Every where I turn, there’s another interview with Sam Bankman-Fried. He’s been chattering away like a chimpanzee on meth to anyone who asks for a few minutes of his time.
Bankman-Fried has spent the past few weeks in his Bahamas estate, giving numerous interviews to reporters and making dozens of social media posts trying to explain how his company went from being one of the biggest and most-respected crypto exchanges to filing for bankruptcy after it could not meet its customers’ withdrawal requests. The company owes its top creditors $3 billion, according to bankruptcy filings, and investigators have sought answers on whether it used customer funds to lend money to Bankman-Fried’s investment arm, Alameda Research.
Bankman-Fried has said he made grave mistakes but has denied any malicious wrongdoing.
Yeah, “mistakes”. Is that what we call gross negligence, incompetence, and profiteering? Sure. “Mistakes.”
All those “mistakes” are adding up to this result: