SBF Claims He Didn’t Run Alameda for Several Years
On the question of his connections with Alameda Research (which he founded in 2017), SBF stated he had not run the firm, “for the past few years,” a description directly opposed to recent arguments made by regulators and prosecutors.During a hearing last month before the House Financial Services Committee, acting FTX CEO John J. Ray III said, in practice, there was virtually no separation between FTX and Alameda. While SBF may not have had an official position at the helm of Alameda for some time, prosecutors and recent reports suggest he was nonetheless the de facto king.
“It [FTX and Alameda] was really operated as one company,” Ray said during the hearing. “As a result there is no distinction between the companies.”
