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Disgraced FTX Co-Founder Awaits Trial, Passes Time Playing Video Games and Blogging on His New Substack Newsletter

Disgraced FTX Co-Founder Awaits Trial, Passes Time Playing Video Games and Blogging on His New Substack Newsletter

The former CEO of FTX, Sam Bankman-Fried (SBF), has published a Substack newsletter on Jan. 12, 2023, and the first post is titled “FTX Pre-Mortem Overview.” In the post, SBF maintains that an “extreme, quick, targeted crash precipitated by the CEO of Binance made Alameda insolvent.” The blog post does not mention the allegations made by his former co-workers, ex-Alameda CEO Caroline Ellison and FTX co-founder Gary Wang. The disgraced former FTX executive also conducted a one-on-one interview at his home in Palo Alto with Puck News reporter Theodore Schleifer.

Former FTX CEO Fights Fraud Charges, Maintains Innocence in New Substack Post

The co-founder of FTX, Sam Bankman-Fried (SBF), has been more vocal in recent times since his arrest and initial court appearances before a Southern District of New York judge. On January 12, 2023, SBF began a Substack newsletter called “SBF’s Substack” and published his first post about the fall of FTX and Alameda Research, the quantitative trading firm that he founded in 2019. In the first blog post, SBF insists that he did not steal any customer funds.

https://t.co/XVd0BPHxEU

— SBF (@SBF_FTX) January 12, 2023

“I didn’t steal funds, and I certainly didn’t stash billions away,” the former CEO of FTX wrote. SBF also emphasized that he did not “run Alameda for the past few years.” He stated that three factors contributed to the fall of FTX and Alameda, including Alameda’s balance sheet swelling and Alameda’s failure to “sufficiently hedge its market exposure.” Additionally, SBF believes that the final nail in the coffin for FTX was driven by Binance CEO Changpeng ‘CZ’ Zhao. In the Substack blog post, SBF said:

In November 2022, an extreme, quick, targeted crash precipitated by the CEO of Binance made Alameda insolvent.

Much of SBF’s Substack blog post is similar to previous interviews he gave before his arrest. There is little new information in the blog post in comparison to what the FTX co-founder said during his media tour in mid-November 2022. While SBF insists that he “didn’t steal funds,” the former FTX executive does not address the allegations made by his former co-workers, ex-Alameda CEO Caroline Ellison and FTX co-founder Gary Wang, who have reported financial misconduct and the commingling of FTX customer funds with Alameda Research starting in 2019.

SBF Reaches Out to New CEO to Lend a Hand But Remains Isolated and Lonely

SBF also mentioned that after transferring FTX US to John J. Ray III, the exchange was still solvent. “It’s ridiculous that FTX US users haven’t been made whole and gotten their funds back yet,” SBF commented in his blog post. The former FTX CEO, who has been disgraced, also discussed his dealings with the new FTX CEO Ray with Puck News reporter Theodore Schleifer. The Puck reporter met SBF at his parents’ home in Palo Alto, California, where SBF greeted him wearing his government-issued ankle bracelet. SBF’s German shepherd “Sandor” was also present at the house.

I wrote the other day that Sam Bankman-Fried believes deeply that the traditional crisis comms textbook is dead.

The decision to release this says it all better than I could. https://t.co/gAVcmy08sK

— Teddy Schleifer (@teddyschleifer) January 12, 2023

Schleifer reported that SBF reached out to the new FTX CEO John Ray “six or seven times” to offer his help. The Puck reporter noted that Ray has “kept his distance” from the former FTX CEO. The interview highlights that SBF is lonely and isolated and he’s “relieved to have regained access to the Internet,” Schleifer reported. The Puck reporter had known SBF before the exchange’s demise as they chatted in the fall of 2020. Schleifer wrote “we were both interested in the effective altruism movement” and they would “text every few months about politics or philanthropy.” The interview was two-and-a-half hours long and SBF discussed his hardship of being a vegan when he was in jail in The Bahamas and eating a lot of peanut butter.

While awaiting his October 3, 2023 trial in the Southern District of New York and facing eight counts of financial fraud and conspiracy charges, SBF continues to play “lots of video games.” According to Schleifer, SBF’s game of choice these days is “Storybrook Brawl,” but the disgraced FTX co-founder does not use his gaming handle or speak with other players. Despite playing video games, “it doesn’t really fully distract from what’s going on,” SBF told Schleifer.

Although Schleifer notes “that there are not many real people for [SBF] to talk to anymore,” the interview does not address the accusations made by Ellison and Wang. The Puck interview briefly mentions that both co-workers have “flipped on [SBF]” and that FTX’s director of engineering, “[Nishad Singh], is expected to do the same.”

What do you think about SBF’s efforts to clear his name? Share your thoughts in the comments below.

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  • 14.10.25 08:46 robertalfred175

    CRYPTO SCAM RECOVERY SUCCESSFUL – A TESTIMONIAL OF LOST PASSWORD TO YOUR DIGITAL WALLET BACK. My name is Robert Alfred, Am from Australia. I’m sharing my experience in the hope that it helps others who have been victims of crypto scams. A few months ago, I fell victim to a fraudulent crypto investment scheme linked to a broker company. I had invested heavily during a time when Bitcoin prices were rising, thinking it was a good opportunity. Unfortunately, I was scammed out of $120,000 AUD and the broker denied me access to my digital wallet and assets. It was a devastating experience that caused many sleepless nights. Crypto scams are increasingly common and often involve fake trading platforms, phishing attacks, and misleading investment opportunities. In my desperation, a friend from the crypto community recommended Capital Crypto Recovery Service, known for helping victims recover lost or stolen funds. After doing some research and reading multiple positive reviews, I reached out to Capital Crypto Recovery. I provided all the necessary information—wallet addresses, transaction history, and communication logs. Their expert team responded immediately and began investigating. Using advanced blockchain tracking techniques, they were able to trace the stolen Dogecoin, identify the scammer’s wallet, and coordinate with relevant authorities to freeze the funds before they could be moved. Incredibly, within 24 hours, Capital Crypto Recovery successfully recovered the majority of my stolen crypto assets. I was beyond relieved and truly grateful. Their professionalism, transparency, and constant communication throughout the process gave me hope during a very difficult time. If you’ve been a victim of a crypto scam, I highly recommend them with full confidence contacting: 📧 Email: [email protected] 📱 Telegram: @Capitalcryptorecover Contact: [email protected] 📞 Call/Text: +1 (336) 390-6684 🌐 Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 18:07 crypto

    Cryptocurrency's digital realm presents many opportunities, but it also conceals complex frauds. It is quite painful to lose your cryptocurrency to scam. You can feel harassed and lost as a result. If you have been the victim of a cryptocurrency scam, this guide explains what to do ASAP. Following these procedures will help you avoid further issues or get your money back. Communication with Marie ([email protected] and WhatsApp: +1 7127594675) can make all the difference.

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

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