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The former CEO of FTX, Sam \u201cSBF\u201d Bankman-Fried, has seemingly begun to embark on an apology tour to redeem his image a month after the sudden implosion of FTX, which revealed that the exchange had been improperly using customer and investor funds.\u00a0<\/p>\n
OnNov. 30, Bankman-Fried made his first live public appearance<\/a> since the collapse of FTX \u2014 answering a number of questions during the DealBook Summit in New York. During the interview, Bankman-Fried claimed to have \u201cunknowingly commingled funds\u201d between Alameda and customer funds at FTX. He shared:<\/p>\n \u00a0\u201cI unknowingly commingled funds. […] I was frankly surprised by how big Alameda\u2019s position was, which points to another failure of oversight on my part and failure to appoint someone to be chiefly in charge of that.\u201d<\/p><\/blockquote>\n In another interview with Good Morning America<\/em> that aired on Dec. 1, Bankman-Fried denied any knowledge<\/a> of the \u201cimproper use\u201d of customer funds. According to him, he had no knowledge of FTX customer deposits being used to pay Alameda Research\u2019s creditors, as claimed by former Alameda Research CEO Caroline Ellison.<\/p>\n In a Twitter Space hosted on Dec. 1 with IBC Group founder and CEO Mario Nawfal, SBF once again pleaded<\/a> ignorance about what was occurring with his companies. When asked about what actually happened, his responses were very vague.\u00a0\u201cI, you know, basically, and I should caveat this by saying that I, unfortunately, don\u2019t have access to most of the data right now,\u201d he said.<\/p>\n Following SBF\u2019s denial and media apology tour, the crypto community has taken to social media to express their sentiments about it all.<\/p>\n Mary Katharine Ham, a CNN contributor, shared that she thought the media had been more hostile to Elon Musk than to the \u201csupervillain\u201d SBF, who lost billions of dollars of \u201cpeople\u2019s life savings.\u201d \u201cThe tone is pretty astonishing,\u201d she said in reaction to SBF\u2019s Good Morning America <\/em>interview with George Stephanopoulos.<\/p>\n This says “supervillain,” but he’s not being treated like a supervillain. Media is more hostile to Musk for spending his own money than to SBF for losing a couple billion in people’s life savings. The tone is pretty astonishing. https:\/\/t.co\/BiPhWfW0rJ<\/a><\/p>\n \u2014 Mary Katharine Ham (@mkhammer) December 1, 2022<\/a><\/p><\/blockquote>\n In reaction to the NYT\u2019s DealBook Summit interview,\u00a0Lefteris Karapetsas shared: \u201cA man who stole $10B, @SBF_FTX just got interviewed, portrayed almost as a victim and got an applause at the end. Still free and fine. Aaron Swartz, who downloaded academic journals to share with the world got $1m in fines and 35 yrs in prison. This lead him to take his own life.\u201d<\/p>\n A man who stole $10B, @SBF_FTX<\/a> just got interviewed, portrayed almost as a victim and got an applause at the end<\/p>\n Still free and fine.<\/p>\n Aaron Swartz, who downloaded academic journals to share with the world got $1m in fines and 35 yrs in prison. This lead him to take his own life<\/p>\n \u2014 Lefteris Karapetsas | Hiring for @rotkiapp (@LefterisJP) November 30, 2022<\/a><\/p><\/blockquote>\n Bitcoin (BTC<\/a>) enthusiast Duo Nine also reacted to NYT\u2019s DealBook Summit Interview, saying, \u201cImagine receiving a round of applause for creating a 10 billion dollar ponzi. The world has lost touch with reality.\u201c<\/p>\n Imagine receiving a round of applause for creating a 10 billion dollar ponzi. <\/p>\n The world has lost touch with reality. #SBF<\/a> #FTT<\/a> #FTX<\/a> pic.twitter.com\/UrNYRfpTsA<\/a><\/p>\n \u2014 Duo Nine | discord.gg\/ycc (@DU09BTC) December 1, 2022<\/a><\/p><\/blockquote>\n Twitter user Wall Street Silver shared; \u201cSBF: \u2019I expect I’m gonna have nothing at the end of this.\u2019 I have no doubt that he has $100+ million tucked away somewhere. He was ‘borrowing’ billions for his personal investments. He has many offshore holding corps. Some of which are NOT in bankruptcy.\u201d<\/p>\n SBF: I have no doubt that he has $100+ million tucked away somewhere. He was “borrowing” billions for his personal investments. He has many offshore holding corps. Some of which are NOT in bankruptcy.pic.twitter.com\/H2nvelTiJ1<\/a><\/p>\n \u2014 Wall Street Silver (@WallStreetSilv) December 1, 2022<\/a><\/p><\/blockquote>\n Twitter user and developer Naomi compared SBF\u2019s interview to that of accused child murderer Casey Anthony. She shared, \u201cWatching SBF\u2019s interview is kind of like watching Casey Anthony\u2019s documentary. They\u2019re so mechanical, they\u2019re so inauthentic in their delivery. If you feel any emotion, at all, it slows people down. The way it is expressed is a separate subjective matter.\u201d<\/p>\n watching SBF’s interview is kind of like watching Casey Anthony’s documentary. They’re so mechanical, they’re so inauthentic in their delivery. If you feel any emotion, at all, it slows people down. The way it is expressed is a separate subjective matter.<\/p>\n \u2014 naomi (,) (@schetty) December 2, 2022<\/a><\/p><\/blockquote>\n Related:\u00a0<\/em><\/strong>Former FTX CEO Sam Bankman-Fried denies \u201cimproper use\u201d of customer funds<\/em><\/strong><\/a><\/p>\n Following <\/em><\/strong>SBF\u2019s recent public appearances, Galaxy Digital\u2019s Mike Novogratz unleashed a tirade of criticism toward\u00a0the former CEO<\/a>\u00a0over\u00a0his DealBook Summit interview.<\/p>\n Speaking to Bloomberg, Novogratz characterized SBF as \u201cdelusional\u201d following his declaration in the live interview that he never tried to commit fraud.<\/p>\n Novogratz also echoed sentiments from many members of the crypto community in calling for jail time, saying:<\/p>\n \u201cThe reality is that Sam and his cohorts perpetuated a fraud. He stole money from people, people should go to jail.\u201d\u00a0<\/p><\/blockquote>\n Galaxy Digital is among the victims of the FTX collapse, having disclosed a $76.8 million exposure to the bankrupt firm.<\/p>\n<\/div>\n\n
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“I expect I’m gonna have nothing at the end of this.”<\/p>\n\n