An FTX executive flagged worries about Alameda Research's use of customer funds to Sam Bankman-Fried as early as 2020, report says
show that Bankman-Fried considered shutting down the trading firm in September 2022, saying circulating a document titled:"We came, we saw, we researched."
"I think it might be time for Alameda Research to shut down. Honestly, it was probably time to do that a year ago," the document read. Around the same time as the document was circulated, another unnamed executive spoke to Bankman-Fried to express concerns about how much Alameda had borrowed from FTX, the Times reported, citing the documents, adding that he acknowledged that he was also concerned, to the extent that it made him"5-10% less productive."on a beanbag chair next to his desk – and for taking work calls at 3:00 a.m.
Bankman-Fried and his attorney did not immediately respond to Insider's request for comment, sent outside normal working hours.though such a long sentence is highly unlikely.Subscribe to push notifications
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