Sam Bankman-Fried cracked on his apology tour and may have handed prosecutors a gift. KevinTDugan writes
Well, what’s the point?
” she said. “It’s partly, probably like, Sam talking a lot about it in the context of Serum and stuff made me realize,” . This makes sense because Bankman-Fried owned about 90 percent of Alameda — meaning that 90 cents out of every dollar in profit went to him. As others haveI think it’s unlikely that Bankman-Fried is done answering questions about the nature of his relationship with Ellison, whether he wants to or not. Take this in from Ellison’s perspective.
Ellison hasn’t been making the media circuit like her former boss and former boyfriend in recent weeks, but her words still loom large in the entire affair. According to, she told employees in a video call that she, Bankman-Fried, Singh, and Wang all knew that FTX’s customer deposits were being used by Alameda — a potentially fraudulent commingling of funds that’s at the very heart of what will happen next to these traders. But there was a tellinghost pressed Bankman-Fried on this.
Bankman-Fried appears to stare at the floor. Five seconds go by. “I did not know that there was any improper, uhh, use of customer funds,” he said. Clearly Bankman-Fried was not under oath. But one day, he may be, and he may have to answer that very question. I doubt he’ll give the same answer.Daily news about the politics, business, and technology shaping our world.
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