Sam Bankman-Fried ‘joked’ about losing $50M in assets: report

Sam Bankman-Fried allegedly joked about his doomed hedge fund Alameda Research losing track of as much as $50 million in assets, telling another executive: “Such is life.”

“Alameda is unauditable” and “hilariously beyond any threshold of any auditor being able to even get partially through an audit,” Bankman-Fried wrote in an email about the now-defunct Alameda that was cited in court papers by FTX.

Source: Sam Bankman-Fried ‘joked’ about losing $50M in assets: report