1 year ago
In a bid of unpublished documents precocious uncovered by The New York Times, Former FTX CEO Sam Bankman-Fried extensively criticized colleagues and associates, expressing his views connected the demise of FTX.
Some 250 pages of documents, not publically available, were initially handed to societal media influencer Tiffany Fong by Bankman-Fried during his play of location arrest.
The Confessions of SBF
After lamenting the information that helium was nether location apprehension and had go “one of the astir hated radical successful the world,” Bankman-Fried went connected to spot blasted connected individuals linked to FTX and Alameda Research arsenic helium described his earlier relationships with them.
Bankman-Fried partially blamed Alameda Research CEO Caroline Ellison, who was besides his romanticist spouse astatine 1 point, for FTX’s collapse. He wrote:
“[Ellison] continually avoided talking astir hazard absorption — dodging my suggestions — until it was excessively precocious … Every clip that I reached retired with suggestions, it conscionable made her consciousness worse. I’m definite that being exes didn’t help.”
He wrote that if Alameda had engaged successful a hedging strategy nether Ellison’s leadership, it “would person remained solvent and prevented the full unhappy story.”
Bankman-Fried besides criticized Alameda Research co-CEO Sam Trabucco. He said that Trabucco was skilled astatine hazard absorption but enactment successful minimal effort and alternatively spent clip traveling and dating. As with Ellison, helium described his idiosyncratic narration with Trabucco positively, detailing their earliest meetings astatine a mathematics campy and attaching a photograph of an “I 
BF” garment that Trabucco had purchased during their precocious schoolhouse days.
Elsewhere, Bankman-Fried criticized FTX’s bankruptcy lawyers. In documents that referenced Christopher Nolan’s 2010 movie Inception, helium claimed that Sullivan & Cromwell had fabricated the now-widespread communicative that helium misappropriated lawsuit funds.
Bankman-Fried additionally described a little gathering with Binance CEO Changpeng Zhao (CZ) during a league successful Taiwan with a enactment atmosphere, writing:
“Tonight was a nighttime astir booze and women and lasers and loud, booming euphony … I walked by CZ a fewer much times, and each clip helium broke oculus interaction with his oculus candy and embraced me: People were reasoning astir us, a lot.”
Binance was not unconnected to FTX’s collapse. Following antagonistic sum of Alameda by CoinDesk connected Nov. 2, 2023, Zhao tweeted connected Nov. 6 that his steadfast would merchantability $2.1 cardinal of FTX-related funds. FTX past entered a liquidity crisis, and Binance announced plans to get and rescue the steadfast earlier abandoning the woody by Nov. 9.
SBF documents are not afloat public
Bankman-Fried’s unpublished documents magnitude to 250 pages of worldly and are not publically available. He initially gave the documents to societal media influencer Tiffany Fong, who visited him portion helium was nether location arrest.
Fong initially received the documents successful January. She yet sent 1 papers to a erstwhile FTX engineer, Aditya Baradwaj, who suggested that Alameda’s hedging practices would not person been important if FTX had not misused lawsuit funds.
Later, Fong sent the documents to The New York Times, which referred to and quoted parts of the documents successful its latest sum of the matter.
Incidentally, Bankman-Fried sent documents related to erstwhile Caroline Ellison to The New York Times successful oregon anterior to July 2023. His determination to stock that accusation led to his bail revocation and existent imprisonment owed to the hazard of witnesser tampering.
The station Sam Bankman-Fried blames friends, colleagues, and lawyers successful unreleased papers cache appeared archetypal connected CryptoSlate.
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