Sam Bankman-Fried Launches a Substack

&gt;I believe that, had FTX International been given a few weeks, it could likely have utilized its illiquid assets and equity to raise enough financing to make customers substantially whole.”<p>I haven&#x27;t really been following this because I think crypto is one of the dumbest fucking ideas a human being has ever come up with, but isn&#x27;t the above quote just describing a ponzi scheme without using the word ponzi?<p>Like, what do the people who cover the losses of the ponzi-schemed customers get, promises of more rounds of fundraising to cover THEIR inevitable future losses?

How does this guy have two parents who are law professors and do things like this? And his various interviews!<p>No lawyer would tell him that’s a good idea. Just shut up! Maybe he’s still in his rebellious-teenager, parents-are-always-wrong phase?<p>If on the other hand he knows there’s no way to avoid serious time he should just plead guilty and go for the best deal he can get!<p>This is so mystifying.

He’s a serial liar at this point nothing he says means anything.

This guy is eating his own crap and still spitting it out. Be done, mate.

Hopefully he can find a way to keep it updated from prison.

Apology and pity stack - Bernie and Martha at least took the hit.

<a href="https:&#x2F;&#x2F;sambf.substack.com&#x2F;" rel="nofollow">https:&#x2F;&#x2F;sambf.substack.com&#x2F;</a>

This attention seeking behavior is really bizarre. SBF clearly has some sort of personality disorder.

My budget spreadsheets are so much more complex than his multi billion business spreadsheets it’s almost unfathomable.