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According to The New York Times, Sam Bankman-Fried said in an interview that he had expanded too fast and failed to see warning signs. “You would’ve thought that I’d be getting no sleep right now, and instead I’m getting some,” he said. “It could be worse.” Alameda had accumulated a large “margin position” on FTX, essentially meaning it had borrowed funds from the exchange, Sam Bankman-Fried said. “It was substantially larger than I had thought it was,” he said. “And in fact the downside risk was very significant.” He said the size of the position was in the billions of dollars but declined to provide further details.

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【SBF: Alameda had accumulated the billions of dollars “margin position” on FTX】According to The New York Times, Sam Bankman-Fried said in an interview that he had expanded too fast and failed to see warning signs. “You would’ve thought that I’d be getting no sleep right now, and instead I’m getting some,” he said. “It could be worse.” Alameda had accumulated a large “margin position” on FTX, essentially meaning it had borrowed funds from the exchange, Sam Bankman-Fried said. “It was substantially larger than I had thought it was,” he said. “And in fact the downside risk was very significant.” He said the size of the position was in the billions of dollars but declined to provide further details.

SBF: Alameda had accumulated the billions of dollars “margin position” on FTX

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