Why Isn't Sam Bankman-Fried in Jail?
Bankless
The Psychology of Crypto Scammers
This chapter explores the psychological traits and behaviors of high-profile figures in the cryptocurrency world, particularly focusing on notorious scammers like Sam Bankman-Fried. It discusses the impact of personal and environmental factors on their decision-making processes, alongside the implications for governance and justice in the industry. The conversation invites reflection on the lessons learned from these scandals and the future of trust and integrity within the crypto space.
It's day 20 and SBF still isn't in jail. What gives? Ryan and David give their thoughts on why that may be and how this all might play out.
Also, stay tuned toward the end of the show for a special guest appearance from our boots-on-the-ground Bahamas correspondent to give their take from the belly of the beast.
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------ Timestamps:
0:00 Intro 5:44 SBF to Prison? https://fortune.com/crypto/2022/11/13/could-sam-bankman-fried-go-to-prison-for-the-ftx-disaster/ 9:00 Criminal Misconduct https://twitter.com/RBPFPolice/status/1591864528291221504 10:25 1M Creditors https://www.cnbc.com/2022/11/15/ftx-says-could-have-over-1-million-creditors-in-new-bankruptcy-filing.html 14:21 Alameda Backend https://www.cnbc.com/2022/11/13/sam-bankman-frieds-alameda-quietly-used-ftx-customer-funds-without-raising-alarm-bells-say-sources.html 16:30 SBF Backdoor https://www.reuters.com/markets/currencies/exclusive-least-1-billion-client-funds-missing-failed-crypto-firm-ftx-sources-2022-11-12/ 17:28 Buying Properties https://www.reuters.com/technology/exclusive-bankman-frieds-ftx-parents-bought-bahamas-property-worth-121-mln-2022-11-22/ 18:35 $1B Personal Loan https://www.bloomberg.com/news/articles/2022-11-17/ftx-s-bankman-fried-received-1-billion-loan-from-alameda 19:08 Cashing Out $300M https://www.coindesk.com/business/2022/11/18/sam-bankman-fried-cashed-out-300m-in-previous-funding-round-wsj/ 21:40 NYT Puff Piece https://twitter.com/nytimes/status/1592296341346320384 https://twitter.com/TrungTPhan/status/1592349684471037955 24:15 Liz Hoffman of WSJ https://twitter.com/lizrhoffman/status/1595184595409969153 25:30 Alameda CEO https://twitter.com/Forbes/status/1593615727512227840 26:14 Pandemic Prevention https://www.washingtonpost.com/health/2022/11/16/sam-bankman-fried-ftx-pandemic-prevention/ 27:42 NYT Conference https://www.news.com.au/finance/money/investing/sam-bankmanfried-to-appear-at-new-york-times-conference-despite-ftx-bankruptcy/news-story/2e02d2fd6e584cc5b3148d0f6ba14a2f https://twitter.com/andrewrsorkin/status/1595517635441090565 https://twitter.com/WSBChairman/status/1595512773177446412 https://twitter.com/MattWalshInBos/status/1596130827733188608 https://twitter.com/elonmusk/status/1595591868275826688 33:50 Grants to Media https://twitter.com/teddyschleifer/status/1591191408589017088 https://www.coinage.media/ https://www.youtube.com/watch?v=5g9ycHS0xtU https://techcrunch.com/2022/07/27/ftx-ceo-leads-trustless-medias-seed-round-to-help-build-community-owned-web3-shows/ 41:00 Balaji Thread https://twitter.com/balajis/status/1592661466012061696 50:45 Political Donations https://freebeacon.com/biden-administration/beleaguered-crypto-billionaire-was-hobnobbing-at-white-house-just-six-months-ago/ https://www.livemint.com/market/cryptocurrency/sam-bankman-fried-ftx-team-among-top-political-donors-before-bankruptcy-11669031663161.html https://twitter.com/dankeeler/status/1519780887893790724 https://www.bloomberg.com/news/articles/2022-11-25/ftx-mcconnell-bankman-fried-super-pac-donation https://www.nytimes.com/2022/11/22/business/ftx-sam-bankman-fried-influence.html 51:47 Returning Money https://www.texastribune.org/2022/11/29/beto-orourke-sam-bankman-fried-ftx/ 52:40 ON THE GROUND BAHAMAS CORRESPONDENT 55:25 Psychology Autopsy https://www.nytimes.com/2022/11/15/technology/ftx-sam-bankman-fried-psychiatrist.html 1:05:45 Why Isn't Sam Bankman-Fried in Jail? 1:14:30 Closing & Disclaimers
----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://www.bankless.com/disclosures
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