
CNBC Special: One-on-One with Sam Bankman-Fried 11/30/22
Squawk Pod
00:00
Cryptocurrency
I think that a lot of it was on the risk management side. I bear responsibility for that. There were oversight failures, transparency failures reporting like so many things we should have had in place. Every day there are millions of dollars that are being lost by customers because of risk management failures. These contracts are paying out 75 cents on the dollar week after week after week due to risk management blowouts.
Play episode from 56:22
Transcript


