Move over,90年代 ポルノ映画紹介 番組 Twitter Spaces, Sam Bankman-Fried has a new platform to opine on about the collapse of his cryptocurrency empire.
The founder and former CEO of failed crypto exchange FTX, Sam Bankman-Fried, also known as SBF, launched a newsletter via Substack on Thursday. The first and only post at this time, titled FTX Pre-Mortem Overview, is a rundown of SBF's version of events that led to the demise of his company.
This post marks the first time Bankman-Fried has spoken out since his arrestin the Bahamas on Dec. 12. SBF is facing multiple criminal charges, ranging from wire fraud to money laundering.
For those who have listened to the multiple audio interviews that Sam Bankman-Fried gave to crypto influencers on Twitter Spaces prior to his arrest, the details in this post will sound quite familiar. SBF continues to claim that he's unaware of what was going on at his crypto hedge fund, Alameda Research, and the improper transfer and use of customer funds from FTX to Alameda.
The head of Alameda Research at the time was SBF's ex-girlfriend Caroline Ellison, who accepteda plea deal and has agreed to cooperate with prosecutors in the case against Bankman-Fried.
SBF claims that Alameda Research was a victim of downturns in the market and eventually "Alameda’s contagion spread to FTX." SBF cites other recently failed crypto firms, like Celsius and Voyager, in an attempt to show that this was an industry-wide issue and not unique to FTX.
Bankman-Fried also continued to criticize FTX's legal counsel, Sullivan & Cromwell. SBF has maintained that he could have continued to raise liquidity which would have saved FTX from failure and made its customers whole. However, according to the former FTX CEO, Sullivan & Cromwell pressured him to file for Chapter 11 bankruptcy instead.
FTX was once one of the largest crypto exchanges in the world. Shortly before its collapse, FTX was valued at $32 billion. In November, reports from Coindesk and independent crypto investigator Mike Burgersburg revealed that FTX's hedge fund, Alameda Research, appeared to be insolvent. As a result of this news, competing crypto exchange Binance sold off its holdings of FTX's own crypto token, FTT. FTX customers followed, with billions of dollars being withdrawn from the exchange.
This Tweet is currently unavailable. It might be loading or has been removed.
According to the stock website, Unusual Whales, SBF initially launchedhis Substack with a paid subscription, asking readers for either $8 a month, $80 a year, or $150 for a "founding" yearly subscription. The payment plans have since been removed entirely from SBF's Substack.
Bankman-Fried is currently out on a $250 million bond, awaiting trial at his parents' home per the condition of bail.
Topics Cryptocurrency
The March for Science stretched all the way to the North PoleApple Maps follows Google, relabels Gulf of Mexico as AmericaiOS 18.3.1 update patches a physical iPhone exploitHow to survive Valentine's Day when you're heartbrokenWordle today: The answer and hints for February 13, 2025Tax deductions for small business ownersElon Musk changes his name to Harry Bolz on X again. Hundreds of memecoins immediately spring up.NYT Strands hints, answers for February 12Best Samsung TV deal: Save $600 on 55Los Angeles Lakers vs. Utah Jazz 2025 livestream: Watch NBA online Scottish man meets up with random man who shares his name, goes viral Trump reportedly to ban staff from using personal cellphones Fired Google engineer James Damore sues for discriminating white males Donald Trump just confused the word 'consensual' on Twitter Trump name BBC journalists joke about pay gap and Carrie Gracie Surprise: Women watched more porn in 2017 Daughter FaceTimes her dad to tell him her brother pooped on the floor Chrissy Teigen plays 'Stardew Valley' after Twitter users recommend it Gabrielle Union posts powerful #MeToo message during Golden Globes
0.1757s , 9970.2578125 kb
Copyright © 2025 Powered by 【90年代 ポルノ映画紹介 番組】Sam Bankman,Feature Flash