Disgraced FTX Co-Founder Awaits Trial, Passes Time Playing Video Games and Blogging on His New Substack Newsletter

The erstwhile CEO of FTX, Sam Bankman-Fried (SBF), has published a Substack newsletter connected Jan. 12, 2023, and the archetypal station is titled “FTX Pre-Mortem Overview.” In the post, SBF maintains that an “extreme, quick, targeted clang precipitated by the CEO of Binance made Alameda insolvent.” The blog station does not notation the allegations made by his erstwhile co-workers, ex-Alameda CEO Caroline Ellison and FTX co-founder Gary Wang. The disgraced erstwhile FTX enforcement besides conducted a one-on-one interrogation astatine his location successful Palo Alto with Puck News newsman Theodore Schleifer.

Former FTX CEO Fights Fraud Charges, Maintains Innocence successful New Substack Post

The co-founder of FTX, Sam Bankman-Fried (SBF), has been much vocal successful caller times since his arrest and archetypal court appearances earlier a Southern District of New York judge. On January 12, 2023, SBF began a Substack newsletter called “SBF’s Substack” and published his first post astir the autumn of FTX and Alameda Research, the quantitative trading steadfast that helium founded successful 2019. In the archetypal blog post, SBF insists that helium did not bargain immoderate lawsuit funds.

https://t.co/XVd0BPHxEU

— SBF (@SBF_FTX) January 12, 2023

“I didn’t bargain funds, and I surely didn’t stash billions away,” the erstwhile CEO of FTX wrote. SBF besides emphasized that helium did not “run Alameda for the past fewer years.” He stated that 3 factors contributed to the autumn of FTX and Alameda, including Alameda’s equilibrium expanse swelling and Alameda’s nonaccomplishment to “sufficiently hedge its marketplace exposure.” Additionally, SBF believes that the last nail successful the coffin for FTX was driven by Binance CEO Changpeng ‘CZ’ Zhao. In the Substack blog post, SBF said:

In November 2022, an extreme, quick, targeted clang precipitated by the CEO of Binance made Alameda insolvent.

Much of SBF’s Substack blog station is akin to erstwhile interviews helium gave earlier his arrest. There is small caller accusation successful the blog station successful examination to what the FTX co-founder said during his media tour successful mid-November 2022. While SBF insists that helium “didn’t bargain funds,” the erstwhile FTX enforcement does not code the allegations made by his erstwhile co-workers, ex-Alameda CEO Caroline Ellison and FTX co-founder Gary Wang, who person reported fiscal misconduct and the commingling of FTX lawsuit funds with Alameda Research starting successful 2019.

SBF Reaches Out to New CEO to Lend a Hand But Remains Isolated and Lonely

SBF besides mentioned that aft transferring FTX US to John J. Ray III, the speech was inactive solvent. “It’s ridiculous that FTX US users haven’t been made full and gotten their funds backmost yet,” SBF commented successful his blog post. The erstwhile FTX CEO, who has been disgraced, besides discussed his dealings with the caller FTX CEO Ray with Puck News newsman Theodore Schleifer. The Puck newsman met SBF astatine his parents’ location successful Palo Alto, California, wherever SBF greeted him wearing his government-issued ankle bracelet. SBF’s German shepherd “Sandor” was besides contiguous astatine the house.

I wrote the different time that Sam Bankman-Fried believes profoundly that the accepted situation comms textbook is dead.

The determination to merchandise this says it each amended than I could. https://t.co/gAVcmy08sK

— Teddy Schleifer (@teddyschleifer) January 12, 2023

Schleifer reported that SBF reached retired to the caller FTX CEO John Ray “six oregon 7 times” to connection his help. The Puck newsman noted that Ray has “kept his distance” from the erstwhile FTX CEO. The interrogation highlights that SBF is lonely and isolated and he’s “relieved to person regained entree to the Internet,” Schleifer reported. The Puck newsman had known SBF earlier the exchange’s demise arsenic they chatted successful the autumn of 2020. Schleifer wrote “we were some funny successful the effectual altruism movement” and they would “text each fewer months astir authorities oregon philanthropy.” The interrogation was two-and-a-half hours agelong and SBF discussed his hardship of being a vegan erstwhile helium was in jailhouse successful The Bahamas and eating a batch of peanut butter.

While awaiting his October 3, 2023 proceedings successful the Southern District of New York and facing 8 counts of fiscal fraud and conspiracy charges, SBF continues to play “lots of video games.” According to Schleifer, SBF’s crippled of prime these days is “Storybrook Brawl,” but the disgraced FTX co-founder does not usage his gaming grip oregon talk with different players. Despite playing video games, “it doesn’t truly afloat distract from what’s going on,” SBF told Schleifer.

Although Schleifer notes “that determination are not galore existent radical for [SBF] to speech to anymore,” the interrogation does not code the accusations made by Ellison and Wang. The Puck interrogation concisely mentions that some co-workers person “flipped connected [SBF]” and that FTX’s manager of engineering, “[Nishad Singh], is expected to bash the same.”

What bash you deliberation astir SBF’s efforts to wide his name? Share your thoughts successful the comments below.

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