Why does this convicted scammer think SBF’s media apology tour is insincere?

Sam Bankman-Fried (SBF), the disgraced founder and former CEO of cryptocurrency exchange FTX, seems to have become an excuse man after his company collapsed last month.

It can be recalled that a few days after the exchange filed for Chapter 11 bankruptcy, SBF sent a letter to his company’s employees expressing how “sorry” he is for making irrational decisions in the face of tremendous pressure.

Then, on Wednesday, through a video message, the former big boss apologized again for numerous mistakes that led to the abrupt implosion of his crypto business.

“I have never tried to defraud anyone. I am deeply sorry for what happened. Clearly I’ve made a lot of mistakes or things that I could give my all to be able to start over,” Bankman-Fried said at the New York Times’ Dealbook conference on Nov. 30.

However, not everyone falls for this act of the former CEO, as some believe he is just preparing his defense for any legal battles he may face in the future.

Former FTX CEO Sam Bankman-Fried. Image: Finews Asia.

Do we need to know one? Scammer thinks SBF is lying

Anna Sorokin, the convicted con artist who made a name for herself defrauding banks and hotels out of hundreds of thousands of dollars in 2019, claims to see through the real SBF game.

“He’s just trying to save himself. It would be his defense if he were to be prosecuted. You can already see the seeds of it,” said Sorokin, referring to the FTX founder’s claim that he did not know that Alameda, the trading arm of the exchange, was overleveraged.

Sorokin went on to say that she believes all the things SBF is saying to the media right now are insincere, calling them “trash” and just part of a plan to cultivate an innocent image.

Sorokin also claims that what Bankman-Fried actually did was a “Ponzi scheme”, flatly rejecting his earlier statement that he was not involved in any sort of fraudulent activity.

Coinbase CEO Brian Armstrong. Image: Forbes.

Coinbase CEO Thinks Former FTX CEO Should Be Detained Now

Meanwhile, Coinbase CEO Brian Armstrong believes there are more than enough reasons for SBF be taken into custody immediately.

Speaking at a crypto summit last week, Armstrong admitted he was puzzled as to why the FTX founder is still unharmed.

“The DOJ or someone should be able to do – just based on his public statements, I think there’s a very open and closed case of fraud,” the Coinbase big boss said, adding that some of the people he’s talked to about this agree. with him.

Armstrong also criticized the media for continuing to refrain from calling SBF “criminal”, saying that at this point there is no longer a need to wait for an indictment or prosecution.

Crypto total market cap at $820 billion on the daily chart | Featured image: Money Review/AP, Chart: TradingView.com

Leave a Comment