Is There a Conflict of Interest Between Alameda and FTX?

I didn't have the bandwidth to run two companies at once. And again, I was nervous about a conflict of interest between those two. So it was pretty intentional about not being very involved in what was happening at Alameda. When did the commingling of assets begin? Well, I think it had been in some ways reducing. But it's still had a big margin position on FTX.