Sam Bankman-Fried, formerly of FTX, published a Substack Newsletter on January 12, 2023. The The first post titled “FTX Pre-Mortem Overview” argues “an extreme, rapid and directed crash precipitated by the Binance CEO caused Alameda to become insolvent.” This This post does not address allegations made by former coworkers, former Alameda CEO Caroline Ellison and FTX co-founder Gary Wang. The An Interview with the ex-FTX executive was also conducted at his residence in Palo Alto by Puck News reporter Theodore Schleifer.
Former FTX Co-founder Fights Fraud Accusations in Substack Post
Since Since his first court appearance (SBF), FTX cofounder Sam Bankman-Fried has become more outspoken. Southern District Of New York. On January 12. 2023, SBF launched a Substack Newsletter called “SBF Substack” where he Published his first post about the fall of FTX. Alameda ResearchHe co-founded Quant TradingQuant trading company in 2019: In SBF claims that it didn’t steal client money in the first blog post
https://t.co/XVd0BPHxEU
—SBF (@SBF_FTX) January 12, 2023
“I didn’t pilfer funds, and I certainly didn’t squirrel away billions,” He The former CEO of FTX had previously written. SBF also stated that he did NOT “run Alameda for the last few years.” He Three Factors are responsible for the decline in FTX AlamedaIncludes Alameda’s Balance sheet expansion Alameda’s Inability To “sufficiently hedge its market exposure.” FurthermoreSBF believes the last nail in FTX’s coffin was driven b Binance CEO Changpeng ‘CZ’ Zhao. In The Substack Blog post by SBF
In November 2022. An Extreme, targeted, and quick crash caused by the CEO Binance caused Alameda to become insolvent.
Much SBF’s Substack This His blog post is very similar to the comments he made during interviews prior to his arrest. There The This blog post isn’t as informative as comments made by FTX cofounder during his media tour through middle-America.August.November 2022. While SBF insists that he “did not steal funds,” The former FTX executive did. This This is how he approaches the subject. His Former co-workers, Alameda CEO Caroline Ellison Co-founder of FTX Gary Wanga Client complained about financial misconduct and the misuse of FTX client funds in conjunction with Alameda Research Starting In 2019.
SBF contacts the CEO to seek assistance, but he is still disconnected and isolated.
SBF also reported that SBF was able, after transferring FTX US to FTX AU. John J. Ray III. The Exchange was still solvent. “It’s ridiculous that FTX US users still haven’t recovered and haven’t gotten their funds back,” SBF commented on his Blog. The The Disgraced ex-CEO of FTX also spoke out about his dealings with the new CEO of FTX Ray With The Puck News reporter. Theodore Schleifer