Posted on 11/18/2022 9:17:23 AM PST by bitt
The fallen crypto CEO on what went wrong, why he did what he did, and what lies he told along the way.
Last night, Sam Bankman-Fried DMed me on Twitter.
That was surprising. I’d spoken to Bankman-Fried via Zoom earlier in the summer when I was working on a profile of him, so I reached out to him via DM on November 13, after news broke that his cryptocurrency exchange had collapsed, with billions in customer deposits apparently gone. I didn’t expect him to respond — typically, people under investigation by both the Securities and Exchange Commission and the Department of Justice don’t return requests for comment.
Bankman-Fried, though, apparently wanted to talk. About how FTX and his hedge fund Alameda Research had gambled with customer money without, he claims, realizing that’s what they were doing. About who gets lauded as a hero and who’s the fall guy. About regulators. (“F regulators.”) About what he regrets (“Chapter 11,” the decision to declare bankruptcy) and about what he would have done differently with FTX and Alameda (“more careful accounting + offboard Alameda from FTX once FTX could live on its own”).
It was past midnight Bahamas time, where Bankman-Fried is reportedly still located, and we went back and forth on Twitter for more than an hour. He was, he said, still working to try to raise the funding needed to pay back all his depositors.
As we messaged, I was trying to make sense of what, behind the PR and the charitable donations and the lobbying, Bankman-Fried actually believes about what’s right and what’s wrong — and especially the ethics of what he did and the industry he worked in. Looming over our whole conversation was the fact that people who trusted him
(Excerpt) Read more at vox.com ...
YMMV...
Let him keep talking. He’s giving the future prosecutor words to indict him on.
setting up the hildabeast defense: no intention
Another grift for the powers that be.
So far, he’s using the Marion Berry defense of “the b—ch set me up!”
In a nutshell he stole billions of dollars from unwitting people. Received an absolute river of US government money from Ukraine. Funneled that money to DC politicians. And now they will use his corrupt company as evidence that bitcoin needs to be eliminated, or heavily regulated by the US government along with other crypto‘s. And they will use that as the excuse to roll out their federal digital dollar… which in an Orwellian twist they will call “crypto”.
Marion was re-elected…
Isn’t there a limit as to how much money someone can donate to a political party, or is that to one individual candidate?
That money did NOT DISAPPEAR!! It went to CORRUPT DEMOCRATS and obviously to OFF SHORE BANK ACCOUNTS!!!
Exactly!
They donate the money to a PAC which then spends it on behalf of certain candidates.
Liars lie.
They continue to lie.
They lie when they are in prison.
It’s what they do.
He would be pure anti-Democrat gold under oath, using his phrases like:
"by this dumb game we woke westeners play where we say all the right shiboleths and so everyone likes us
All the GOP needs to do to haul him before Congress is, SBF has information on all the other digital ponzi ready to crash, and then get him up there and have him name names for hours.
This could very well be the GOP version of Schmuck's "Indy Mac" letter.
Has he stated how many millions he gave to democratic midterms?
VOX is written for simple-minded Leftists. The same group that watch “The View” and nod their heads like monkeys.
Of course, evil Sam will be portrayed as a good man and Democrat and the market turned against him. Ignores Sam taking investor money and buying condos in the Bahamas for himself, his ugly girlfriend and his workers. Whitewash of Biden, Democrats or Ukraine/Zelensky connection.
Yes, he was elected to D.C. City Counsel after he was released from prison. The ideal D.C. candidate.
Dude should be lawyering up. Displays of willingness to talk does not go over well with the Clinton cabal.
“VOX is written for simple-minded Leftists. The same group that watch “The View” and nod their heads like monkeys.”
Now that’s funny.
So true, but funny nonetheless.
People really think this goofball wasn’t just a front? Dude where’s my 27 billion?
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