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?
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.”
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.
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