Sam Bankman-Fried (SBF), the former CEO of FTX, made a series of public appearances this week. Many players in the crypto sector have criticized these appearances, considered by some to be a provocation. After all, the former head of the bankrupt exchange is suspected of bringing about the collapse of his business through mismanagement. In this context, some argue that SBF should no longer be a free man.
Galaxy Digital CEO suspects SBF of fraud
On November 30, SBF did an interview with Andrew Ross Sorkin during the New York Times annual DealBook Summit. The CEO of Galaxy Digital saw this interview with a very bad eye. To this end, he criticized a lot SBF the day after his interview. Interviewed on December 1 by Bloomberg, Novogratz indicated that SBF is a man “delusional “.
He was then referring to Sam’s comments that he never attempted to commit fraud. According to the CEO of Galaxy Digital, “it is quite surprising that his lawyers let him speak”.“After watching two interviews, the word “delusional” kept coming to mind.», added Novogratz.
Does Bankman-Fried deserve jail time?
According to the CEO of Galaxy Digital, the former CEO of FTX should not be a free man. “The reality is that Sam and his cohorts perpetrated a fraud. They stole money from people, they should go to jail“, did he declare. It must be said that in the crypto community, many personalities want to see the former leader behind bars. Note that Galaxy Digital is one of the many victims of the collapse of FTX.
The company had disclosed its exposure to the bankrupt exchange. This was $76.8 million. Moreover, SBF has repeatedly maintained that it had no knowledge of the malfeasance within its company. According to him, FTX has always been a real business and not a Ponzi scheme.
Lately, SBF has been making media appearances to indicate that he has no knowledge of what is going on inside FTX. He claims he was unaware that customer deposits were being used to repay Alameda creditors. “I must specify that unfortunately I do not have access to most of the data at the moment“, he said. But, for the crypto community, especially investors, it is obvious that the former CEO of FTX is lying.
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