Unchained The Chopping Block: SBF Wants to Win in the Court of Public Opinion. Will He? - Ep. 428
Dec 3, 2022
The hosts dive into Sam Bankman-Fried’s controversial New York Times interview, dissecting his claims about FTX’s solvency and his understanding of bankruptcy. They unravel the financial troubles of Genesis and BlockFi, discussing potential bankruptcy outcomes and recovery challenges. The chaos in DeFi is examined through a recent attack on Aave, highlighting vulnerabilities in the system. Additionally, the conversation explores the intricate relationship between decentralized finance and the failures of centralized finance, offering insights into the crypto landscape.
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SBF's NYT Interview
- Sam Bankman-Fried (SBF) gave an interview with Andrew Ross Sorkin, repeating prior claims.
- He insisted FTX US and Japan are solvent and expressed confusion about their bankruptcy inclusion.
SBF's Defense
- SBF's defense seems to be that he was unaware of the misuse of funds.
- This lack of knowledge is key in determining criminal versus civil liability.
SBF's Coding Claim
- SBF claimed he couldn't code a backdoor, despite his quant background.
- This contradicts reports of a backdoor used for transferring funds.