Sam Bankman-Fried Discusses His Parents, Net Worth and More at DealBook Summit

“I think I called them up and said, ‘Hey guys, I think there might be a problem, like, it looks like Alameda’s position might be imploding here — there might be a liquidity issue,” he said.

When asked about the $300 million house Mr. Bankman-Fried’s parents reportedly bought him in the Bahamas, Mr. Bankman-Fried said he did not “know the details,” but that it was not intended to be their long-term property.

“They may have stayed there while working with the company sometime over the last year,” he said of his parents.

As for other immediate personal fallout from the implosion of FTX, Mr. Bankman-Fried said he thought he had one working credit card and $100,000 left in the bank.

“I don’t have any hidden funds here,” he said.

Mr. Bankman-Fried also painted FTX as having a tame work culture, brushing aside a question from Mr. Sorkin about FTX staffers’ alleged drug use. “There were no wild parties. At our parties, we play board games. Twenty percent of people would have a quarter of a beer each, and the rest of us would not drink anything.”

Article source: https://www.nytimes.com/2022/11/30/business/dealbook/sam-bankman-fried-parents-net-worth.html