Former FTX CEO Sam Bankman-Fried (SBF) has been lambasted this week following a sequence of controversial public appearances, with Galaxy Digital’s Mike Novogratz one of many newest to dish out a lashing to the previous kingpin of crypto.
On Dec. 1, Galaxy Digital CEO Mike Novogratz unleashed a tirade of criticism towards SBF regarding his interview with Andrew Ross Sorkin on the New York Instances annual DealBook Summit on Nov. 30.
Talking to Bloomberg, Novogratz characterized SBF as “delusional” following his declaration within the reside interview that he by no means tried to commit fraud.
“It’s type of shocking that his legal professionals are letting him converse,” Novogratz mentioned earlier than including, “having watched two interviews, the phrase delusional stored coming to thoughts.”
The lambasting didn’t cease there with Novogratz echoing the sentiment from many outstanding figures within the crypto neighborhood that jail time is important for the previous FTX CEO:
“The fact is that Sam and his cohorts perpetuated a fraud. He stole cash from individuals, individuals ought to go to jail.”
Galaxy Digital is among the many victims of the FTX collapse having disclosed a $76.8 million publicity to the bankrupt agency.
The previous FTX CEO additionally seems to be collaborating in a spree of media appearances over the last few days.
During an interview on Good Morning America on Dec. 1, SBF insisted thatFTX was not a “Ponzi scheme” but was “a real business” and denied knowledge of FTX customer deposits being used to pay Alameda’s creditors.
In a recent Twitter Spaces interview with IBC Group founder and CEO, Mario Nawfal, SBF again pleaded ignorance to what was occurring together with his firms. When requested about what truly occurred, his responses had been very imprecise.
“I, you understand, mainly, and I ought to caveat this by saying that I, sadly, don’t have entry to a lot of the knowledge proper now,” he mentioned.
The response was equally vociferous, with many suggesting that SBF was attempting to color an image of his unfamiliarity and ignorance of what was occurring.
Kraken co-founder Jesse Powell additionally referred to as SBF out for misunderstanding how margin buying and selling works.
SBF is totally stuffed with shit about how margin buying and selling works. He is saying that the entire alternate operated on a internet account fairness mannequin and anyone might borrow something (in any quantity?) from consumer funds or from nowhere. That is not the way it ought to work.https://t.co/3k7PkbAHVM
— Jesse Powell (@jespow) December 1, 2022
The creator of BitBoy Crypto, Ben Armstrong is known to havearranged his personal Twitter Areas occasion with SBF, set for Dec. 3.
‘I by no means opened the code for FTX:’ SBF has lengthy, candid speak with vlogger
In the meantime, the crypto neighborhood has roasted SBF this week over his incoherent responses and lack of accountability.
On Dec. 1, Reflexivity Analysis cofounder Will Clemente mentioned the NYT interview was painful to look at, adding, “SBF is clearly speaking straight out of his ass. Cannot give a straight reply and even have a look at the digicam. He is simply digging himself a deeper gap …”
Tags
Share this post:
