter Andrew Sorkin, speaking to Bankman-Fried via videoconference.

The pair discussed many topics, including whether FTX and Alameda Research were mixing client funds, what Bankman-Fried would tell clients who lost everything in FTX, and whether he feared being held criminally liable for the fall of FTX.

Sam Bankman-Fried speaking at New Times York Summit DealBook. Source: New York Times

Pooled Funds

In an early part of the interview, Bankman-Fried claims to have "unknowingly mixed funds" between Alameda and FTX client funds.

In this case, “comingling” referred to client funds deposited with FTX and loaned to its sister company Alameda. Sorkin referenced a submission sent by a viewer earlier which pointed out that this happened despite FTX's terms of service stating that the customer digital assets they hold are not their property and that they would act as if they were.

Sorkin noted, "there seems to be a real mix of funds that are FTX clients that weren't meant to be mixed with your separate business."

Bankman-Fried, however, denied knowledge of the mixed funds and blamed it on poor oversight.

"I unknowingly mixed funds [...] I was frankly surprised by the size of Alameda's position, which indicates another supervisory failure on my part and the inability to appoint someone to be primarily responsible for it," Bankman-Frit said, adding:

"But I wasn't trying to raise funds."

Bankman-Fried also appeared to deflect blame for Alameda's actions, saying he was unaware of all of the company's happenings.

"I was...