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:
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.”
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