The creating story of FTX and Sam Bankman-Fried is enjoying out like a Netflix documentary with every day being a brand new episode in actual time. Crypto Twitter has alleged that Sam Bankman-Fried was on the run and tried to flee to South America. Others believed he tried to flee to Dubai. Cointelegraph reported that Bahamian authorities have Bankman-Fried and a pair of different executives “beneath supervision.” Reuters reported that they reached out to SBF to ask him through textual content if he left the Bahamas. He stated “Nope”. After mendacity to his followers regularly on Twitter about something pertinent to FTX, it could be very onerous to think about him answering “Sure, I’m on the run”. Increasingly more high-level persons are sharing their experiences with SBF and searching again for any crimson flags, and what they could have missed. Elon Musk took to Twitter to verify a narrative about SBF investing $3 Billion into Twitter. Elon stated that SBF set off his BS detector. As a visitor on the All-In podcast, Brian Armstrong additionally urged one thing was off when he in contrast Coinbase’s revenues to that of FTX however for no matter cause, SBF had considerably more money for donations, company buyouts, and so on.. being heralded within the media because the ‘White Knight’ of Crypto. In his all-in podcast, Chamath Palihapitiya additionally shared his personal expertise with Bankman-Fried, however as an alternative of specializing in SBF, Chamath went deeper into the topic and believes there’s a systemic challenge at hand that must be handled instantly.
Chamath Palihapitiya is a Sri Lankan-born Canadian and American enterprise capitalist, engineer, SPAC sponsor, founder and CEO of Social Capital. Palihapitiya was an early senior govt at Fb, working on the firm from 2007 to 2011. Following his departure from Fb, Palihapitiya began his fund, The Social+Capital Partnership, by means of which he invested in a number of firms, together with Yammer and Slack. He’s a co-host of expertise podcast All In. Chamath has an estimated internet value of round US$1.2 billion, rating him 2,378th within the Forbes checklist of Billionaires 2021.
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“This Is Collapse Manner Greater Than SBF” | Chamath Palihapitiya Reacts to FTX
