Coinbase CEO: Don’t Believe “FTX Bankruptcy Due To Accounting Error”

Coinbase CEO thinks Sam should be in custody right now and objected to SBF declaring FTX bankrupt because of an accounting error. Brian also emphasized that the large-scale collapse of FTX was a scam, the client’s money was clearly moved into Sam’s hedge fund.

On December 4, Coinbase CEO Brian Armstrong tweeted that no matter how messy SBF’s accounts are or how rich SBF is, he will definitely notice an extra $8 billion in the account. People can’t believe that FTX went bankrupt just because of an accounting error, it’s clear that customer funds have been compromised.

Also in the sharing at the a16z crypto Founder Summit on Tuesday, he said “The DOJ or somebody should be able to make – just based on his public statements, I think there’s a very open and shut case for fraud,”. He thought it was confusing that Sam wasn’t in custody yet.

Armstrong also questioned why the media has refrained from calling Bankman-Fried a criminal. 

“I think we were all pretty shocked to see the scope of the fraud that happened at FTX. And let’s call it a fraud. We have to call it what it actually is. It’s been pretty bizarre that mainstream media hasn’t really come out and said, ‘This guy’s a criminal.’ Maybe they want to wait until he’s actually indicted or something like that, and in custody. But it seems very clear at this point that that’s the case.”

It can be said that the legal force protecting Sam Bankman-Fried is quite strong, or because he grew up in a family with a legal background and political connections, he has come to this point. has not yet been charged with any crime.

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