10 ms·

I obviously can’t speak for everyone, but personally, I am much more interested in what he has to say now than I was pre-collapse.

wslh 4y ago
He can say that they were testing a new AI system that failed while they were sleeping...
cypherpunks01 4y ago
All he seems to be able to say is that yes, he did YOLO with customer funds, and he is really sorry and wishes he didn't do that.
- HWR_14 4y ago
  Has he moved on to wishing he didn't do that? I've only heard him say he wished the YOLO worked.
returnInfinity 4y ago
Yes, same. Sorkin says he won't hold back.
- MichaelCollins 4y ago
  This is a huge red flag. Bankman-Fried is acting like the fix is already in. I won't believe this guy is actually going to prison until they slam the iron bars closed behind him.
  - galangalalgol 4y ago
    I doubt any organized crime was using FTX. And if they were, he seems mart enough to pay them back first. But if there was some smallish organization of contraband dealers using FTX and he didn't know? White collar prison isn't his worst case outcome. As said earlier he has bribed the right big fish. But ignoring angry medium fish can be a problem. Also those might not be bribes. It might be a way to launder money into campaign contributions. Not that you really need that in the US now.
  - HWR_14 4y ago
    If you're trusting what SBF is implying about a fix being in, well I have some FTT to sell you. The guy is going to jail. If you want to make a bet on it, I'm willing to do so.
PragmaticPulp 4y ago
Yes, but you also seem to know more about the story than the average person. When SBF lies or gaslights, you can see right through it. Different story for the average listener, who will be listening to most interactions with an open mind and susceptible to whichever person tends to be more charming or persuasive.
- guywithahat 4y ago
  While I have little confidence in the average NYT reader I think people need to be able to make up their own minds, and Sam has an important and relevant perspective which we should be able to take into account, even if he might frame it in a way that makes him look good
  - dontknowwhyihn 4y ago
    He’s a criminal fraudster.
  - largepeepee 4y ago
    It's not like he hasn't been talking or typing. His lawyers probably reckoned he was talking way too much, was too much of a liability and dropped him immediately. The real question is he keeps receiving positive media coverage? They keep trying to frame him as, just a "dumb kid and his friends" that "accidentally misplaced billions" - when in fact, it is pretty obvious he planned most of it, by how his complex corporate structure was and the constant deleting of evidence every step of the way. Not to mention how he gave himself over a billion of personal loans and spending millions on bribes towards the end for hopes of political protection when he knew he was running out of rope to hide his scam.
    - brookst 4y ago
      Not sure where you’re seeing this coordinated effort to frame him positively. Im sure there are some takes like that, but there is also: https://www.wsj.com/articles/ftx-sam-bankman-fried-sit-in-the-crosshairs-of-u-s-prosecutors-11668398012 https://www.wsj.com/articles/ftx-sam-bankman-fried-sit-in-th... https://www.axios.com/2022/11/16/ftx-sam-bankman-fried-incompetence-legal-strategy https://www.axios.com/2022/11/16/ftx-sam-bankman-fried-incom... I’m seeing plenty of critical coverage. Are you really not seeing that?
senthil_rajasek 4y ago
A congressional commitee hearing would accomplish it.
partiallypro 4y ago
I'm not interested at all, going by his Twitter, it will all be complete nonsense. Hopefully he's intercepted by the FBI and finally brought to justice.
kerng 4y ago
Yeah, interviewing is fine but should be police/feds, not a publicity event where he can further his own agenda.

wslh 4y ago

He can say that they were testing a new AI system that failed while they were sleeping...

cypherpunks01 4y ago

All he seems to be able to say is that yes, he did YOLO with customer funds, and he is really sorry and wishes he didn't do that.

HWR_14 4y ago
Has he moved on to wishing he didn't do that? I've only heard him say he wished the YOLO worked.

returnInfinity 4y ago

Yes, same. Sorkin says he won't hold back.

MichaelCollins 4y ago
This is a huge red flag. Bankman-Fried is acting like the fix is already in. I won't believe this guy is actually going to prison until they slam the iron bars closed behind him.
- galangalalgol 4y ago
  I doubt any organized crime was using FTX. And if they were, he seems mart enough to pay them back first. But if there was some smallish organization of contraband dealers using FTX and he didn't know? White collar prison isn't his worst case outcome. As said earlier he has bribed the right big fish. But ignoring angry medium fish can be a problem. Also those might not be bribes. It might be a way to launder money into campaign contributions. Not that you really need that in the US now.
- HWR_14 4y ago
  If you're trusting what SBF is implying about a fix being in, well I have some FTT to sell you. The guy is going to jail. If you want to make a bet on it, I'm willing to do so.

PragmaticPulp 4y ago

Yes, but you also seem to know more about the story than the average person. When SBF lies or gaslights, you can see right through it. Different story for the average listener, who will be listening to most interactions with an open mind and susceptible to whichever person tends to be more charming or persuasive.

guywithahat 4y ago
While I have little confidence in the average NYT reader I think people need to be able to make up their own minds, and Sam has an important and relevant perspective which we should be able to take into account, even if he might frame it in a way that makes him look good
- dontknowwhyihn 4y ago
  He’s a criminal fraudster.
- largepeepee 4y ago
  It's not like he hasn't been talking or typing. His lawyers probably reckoned he was talking way too much, was too much of a liability and dropped him immediately. The real question is he keeps receiving positive media coverage? They keep trying to frame him as, just a "dumb kid and his friends" that "accidentally misplaced billions" - when in fact, it is pretty obvious he planned most of it, by how his complex corporate structure was and the constant deleting of evidence every step of the way. Not to mention how he gave himself over a billion of personal loans and spending millions on bribes towards the end for hopes of political protection when he knew he was running out of rope to hide his scam.
  - brookst 4y ago
    Not sure where you’re seeing this coordinated effort to frame him positively. Im sure there are some takes like that, but there is also: https://www.wsj.com/articles/ftx-sam-bankman-fried-sit-in-the-crosshairs-of-u-s-prosecutors-11668398012 https://www.wsj.com/articles/ftx-sam-bankman-fried-sit-in-th... https://www.axios.com/2022/11/16/ftx-sam-bankman-fried-incompetence-legal-strategy https://www.axios.com/2022/11/16/ftx-sam-bankman-fried-incom... I’m seeing plenty of critical coverage. Are you really not seeing that?

senthil_rajasek 4y ago

A congressional commitee hearing would accomplish it.

partiallypro 4y ago

I'm not interested at all, going by his Twitter, it will all be complete nonsense. Hopefully he's intercepted by the FBI and finally brought to justice.

kerng 4y ago

Yeah, interviewing is fine but should be police/feds, not a publicity event where he can further his own agenda.