November 29, 2022 Crypto Supporters and Reporters ‘s Tiffany Fong published an interview with former FTX CEO Sam Bankman-Fried (SBF) that was recorded 13 days before the interview was published. During the interview, SBF discussed who thought he may have hacked FTX, and further denied installing a backdoor to raise funds between FTX and Alameda Research. “I don’t even know how to code,” she stressed to Fong during the SBF conversation. Additionally, the New York Times claims to have obtained numerous emails and texts of her between FTX legal counsel, other management and SBF during the exchange’s collapse.
SBF claims backdoor accusation is “definitely untrue” and likely “poorly labeled accounting”
About two weeks ago, FTX co-founder and former CEO Sam Bankman-Fried (SBF) decided to conduct a phone interview with Tiffany Fongon the phone interview (here and here) was revealed by Fong a few days ago when she published it, and on Tuesday, November 29, 2022, a discussion with SBF was published on Youtube.
“If we make all the right decisions, we won’t be in the situation we found ourselves in,” she said in an SBF chat. “If I had been more careful… I could have done billions of things.” “Management has set up a backdoor for bookkeeping,” he said.
SBF denied the “backdoor” allegation when speaking with her Fong, claiming that she “literally never published FTX’s codebase.” “That’s wrong… I don’t even know how to code,” said the former FTX CEO. SBF said it was not sure exactly what the Reuters article was referring to when it published its article about the backdoor. The SBF, however, said it could have been “improper accounting”, stating: big one.
SBF Discusses ‘Dark’ Donation to GOP to Appease ‘Ultra-Liberal’ Media, FTX Co-Founder Touches FTX Wallet ‘Hack’
During an interview with Fong, he touched on campaign finance in the SBF US and how high-ranking FTX officials donated millions of dollars to US two-party politicians. Widely known that SBF donated to Democrats, the FTX co-founder said he donated to Republicans in the dark to appease the liberal media. “We donated roughly the same amount to both parties,” Bankman-Fried said.
“All my Republican donations were black,” SBF called. told Fong during a conversation on “The reason isn’t for regulatory reasons. It’s because if you donate to Republicans, reporters will freak out. They’re all hyper-liberal and I didn’t want to fight that.
SBF also told Fong that the theories surrounding FTX and Ukraine were false, but said he hoped he was “part of an interesting international conspiracy.” Bankman-Fried also spoke about the hackers who leaked the wallet the same day FTX filed for bankruptcy protection.
FTX’s co-founder believes, “We narrowed it down to about eight people. I don’t know who they were.” SBF told Fong that it was able to acquire a total of $4 billion in capital from unspecified funds “eight minutes” after his exchange filed for bankruptcy protection. Additionally, despite the red flags surrounding his FTT token on FTX and how it is (and still is) held by very few wallets, SBF believes that FTT is being held by many others. I sincerely believed that it was better than the token of
“I think [FTT tokens] are basically more legal than a lot of tokens in some respects,” he explained SBF in his interview with Fong. “It was more financially backed than the average token,” he added.
The report alleges that the SBF “ignored” the warning and was “obsessed with power” until the final moment of relinquishing control of FTX.
Published an interview with the New York Times (NYT), David Yaffe-Bellany, a reporter for thearticle, which yielded “dozens of pages of e-mail and private I picked up a quote from the message. Reportedly, there was “no cooperation” with SBF as long as FTX gave up control of the exchange during its collapse.
The NYT report indicates that FTX’s legal counsel and other management wanted SBF to immediately relinquish its powers and prepare for bankruptcy proceedings. “[SBF] ignored their warnings, clung to power and appeared convinced he could save the company despite mounting evidence to the contrary,” the report said. detailed.
According to another message seen by the NYT, FTX Chief Operating Officer Constance Wang told employees when conditions at the cryptocurrency exchange appeared to be very dire. “I don’t want to stop trying yet,” he said.
Yaffe-Bellany reports that in a group chat with many of her FTX employees, Caroline Ellison, CEO of Alameda Research, said, “Everybody quit or took a vacation.” I’m afraid they might take it,” he said. According to Yaffe-Bellany’s report, FTX officials “pressed Mr. Bankman-Fried’s father to file a lawsuit,” in a private message to her.Joe Bankman
speaking to his father, during a discussion with Tron founder Justin Sun about funding , SBF eventually ceded control to John Jay Ray III. Ray is the new CEO of FTX, overseeing the bankruptcy and restructuring proceedings. The interview with Tiffany Fong followed five days after he relinquished control of the company and FTX filed for bankruptcy protection.
After the interview, Fong said“SBF is expressing remorse in this interview,” said in a separate statement that “we did not expect there to be an impromptu call [with] Sam Bankman- Call Fried. The former FTX CEO will also speak with Andrew Ross and Sorkin at his annual New York Times Dealbook Summit on November 30. , but the report is unconfirmed. FTX co-founder Gary Wang’s whereabouts are currently unknown, and Wang and Ellison have yet to speak to the press.
What are your thoughts on former FTX CEO’s interview with Sam Bankman-Fried and Tiffany Fong? What are your thoughts on the New York Times report that SBF didn’t relinquish control of FTX so easily? Let us know your thoughts on the matter in the comments section below.
Image Credits: Shutterstock, Pixabay, Wiki Commons