In the ongoing criminal trial, Sam Bankman-Fried (SBF) was questioned by New York prosecutors over his past remarks, including derogatory comments on certain cryptocurrency investors and comments on cryptocurrency regulation.。

During the cross-examination, prosecutors reportedly showed the SBF tweets, media interviews and sworn testimony that he claimed were unrelated to the operations of the defunct cryptocurrency exchange.。

inconsistent statements

These statements are in stark contrast to the eventual collapse of the cryptocurrency exchange, which left customers facing up to $8 billion in deposit losses.。In addition to this, SBF has publicly disparaged investors in FTX。Shortly before his arrest, he also admitted that he had downplayed his support for cryptocurrency regulation, saying it was just a "public relations act."。

SBF's inconsistent claims deepen FTX collapse mystery。In an interview, he claimed to have "no involvement at all" in the management of FTX-affiliated hedge fund Alameda Research, and later admitted to having been involved in discussions about the firm's trading strategy.。

In addition, during the trial, it was revealed that SBF, just days before the collapse of FTX, thought the exchange's balance sheet was sound and free of deficits。Later, he even tweeted that FTX was in good shape.。But in reality, with customers extracting billions of dollars a day, FTX is teetering on the brink of a liquidity crisis.。The situation is exacerbated by questions raised by the founder of rival Binance。

worrisome remarks

SBF's testimony indicates that in the summer of 2022, when the balance sheet deteriorated, he commissioned to manage the position of Alameda Research's Caroline Ellison hedge trading firm.。However, when questioned in September, he argued that the company "could have hedged twice its position," raising questions about his decision.。

In another CNN report, questions from Assistant U.S. Attorney Danielle Sassoon focused on the contrast between SBF's role as CEO of FTX and his public statements to the media and Congress.。Clearly, the prosecution is determined to expose any inconsistencies。

Sassoon asked, "You call the shots as CEO, don't you？The answer was very vague: "Some are my call."。This answer alludes to the complexity of FTX's internal decision-making and suggests that not all decisions are left to the CEO's discretion。

Sassoon makes a compelling argument that FTX's sister company, Alameda Research, enjoys privileges that no other account on the FTX platform has.。Before the court adjourned, he delved further into the question of Alameda's privileges.。