The crypto community has expressed its opinions on former FTX CEO Sam Bankman-Fried’s “before-death overview” of the FTX crash that he posted on Jan. 12 as a message on Substack.
https://t.co/XVd0BPHxEU
– SBF (SBF_FTX) January 12, 2023
As previously reported by Cointelegraph, SBF denied the allegations made against it in the lengthy letter and asserted that FTX US was “fully solvent” at the time the company filed for Chapter 11 bankruptcy with approximately $350 million in available funds.
Bankman-Fried further stated that FTX International had a significant amount of assets (about $8 billion) when John Ray became CEO. According to Bankman Fried, “No money was stolen. Alameda lost money because Collide from the underprotected market – like Three Arrows and other companies last year.”
Unfortunately for him, the cryptocurrency community didn’t seem to like SBF’s “ante-mortem overview”.
Wall Street Silver shared, “There is no mention of the billions in ‘loans’ he took out of client money to fund his lavish lifestyle and political giving. I am shocked your legal team has not stopped this man from speaking out.”
SBF released a Substack article with its version of events.
There is no mention of the billions in “loans” he took out of client money to fund his lavish lifestyle and political donations.
I’m shocked his legal team didn’t stop this guy from speaking up. pic.twitter.com/8hTFgRhXva
—WallStreetSilv (@WallStreetSilv) January 12, 2023
SBF published an article on Substack with its version of the facts.
There is no mention of the billions in “loans” he took out of client money to fund his lavish lifestyle and political donations.
I’m shocked your legal team didn’t stop this guy from talking.
—WallStreetSilv (@WallStreetSilv)
Peruvian fintech analyst Bull shared, “SBF sits at his parents’ mansion writing articles on the spin-off blaming everyone but himself for the FTX scam. He was a genius talking to venture capitalists, and now we’re suddenly supposed to believe he’s the most incompetent CEO in history.” “.
SBF sits in his parents’ mansion writing alt articles blaming everyone but himself for FTX fraud.
He was a genius when he spoke to venture capitalists, and now suddenly we’re supposed to believe he’s the most incompetent CEO in history.
Peruvian bull (peruvian_bull) January 12, 2023
“SBF sits in his parents’ mansion writing alt articles blaming everyone but himself for FTX fraud. He was a genius talking to venture capitalists, and now we are suddenly supposed to believe he is the most incompetent CEO in history.”
Peruvian bull (peruvian_bull)
Appeals attorney Michael Tex Duncan commented, “It appears that the SBF is no longer tweeting about its crimes, but has created an alternative package detailing it.”
So it appears the SBF is no longer tweeting about its crimes, but instead has a new alternative package to detail it.
Sure he can confess to things over 280 characters at a time, but if they’re anything like me, I bet the FBI agents on the case are still annoyed at having to sign up to get it.
– Michael Tex Duncan – https://post.news/texduncan (@texduncan) January 12, 2023
So it appears the SBF is no longer tweeting about its crimes but has created an alternative package detailing it.
Of course he can admit to things over 280 characters at a time, but if they’re anything like me, I bet the FBI agents investigating the case are annoyed they have to sign up for this.
– Michael Tex Duncan – https://post.news/texduncan (@texduncan)
Bitcoin (BTC) researcher Andrew Bailey commented: “SBF has a new Substack post full of numbers, reconstructed tables, and estimates about the last few months of Alameda. I read them. They are a smokescreen. Clearly.”
SBF has a new Substack post filled with numbers, reconstructed tables, and estimates about the last months of Alameda. I read them.
It’s a smokescreen. clearly.
—Andrew M Bailey (@resistancemoney) January 12, 2023
SBF has a new Substack post filled with numbers, reconstructed tables, and estimates about the last few months at Alameda. I read them. They are a smokescreen. clearly.
—Andrew M Bailey (@resistancemoney)
On January 12, Cointelegraph reported that Bankman Fried’s father, Joseph Bankman, has hired an attorney as the criminal case against his son moves forward. Bankman allegedly advised and assisted his son on matters related to lobbying lawmakers in Washington, D.C., and may now be cooperating with prosecutors in the SBF case.
However, it remains unclear whether Bankman bears any criminal or civil liability related to the collapse of FTX.
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