Sam Bankman-Fried on the collapse of FTX in an interview with | DEFI WORLD

Sam Bankman-Fried on the collapse of FTX in an interview with NYT: “I never tried to cheat. I was shocked by what happened this month." According to Sam, Alameda had more leverage than he thought, especially with FTT tokens as collateral.

Bloomberg: Genesis lenders teamed up looking for restructuring lawyers to avoid bankruptcy.

Reuters: The US Senate Agriculture Committee, which oversees the Commodity Futures Trading Commission (CFTC), asked CFTC Director Rostin Behnam if his oversight agency could have foreseen the collapse of FTX and did something to prevent the collapse.

Kraken is cutting its workforce by 1,100 or 30% due to the bear market.

BlackRock CEO Larry Fink confirmed that the management company lost $24 million in the FTX crash.

LedgerX will allocate $175 million from its fund to pay off the debts of its parent company FTX. Initially, the fund was intended to obtain regulatory approval to conduct transactions with crypto-derivatives without intermediaries.