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When asked about what happened to cause the downfall, SBF said that "What it seems like happened: It seems like Alameda had margin positions opened with them ." Despite that reality, SBF said that he “didn’t knowingly co-mingle funds” and "wasn't trying to co-mingle funds." “By late November 6 ... I'm starting to think about emergency scenarios,” he said. "On November 7, I was feeling quite uneasy about that."
When asked about his comments about regulators and how he behaved around them, SBF said "There's a bunch of bullshit that regulated companies do to trend good. Everyone who does them basically knows that they're kind of dumb." “So there absolutely were management failures, huge management failures, and I take responsibility for that. There were oversight, failures, transparency, failures, reporting… so many things we should have had in place.”
Its called THEFT not oversight.
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