Despite the Former FTX CEO’s Media Tour Many Unanswered Questions Remain

Former FTX CEO Sam Bankman-Fried (SBF) has been talking a batch much since his speech collapsed a fewer weeks ago, arsenic he’s spoken astatine the New York Times Dealbook Summit, sat down with Good Morning America big George Stephanopoulos, and precocious conducted an interrogation with New York Magazine. While doing each of these interviews, SBF has revealed precise small and crypto supporters judge SBF is being portrayed arsenic the “boy adjacent door” who simply made a atrocious mistake, and radical are wondering wherefore the FTX co-founder is being treated truthful delicately.

Crypto Community Believes SBF’s Media Tour Is Simply Meant to ‘Clean up His Image,’ Portray Him arsenic the ‘Boy Next Door’ Who Made a Mistake

While Sam Bankman-Fried (SBF) has talked to the New York Times contributor Andrew Ross Sorkin, Good Morning America’s George Stephanopoulos, and New York Magazine’s Jen Wieczner, the crypto assemblage inactive has a batch of unanswered questions. For instance, during his Dealbook conversation, SBF insisted helium “didn’t knowingly co-mingle funds.” SBF apologized to an assemblage question erstwhile they asked wherefore SBF decided to bargain their beingness savings. “I’m profoundly atrocious astir what happened,” SBF explained astatine the Dealbook event.

Watch Mainstream Media intimately and you’ll spot who’s been paid disconnected to marque definite that #SBF has a ace cleanable image.

— David Gokhshtein (@davidgokhshtein) November 23, 2022

After each of SBF’s interviews, the crypto assemblage hasn’t seemed satisfied with the erstwhile FTX executive’s answers, and radical person wondered wherefore he’s being treated similar “the lad adjacent door.” Posts connected societal media amusement radical are disappointed that SBF received a round of applause aft the Dealbook event.

SBF: connected Good Morning America: "I did not cognize that determination is immoderate improper, huh, usage of lawsuit funds."

Better beryllium seen arsenic a clueless, ineffective CEO for the remainder of your beingness than risking prison, amirite?

— Max Boonen (@maxboonen) December 1, 2022

“A fewer months ago, a Bahamian antheral was sentenced to 2 years successful situation for stealing $6 worthy of hotdogs,” 1 idiosyncratic tweeted. “SBF is simply a con antheral who stole billions of dollars from millions of customers successful a humanities fraud. He is presently connected a firm media tour, receiving sympathy, praise, [and] applause.”

A antheral who stole $10B, @SBF_FTX conscionable got interviewed, portrayed astir arsenic a unfortunate and got an applause astatine the end

Still escaped and fine.

Aaron Swartz, who downloaded world journals to stock with the satellite got $1m successful fines and 35 yrs successful prison. This pb him to instrumentality his ain life

— Lefteris Karapetsas | Hiring for @rotkiapp (@LefterisJP) November 30, 2022

So far, SBF has blamed his misfortunes connected “poorly-labeled accounting” practices, and the information that helium doesn’t cognize however to code. While helium stressed that helium “didn’t knowingly co-mingle funds,” radical acquainted with the substance said SBF “lent billions of dollars worthy of lawsuit assets to money risky bets” utilizing his quantitative trading steadfast Alameda Research.

Other reports enactment that Alameda Research bought a comparatively chartless over-the-counter (OTC) table “to grip FTX banking.” Speaking with New York Magazine, SBF was asked what happened to the $10 cardinal successful lawsuit assets that were seemingly lost.

It's truly existent that SBF is doing media rounds to large applause. I thought the Hunger Games was implausible fiction. And yet present we are.

— Jeffrey A Tucker (@jeffreyatucker) December 1, 2022

“We should person had mode amended accounting successful place,” SBF replied during his interrogation with Jen Wieczner. “We should person had mode amended controls successful place.” He besides elaborate that accounting mistakes were made astatine a clip backmost “when FTX didn’t person slope accounts.” He noted that Alameda had a sizable borderline position, and 1 that “was not going to beryllium closable successful a liquid mode successful bid to marque bully connected its obligations.”

Alameda’s borderline got immense by the mediate of 2022 helium said, and it went from a “somewhat risky position” to simply “a presumption that was mode excessively large to beryllium manageable during a liquidity crisis, and that it would beryllium earnestly endangering the quality to present lawsuit funds.”

SBF connected Good Morning America 12/1/2022 saying helium knew funds were being transferred to Alameda pic.twitter.com/uePr8kqxE9

— Yeah Bro Mike (@YeahBroXRP) December 1, 2022

SBF claims Alameda’s atrocious bets did not impact Terra’s LUNA, but they did hap astir astir the aforesaid clip frame. As acold arsenic the mediocre accounting that took place, portion FTX could not get a slope account, someway a important indebtedness presumption tricked the enforcement and the “effective presumption was billions of dollars bigger than it appeared to be.”

Similar to the NYT Dealbook event, SBF said 1 occupation was that Alameda was not nether his control, and helium had not operated the institution successful years. Often times successful SBF’s interviews, helium forgets the information that FTX, the token FTT, and Alameda Research person lone been astir since 2019. While speaking with Wieczner SBF said:

The occupation was that Alameda had gotten leveraged. And Alameda is not, like, a institution that I show day-to-day. It’s not a institution I run. It’s not a institution I person tally for the past mates [of] years.

SBF told the Dealbook lawsuit assemblage that his steadfast realized that things were going downhill connected Nov. 6, but the erstwhile FTX CEO hasn’t explained what happened to the $333 cardinal successful BTC that vanished betwixt Nov. 6 and Nov. 7, 2022. SBF has not elaborate wherefore customers were repeatedly told their assets would beryllium good if they did not utilize borderline positions, and wherefore Alameda and FTX were truthful close, contempt SBF insisting that they were abstracted entities.

To this day, determination are inactive galore unanswered questions and radical judge SBF’s media circuit is being leveraged to clean up his image. It seems that saying “sorry” implicit and over, and implicit again, is conscionable not cutting the mustard and the crypto assemblage inactive wants hard answers from the now-disgraced crypto speech frontman. However, the assemblage doesn’t judge they volition get specified answers from SBF’s existent media tour.

What bash you deliberation astir SBF’s media circuit and however he’s answered immoderate of the questions he’s been asked astir FTX’s collapse? Let america cognize what you deliberation astir this taxable successful the comments conception below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This nonfiction is for informational purposes only. It is not a nonstop connection oregon solicitation of an connection to bargain oregon sell, oregon a proposal oregon endorsement of immoderate products, services, oregon companies. Bitcoin.com does not supply investment, tax, legal, oregon accounting advice. Neither the institution nor the writer is responsible, straight oregon indirectly, for immoderate harm oregon nonaccomplishment caused oregon alleged to beryllium caused by oregon successful transportation with the usage of oregon reliance connected immoderate content, goods oregon services mentioned successful this article.