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SBF, Still Clowning Around

12/7/2022—“Coffeezilla” in a call with “SBF” pushed through the myriad “smokescreen” excuses to the main point: FTX commingled funds across different terms of service then withdrew customer deposits and placed them elsewhere. The former CEO has no explanation for this so he gets angry.

About a week ago Good Morning America aired an interview with George Stephanopolous and SBF in which the latter denied wrongdoing while also…admitted not doing his job (“managing risk.”)

The same media which viciously tears into Trump’s every move at every turn ignores this man’s obviously criminal “oopsie.”

“We watched Bankman-Fried, often dressed in shorts and unbecoming garb, grow fat and slovenly under the stress of the bull and bear markets. We saw him make a mockery of Congress, entering the chamber with untied shoes. He was ‘one of us,’ many have said. The pain of FTX’s downfall is more than financial – it’s a personal betrayal.”

“Open secrets were seemingly pushed under the rug. In retrospect, it’s suspicious just how many media projects Bankman-Fried bankrolled….He was someone not just building a reputation, but an aura.”

“Two sources familiar with the matter told Reuters that ex-CEO Sam Bankman-Fried transferred $10 billion of customer funds from FTX to the digital asset trading house, Alameda Research.”

CNBC 11/12/2022

SBF was romantically involved with the CEO of Alameda.
The Guardian 11/19/2022

“With about $8bn still owed to depositors, its collapse has still left many individuals nursing significant losses. Here we speak to some of those retail investors about the huge sums they were unable to withdraw – as much as $110,000 in one case.”

The Guardian 11/19/2022

But earlier this year, on Feb. 24, 2022, “SBF” bragged that he gave $25 apiece (of whose money?) to every Ukrainian who joined his crypto exchange.

The appearance of generosity and good intentions, the reality of irresponsibility and corruption. Sounds about right.

He bragged of using drugs day and night to stay functional, but everyone ignored it because he had the aura of personal wealth and influence.

In praising drug use SBF was like his girlfriend or occasional romantic partner or polyamory friend Caroline Ellison who headed Alameda Research.

The same Maxine Waters who said she would “take Trump out” …

…was warm and gracious to the man responsible for countless people losing unimaginable amounts of their money.

America deserves better.

By Dr. Dannielle Blumenthal (Dossy). All opinions are the author’s own. Public domain.

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