'Sam is delusional about what happened and his culpability in it,' Michael Novogratz, CEO of Galaxy Digital, says of Sam Bankman-Fried and FTX.
"The time that I really knew there was a problem was Nov. 6," Bankman-Fried said, after Alameda's sizable FTT position was exposed by Coindesk. "When we looked at that, there was a potential serious problem."
"I was nervous [when] the Alameda balance sheet" was exposed by Coindesk, Bankman-Fried said, but expected the damage was going to be limited to Alameda, not an "existential" crisis for FTX."I wasn't running Alameda, I didn't know exactly what was going on, I didn't know the size of their position," Bankman-Fried said. "A lot of these are things I've learned over the last month [in the days leading up to bankruptcy.
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