The Friday Focus: Issue 62

FTX is obviously the focus again this week, with SBF still “being sorry” and trying to convince us that he didn’t know about the comingling of customer funds. Nice try, Sam.

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Sam Bankman-Fried has been quite public this week, still telling a story of unawareness of comingling of funds and claims he was surprised by how big Alameda’s position was, calling it a “failure of oversight” on his part.

At the same time, the first US Congress FTX hearing took place, with CFTC Chair Behnam being the sole witness and responding to questions about his agency’s handling of the fallen crypto giant and his continued call for legislation. Moreover, US House lawmakers have set Dec 13 as the date for the first FTX hearing, and a US Trustee has asked the bankruptcy court to appoint an FTX trustee.

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