Sam Bankman-Fried Wraps Up Media Tour as Former FTX President Seeks Funding

Sam Bankman-Fried (SBF) is on a media tour while the former FTX President plans for a new crypto startup. Is SBF trying to improve his image?

The disgraced founder of the FTX exchange has appeared in various interviews and on Twitter spaces with Mario Nawfal, the host of the Crypto Roundtable show. According to the famous YouTuber Ben Armstrong, SBF agreed to a Twitter space with him; he will schedule the space this Saturday. Ben Armstrong says he will do a “huge evidence dump” if SBF does not show up for the space.

SBF first appeared for an interview with the journalist Andrew Ross Sorkin at the Dealbook Summit. He made statements like “I did not knowingly co-mingle funds” during the interview. The crypto community did not took the interview well, and SBF was Lambasted for his controversial remarks.

In a Twitter space with Mario Nawfal, he admitted that customers were not trading actual Bitcoin on the exchange. It was just a fake entry in their account at FTX. Is there a hidden agenda behind these interviews?

Here is the part where SBF admitted (last night) that when customers were buying & selling Bitcoin on FTX, they were not actually trading Bitcoin.

It was just a fake entry in their account at FTX.

Any media want to cover this?

🔊sound …😲

— Wall Street Silver (@WallStreetSilv) December 2, 2022
Is SBF Trying to Stay out of Prison?
SBF’s answers in the interview have sparked controversy in the crypto Twitter, some believe he was telling the truth, whereas others feel these are distraction tactics. The Canadian businessman and Shark Tank fame – Kevin O’Leary also supported the lobby that believes SBF is telling the truth in the interview.

SBF seems to answer the questions in a way that he was not aware of what is happening with FTX. He says he is not sure why the FTX US withdrawals are paused. Vinny Lingham, the seed investor at notable crypto projects like Solana and Filecoin, believes that SBF’s legal strategy is to attempt to characterize fraud as incompetence to stay out of prison. But on the other hand, when Andrew Sorkin asked if SBF’s lawyers suggested him to speak publicly, he responded, “No. They are very much not.”

Ross Sorkin: “What are your lawyers telling you right now? Are they suggesting this is a good idea for you to be speaking?”

SBF: “No. They are very much not.”

— Greg Price (@greg_price11) November 30, 2022
The Former President of FTX Plans to Build a Crypto Startup
The Former FTX US President, Brett Harrison, is trying to raise $6 million for a crypto-focused startup at a valuation of $60 million, according to The Information report. He announced his resignation from FTX on Twitter in late Sept.

The former executive now plans to build a startup focused on building crypto trading software for big investors. The frustrated community tweets he might pull up an FTX 2.0.

Got something to say about Sam Bankman-Fried’s media tour or anything else? Write to us or join the discussion on our Telegram channel. You can also catch us on Tik Tok, Facebook, or Twitter.

For BeInCrypto’s latest Bitcoin (BTC) analysis, click here

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Beware! Scammers hacked an Indian Website with a Fake Azuki NFT Airdrop

You are here: Home / News / Crypto Scam / Beware! Scammers…

Yen falls to ¥135 against the dollar for first time since 2002

Choose your subscription Trial Try full digital access and see why over…

Mark Your Calendar! Ethereum Merger to Began Officially on September 6, 2022

Ethereum Merger is the most awaited event in the crypto space and…

✦ The future of at-home fitness

Hi Quartz members, Looking at Peloton’s performance this year alone, you might…