Sam Bankman-Fried allegedly joked about his doomed hedge fund Alameda Research losing track of as much as $50 million in assets, telling another executive: “Such is life.”
“Alameda is unauditable” and “hilariously beyond any threshold of any auditor being able to even get partially through an audit,” Bankman-Fried wrote in an email about the now-defunct Alameda that was cited in court papers by FTX.
This is bad, a former senior employee who resigned on principle details his ignored warnings to SBF and his insider cronies.
FTX’s ex-US boss saw bonus slashed after ‘protracted disagreement’ with SBF: report
