Bankman-Fried: No crypto company had ever received an audit by early 2018
Sam Bankman-Fried · FTX with Sam Bankman-Fried & Mario Gabriele (Extended Cut) · Acquired · Dec 15, 2021 · at 26:26
Sam Bankman-Fried describes pitching institutional LPs for Alameda Research in early 2018 and facing demands for audit reports.
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“Literally no crypto company has ever gotten audited before of any type. And we've been around for two months. Obviously we don't have an audit.”
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