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Crypto community applauds SBF ’round of apology’




Former FTX CEO Sam Bankman-Fried, aka SBF, is apparently embarking on an apology tour to redeem his image a month after FTX’s sudden crash, which exposed the exchange’s improper use of client and investor funds.

On November 30th Bankman-Fried made his first public appearance on air Since the collapse of FTX – a number of questions answered during the DealBook Summit in New York. In the interview, Bankman-Fried claimed to have “unwittingly mixed funds” between Alameda and clients’ funds at FTX. He said he shared:

“You accidentally mixed up the money. […] I was frankly surprised by the magnitude of Alameda’s position, which indicates yet another failure of oversight on my part and my failure to appoint someone to be primarily responsible for it.”

In another interview that aired on the morning of December 1 on Good Morning America, Bankman-Fried denied any knowledge of the “improper use” of customer funds. According to him, he had no knowledge of FTX customer deposits being used to pay creditors of Alameda Research, Alameda Research CEO Caroline Ellison has claimed.


In Twitter Spaces hosted on December 1 with Mario Noval, IBC Group Founder and CEO, SBF again begged Ignorance of what was happening with his comp. When asked what really happened, his responses were very vague. “I am, you know, basically,” he said, “and I must caution that by saying that I, unfortunately, do not have access to most of the data at the moment.”

After the SBF media round of rejections and apologies, the cryptocurrency community took to social media to express their feelings about it all.

CNN TV host Mary Kathryn Hamm shared her belief that the media was more hostile to Elon Musk than the SBF “supervillain” who lost billions of dollars in “people’s life savings.” Reacting to SBF’s accent in Good Morning America interview with George Stephanopoulos.

Lefteris Karapetsas shared his reaction to the DealBook Summit interview in The New York Times; Man Who Stole $10 Billion, @SBF_FTX Just Interviewed, Almost Victimized And Got An Applause At The End. Still Free And Fine. Aaron Schwartz, Who Downloaded Academic Journals To Share With The World, Receives $1 Million Fine And 35 Years In Prison This led him to commit suicide.”


Bitcoin enthusiast and Twitter account owner “@DU09BTC” also responded to the DealBook Summit interview in the New York Times, saying, “Imagine receiving a round of applause for creating a $10 billion Ponzi game. The world has lost touch with reality.”

A Twitter user with the name “Wall Street Silver” tweeted; SBF: “I expect I won’t have anything at the end of this.” I have no doubt he has $100+ million dollars stashed somewhere. He was borrowing billions for his personal investments. He has several navies. Some of them are not in bankruptcy.”

A developer going by the username @schetty compared SBF’s interview performance to that of accused child killer Casey Anthony. She shared “Watching an SBF interview is kind of like watching Casey Anthony’s documentary. It’s so mechanical, it’s so unoriginal in its delivery. If it feels any emotion at all, it slows people down. The way it’s expressed is a separate subjective matter.”


Related: Former FTX CEO Sam Bankman-Fried denies ‘improper use’ of client funds

next SBF’s final public appearance, Galaxy Digital Mike Novogratz unleashed a barrage of criticism against the former CEOfor his interview with Andrew Ross Sorkin at the New York Times annual DealBook Summit on November 30.

Speaking to Bloomberg, Novogratz Is characterized by SBF as “fictitious” after declaring in the live interview that he never attempted to commit fraud.

Novogratz also echoed the sentiments of many members of the crypto community, calling for jail time for the former FTX CEO, saying:


“The truth is that Sam and his cronies continued to defraud. He stole money from people, people should go to jail.”

Galaxy Digital is among the victims of the FTX meltdown after it revealed a $76.8 million exposure to the bankrupt company.