The crypto neighborhood has voiced their viewpoints on previous FTX CEO Sam “SBF’ Bankman-Fried’s“pre-mortem introduction” of the collapse of FTX he released on Jan. 12 as a letter on Substack.
https://t.co/XVd0BPHxEU!.?.!— SBF(@SBF_FTX)January 12,
2023
As formerly reported by Pandoraland, SBF denied the claims made versus him in the prolonged letter and kept that FTX United States had been “totally solvent” at the time the company applied for Chapter 11 personal bankruptcy, with approximately $350 million in cash available.Bankman-Fried even more specified that FTX International had a significant quantity of properties( roughly$8 billion)when John Ray became CEO. According to Bankman-Fried,” No funds were taken. Alameda lost money due to a market crash it was not adequately hedged for– as Three Arrows and others have this year.” Cast your vote now!Unfortunately for him, the crypto neighborhood seemed unimpressed by SBFs”pre-mortem overview.”Wall Street Silver shared,”There is no mentionof the billions in ‘loans’he got from consumer cash to fund his extravagant lifestyle and political contributions. I am stunned his legal group has not stopped this person from talking.”SBF launched a Substack article with his version of events.There is no mention of the billions in “loans”he took out from consumer cash to money his extravagant lifestyle and political donations.I am stunned his legal group has not stopped this person from talking. pic.twitter.com/8hTFgRhXva!.?.!— Wall Street Silver (@WallStreetSilv)January 12, 2023 Fintech analyst Peruvian Bull shared, “SBF is being in his moms and dad’s mansion composing substack articles blaming everybody but himself for the FTX fraud. He was a genius when speaking with VCs, now all of a sudden we’re supposed to think he’s the most unskilled CEO in history.”SBF is being in his parent’s estate composing substack posts blaming everybody however himself for the FTX fraud. He was a genius when talking with VCs, now all of a sudden we’re expected to think he’s
the most inexperienced CEO in history.https:// t.co/ BHwf7opIA2– Peruvian Bull( @peruvian_bull)January 12, 2023 Appellate attorney Michael Tex Duncan commented,”So it appears like SBF is no longer tweeting his criminal activities
, but instead has a new substack to detail them.”So it looks like SBF is no longer tweeting his criminal offenses, but instead has a new
substack to detail them. Sure he can admit to things more than 280 characters at a time, however if they’re like me, I ‘d wager the FBI representatives on the case are still upset about having to register for it.– Michael
Tex Duncan-https://post.news/texduncan (@texduncan)January 12, 2023
Bitcoin(BTC)scientist Andrew Bailey commented, “SBF has a new Substack post filled with reconstructed numbers and tables and approximates about Alameda’s last months. I
read them. They’re a smokescreen. Obviously.”SBF has a brand-new Substack post filled with rebuilt numbers and tables
and estimates about Alameda’s last months. I read them.They’re a smokescreen. Obviously.– Andrew M. Bailey (@resistancemoney )January 12, 2023 Related: Sam Bankman-Fried:’I didn’t take funds , and I
certainlydid n’t stash billions away’On Jan. 12, Pandoraland reported that Joseph Bankman, the dad of Bankman-Fried, has actually apparently worked with a lawyer as the criminal case against his son moves forward. Bankman apparently recommended and assisted his son on matters related to lobbying lawmakers in Washington, D.C. and might now be complying with the prosecutors behind SBF’s case.However, It remains unclear whether Bankman has any criminal or civil liability related to the collapse of FTX.
More Stories
Arkansas counties rush to pass noise regulations for crypto miners
Federal Reserve of San Francisco hiring crypto architect for CBDC project
Elon Musk to rebrand Twitter to X, but Crypto Twitter has other ideas