The folded FTX co-founder is waiting for his process, sells the time with video games and blogs about his new Substack newsletter-
The folded FTX co-founder is waiting for his process, sells the time with video games and blogs about his new Substack newsletter-
The former CEO of FTX, Sam Bankman-Fried (SBF), published a substance newsletter on January 12, 2023, and the first post is entitled "FTX Pre-Mortem Overview". In the post office, SBF claims that an "extreme, faster, targeted crash, which was brought about by the CEO of Binance, made Alameda insolvent". The blog post does not mention the allegations of its former employees, ex-Alameda CEO Caroline Ellison and FTX co-founder Gary Wang. The former FTX manager, who had fallen unexpectedly, also led a single interview with the Puck News reporter, Theodore Schleifer.
former FTX CEO fights allegations of fraud and asserts innocence in a new Substack post
The co-founder of ftx, sam Bankman-Fried (SBF), has been loud lately since his arrest and initial Court appearances in front of a judge of the southern district of New York. On January 12, 2023, SBF started a Substack newsletter called "Sbf’s Substack" and published his first post Research, the quantitative trading company that he founded in 2019. In the first blog post, SBF insists that he has not stolen customer funds.
- Sbf (@Sbf_ftx) 12. January 2023
"I have not stolen money and I certainly didn't hide a billion," wrote the former CEO from FTX. SBF also emphasized that he has "not managed Alameda in recent years". He explained that three factors have contributed to the decline of FTX and Alameda, including the swelling of the balance sheet from Alameda and Alameda's failure to "secure his market risk sufficiently". In addition, SBF believes that the last coffin nail for FTX by Binance CEO Changpeng "CZ" Zhao was broken. In the Substack blog contribution, SBF said:
In November 2022, an extreme, faster, targeted crash, which was brought about by the CEO of Binance, made Alameda insolvent.
A large part of the SBF Substack Blog contribution is similar to previous interviews that he gave before his arrest. The blog post contains little new information compared to what the FTX co-founder said during his blog post media tour mid-November 2022. While SBF insists that he "did not stole any funds", the former FTX manager does not go into it allegations from its former employees FTX co-founder Gary Wang, who reported financial misconduct and the mixing of FTX customer funds with Alameda Research from 2019
SBF turns to a new CEO to help, but remains isolated and lonely
SBF also mentioned that after the transfer of ftx us to John J. Ray III , the exchange was still Solvent. "It is ridiculous that FTX Us users are not yet healthy and have got their money back," commented SBF in his blog post. The former FTX CEO, who fell out of favor, also spoke to the reporter of Puck News about his shops with the new FTX CEO Ray Theodor Schleifer . The puck reporter scored SBF in the house of his parents in Palo Alto, California, where SBF welcomed him with his government issued by the government. The German German Shepherd "Sandor" from SBF was also present in the house.
I recently wrote that Sam Bankman-Fried deeply convinced that the traditional textbook of crisis communication is dead.
The decision to publish this says everything better than I could. https://t.co/gavcmy08sk
- Teddy Schleifer (@teddyschleifer) 12. January 2023
Schleifer reported that SBF "six or seven times" turned to the new FTX CEO John Ray to offer his help. The Puck reporter noticed that Ray had held "distance" as a former FTX CEO. The interview emphasizes that SBF is lonely and isolated and that it is "relieved to have access to the Internet again," reported Schleifer. The Puck reporter knew SBF before the end of the stock exchange when they talked in autumn 2020. Schleifer wrote: "We were both interested in the movement for effective altruism", and they would "write an SMS about politics or philanthropy every few months". The interview lasted two and a half hours and SBF spoke about his need to be vegan when he was in prison on the bahamas Food.
While he is waiting for his trial on October 3, 2023 in the southern district of New York and is faced with eight charges for financial fraud and conspiracy, Sbf continues to play "Many video games". According to Schleifer, the game of SBF's choice is now "Storybrook Brawl", but the folded FTX co-founder does not use his gaming handle nor speaks to other players. Despite play video games "It doesn't really distract from what is going on," said SBF to Schleifer.
Although Schleifer notes "that there are not many real people [SBF] no longer to speak", the interview does not go to the allegations Made by ellison and Wang. In the Puck interview it is briefly mentioned that both colleagues have "overturned" [SBF] "and the technical director of ftx " Singh] is expected to do the same. “
What do you think about the efforts of SBF to wash your name in? Share your thoughts in the comments below.
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