‘One of the Most Hated People in the World’: Sam Bankman-Fried’s 250 Pages of Justifications

Peaces@infosec.pub to Technology@beehaw.org – 35 points –
‘One of the Most Hated People in the World’: Sam Bankman-Fried’s 250 Pages of Justifications
nytimes.com

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https://ghostarchive.org/archive/nvDPA

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He's not even on the same planet of people I hate. Stealing from rubes is less harmful to society than taking away basic human rights that the collective of the world's conservative party sponsored by corporations. They just don't like it when you steal from them.

For someone who got caught covering one mistake by making another massive and illegal one, he doesn’t seem particularly mean or spiteful— however, considering the wave of financial destruction he wrought, his self-rationalizations seem especially lame. He had 8 months to write what turns out to be a very long load of bullshit, adolescent finger-pointing. It all sounds incredibly pathetic, but, in this incredibly cynical world, it’s kinda refreshing to see a guy like this go down without finding out that he’s also a rapist or Nazi or something. He was just arrogant and refuses to accept blame.

Enjoy prison, ya bozo.

🤖 I'm a bot that provides automatic summaries for articles: ::: spoiler Click here to see the summary After Mr. Bankman-Fried was arrested, charged with fraud over FTX’s collapse and placed in home detention in December, he wrote hundreds of pages of sometimes rambling self-justifications, ranging from childhood memories to mathematical calculations.

In a draft of his unsent posts, which he formatted as a series of tweets spanning roughly 70 typed pages, he criticized some of his closest colleagues, interspersing his arguments with photos from his high school years and stock images of popcorn and a garden maze.

The roughly 250 pages of documents, which have not been previously reported, provide a window into Mr. Bankman-Fried’s mind-set during the eight months he spent in home detention before a judge revoked his bail in August.

He described her as ill equipped for the job he gave her as head of Alameda, claiming she had cried during a meeting with him and refused to institute trading strategies that would have protected his businesses from a market crash.

In another section, Mr. Bankman-Fried posted a link to a document he wrote in 2019, “Tonight We Are Young,” an account of a conference in Taiwan where he interacted with Changpeng Zhao, known as CZ, the founder of the Binance crypto exchange.

Mr. Bankman-Fried was only half-engaged, he wrote, but had heard enough to realize that the conversation centered on an account labeled fiat@ — the vehicle that regulators have said FTX executives used to redirect customer funds into other projects.


Saved 85% of original text. :::