[Feature] SBF “Speaking” Spree Sees No End in Sight

The former CEO of FTX, Sam Bankman-Fried (SBF) strikes again with his words; this time around it was not on his Twitter, it was not in an interview, it was not in a supposedly private message ─ this time, he penned a letter two days ago. In this internal letter sent out over by a current employee on the company’s Slack, an instant messaging programme, he expressed his apologies to the exchange’s employees.

SBF did not, however, ‘address allegations that FTX diverted customer and corporate funds to prop up his Alameda Research, revelations that Alameda had an exemption from FTX’s normal liquidation process or statements that Alameda had loaned funds to FTX officials including himself.’

The letters can be found posted on Twitter by Liz Hoffman, an ex-Senior Reporter at The Wall Street Journal, as well as a Business and Finance Editor at Semafor, a global news company.

He mentioned that he “froze up in the face of pressure…and said nothing.” That was ironic because he said a lot ─ his cryptic Twitter posts, the New York Times interview, VOX interview, and more. When you do piece together everything, it seems like even though much had been said, a lot of important points were missed out or avoided.

In his letter, which you can read below, his apologies were aplenty and detailed what should have been done instead.

Near the end of the letter, SBF pointed out that “and should have known that when shitty things happen to us, we all tend to make irrational decisions…I wish I had listened to those of you who saw and still see value in the platform…” On that note, it is more often than not, a case of should have, could have, would have.