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According to a NYT article, he was insisting that billions in funding came in 8 minutes after filing for Chapter 11, but of course, couldn't give any details, o
by SilasX 4y ago
According to a NYT article, he was insisting that billions in funding came in 8 minutes after filing for Chapter 11, but of course, couldn't give any details, or any reason why someone would give such funding:
>>In a letter to former colleagues last week, he said he regretted filing for bankruptcy, claiming that “potential interest in billions of dollars of funding came in roughly eight minutes after I signed the Chapter 11 docs.”
>>He presented no evidence for that claim, and in any case, FTX was no longer his company to run.
https://www.nytimes.com/2022/11/29/technology/sam-bankman-fried-ftx-bankruptcy.html https://www.nytimes.com/2022/11/29/technology/sam-bankman-fr...
- mlsu 4y agoWell, I heard that there was a Nigerian royal with a long-lost inheritance -- all he needed was for SBF to have access to the FTX bank account and the funds could have been wired postehaste!
- AnimalMuppet 4y ago"Potential interest". That's not actual money; that's not even "I'm interested in giving you money". That's "I could be interested in giving you money". That plus an actual $6 will get you a cappuccino.
- ChainOfFools 4y agoIt's "i claim to have billions to save you, but due dilly and all. shoot me a zip of all your books records and everything else inside the kimono so I can scoop all the juicy intel on my competitors before the window to exclusive access ro that data shuts."
- SilasX 4y agoGood catch, I was overstating SBF's claim there. Still, knowing his penchant for lying, even that much ("potential" interest) is probably a self-deluded exaggeration.