FTX - Zero Risk Management

in crypto •  2 years ago 

Exclusive Transcript: The Full Testimony Bankman-Fried Planned To Give To Congress

The document is posted as a sequence of image files, so best to just download the whole page for future ref - or a full pdf here

The document has so many floaters, one can catch them one by one - impossible to drain the swamp when the whole structure is a swamp.

c) Risk management:
i) While FTX International had a team dedicated to financials, and to many
other areas of the business, it did not have a team dedicated to risk
management, or to user position monitoring
ii) I, as CEO, did not put adequate effort into monitoring risk on FTX

erm... so all those investors in FTX securities - you know, the ones that valued the corp at $18b - knew this!?

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