If there were lingering doubts about Sam Bankman-Fried’s strategic thinking those doubts surely evaporated after he chose to DM with a reporter to discuss his imperiled crypto exchange FTX, delivering answers that would make attorneys retch.
that she and Bankman-Fried have been friends and said he did not request for his comments to be kept off the record.)
Investigations into FTX are underway in both the U.S. and Bahamas, where the company is based, though Bankman-Fried—whose parents are both professors at Stanford Law School— has not been charged with any crime. He did not immediately respond to a request for comment. This week, the former billionaire was also hit by a federal lawsuit seeking class-action status in Miami District Court, which alleged that FTX engaged in a “fraudulent scheme” that caused more than $11 billion in damages to consumers. Celebrities including Tom Brady, Naomi Osaka, Gisele Bundchen andjudge Kevin O’Leary were also named as defendants.
“I fucked up,” he acknowledged to Vox. “Big…multiple times.” But perhaps “my single biggest fuckup,” he declared, was filing for bankruptcy after FTX failed to secure a bailout, leaving it on the brink of collapse. Around the same time, Bankman-Fried was booted as CEO, and the new regime, he asserted, is “trying to burn it all to the ground out of shame.” Had he just waited another month, he grumbled, he might have been able to unfreeze the withdrawal process and make customers whole.
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