News

Crypto Community Slams SBF Over Controversial Interview

The former FTX CEO Sam Bankman-Fried’s (SBF) highly contentious interview has not been well received by the cryptocurrency community.

Sam Bankman-Fried and Andrew Ross Sorkin sat together on Nov. 30 at The New York Times’ annual DealBook summit.

“I didn’t ever try to commit fraud on anyone, I was shocked by what happened this month,” was one of the comments that have the crypto community so riled.

He has since been lambasted by those close to the crypto industry who are incensed by what he had to say. On Dec. 1, Gyft and Civic co-founder Vinny Lingham commented:

“The SBF legal strategy is to attempt to characterize fraud as incompetence, in order to stay out of jail.”

Other reactions were equally as vociferous such as Carl Menger’s tweet:

SBF roasting continues

Crypto and blockchain lawyer Jake Chervinsky advised former Alameda executives to contact the Department of Justice.

Meanwhile, Galaxy Digital CEO Mike Novogratz said he would appear on CNBC’s Squawk Box to discuss the interview.

Reflexivity Research cofounder Will Clemente said the interview was painful to watch, adding:

“SBF is clearly talking straight out of his ass. Can’t give a straight answer or even look at the camera. He’s just digging himself a deeper hole and I’m here for it.”

TV personality Kevin O’Leary and hedge fund billionaire Bill Ackman came out in defense of SBF and got lambasted for it. Cinneamhain Ventures partner Adam Cochran called the shots:

“The only people who are praising SBF these days, are those with greedy hunger in their eyes hoping they can latch on for his next big grift.”

Furthermore, SBF, who told staff that FTX could be saved, replied to Ackman, but Cochran was quick to retort:

“You knowingly stole user funds, lent them to a hedge fund that you own the majority of, lied to people about it, gave yourself massive loans and have been more focused on your media appearances than anything else. That’s not a f*ck up. You’ve hurt people beyond repair. So stfu.”

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Annie

Coincu News

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

Recent Posts

Best Altcoins to Buy for 2025: Qubetics Presale Surge, Solana’s Lightning Speed, and Cardano’s Blockchain Revolution

Discover why Qubetics, Solana, and Cardano are redefining the crypto landscape. Learn about milestones, price…

44 minutes ago

Why Qubetics, NEAR Protocol, and IMX Are Dominating Crypto: The Best Altcoins to Join Today for Game-Changing Returns 

Discover why Qubetics, NEAR Protocol, and Immutable X are the best altcoins to join today,…

3 hours ago

Bonk’s ICO Was Just the Start: Why BTFD Coin’s Stage 7 Price Rollback Is Your Second Shot at Crypto Glory

BTFD Coin is offering a chance to relive the glory days of meme coin investing,…

4 hours ago

Decoding BDAG’s AMA: A Blueprint for Scalable Blockchain and Enhanced Community Ties

Explore key takeaways from BlockDAG’s AMA, showcasing strides in scalability, growth of the ecosystem, and…

4 hours ago

Best Cryptos with 1000X Potential: Qubetics Revolutionises Blockchain as Polkadot and Cosmos Shape the Future

Discover why Qubetics, Polkadot, and Cosmos are the best cryptos with 1000X potential, offering innovation,…

8 hours ago

Best Coins to Buy in December 2024: Qubetics Offer 630% ROI, Polkadot Delivers on Interoperability and Near Protocol’s Scalability is Talk of the Town

Explore the best coins to buy in December 2024—Qubetics with its thrilling presale, Polkadot’s interoperability,…

13 hours ago

This website uses cookies.