Sam Bankman-Fried blames ex-girlfriend for FTX collapse in unhinged Twitter interview

Click here to read the full article.

Disgraced former CEO of the collapsing cryptocurrency company FTX, Sam Bankman-Fried (SBF), placed the blame for his personal and FTX’s downfall on his ex-girlfriend and CEO of Alameda Research, Caroline Ellison.

In an interview conducted via Twitter DMs with Vox, SBF said he “thought Alameda had enough collateral to reasonably cover it” in reference to his funneling large sums of money from FTX to Alameda, one of the inciting incidents for the meteoric collapse.

According to the Daily Mail, SBF had an on-again, off-again relationship with Ellison within a “polycule,” or a 10-person polyamorous sexual smorgasbord. Dr. George K. Lerner though, a psychiatrist who advised many of the firm’s employees, said according to the New York Post that the home, full of FTX and Alameda executives that either have or had romantic ties to one another, was a “pretty tame place.”

Ellison had marginal experience in finance when she was elevated to the role of CEO of Alameda in 2021 by SBF, who was the company’s largest shareholder.

$2 billion of FTX customer funds inexplicably vanished last week. At the same time, SBF had a personal net worth of around $16 billion but that reportedly has diminished by 94 percent.

Continue reading here.

Scroll down for comments and share your thoughts!


What do you think?

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

Distraught mother says teachers to blame for her daughter's mastectomy

Idaho police looking for 'Rambo'-style knife after four students murdered