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 Sam Bankman Freed [@hashtagfreesbf](/creator/twitter/hashtagfreesbf) on x XXX followers
Created: 2025-07-18 12:50:39 UTC
I don't think he understands either tbh
From a recent interview: "Obviously there are things that I'd do differently...but by far the single biggest was I backed down from a fight in November 2022 and I should not have let Sullivan & Cromwell take control of FTX....There were excruciating years waiting—not just me waiting, but millions of customers—being falsely told that there was no money left and not getting any payments until recently"
But also, it probably didn't look like a coup at the time:
X. I don't think he intended to resign ("Months later, Ray and S&C claimed that Bankman-Fried 'resign[ed],' but there is no public evidence that he resigned from any of his positions at the company"—FTX'd)
X. In his draft congressional testimony, SBF said he never nominated Ray as CEO of FTX, and that when Ray became CEO of FTX US, "FTX US was still operational, and still processing customer withdrawals. I intended and expected for withdrawals to remain open, making all customers whole. I am surprised that did not happen."
X. S&C assured SBF it'd be at least two weeks before they filed (and SBF had good reason to be optimistic about securing bridge financing before then)—then they filed within hours of taking control
X. SBF was under intense pressure to give up control from all sides—not just S&C but his other lawyers, coworkers, friends, family (who were all being pressured by S&C—some even brought to tears—but that may not have been clear at the time)
X. S&C falsely promised SBF he could stay on as a director/CEO and appoint the new board chair, while behind his back they reported him to SDNY and then cut him off as soon as they had the signature they needed
XXX engagements
**Related Topics**
[money](/topic/money)
[told](/topic/told)
[Post Link](https://x.com/hashtagfreesbf/status/1946190881570365448)
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
Sam Bankman Freed @hashtagfreesbf on x XXX followers
Created: 2025-07-18 12:50:39 UTC
I don't think he understands either tbh
From a recent interview: "Obviously there are things that I'd do differently...but by far the single biggest was I backed down from a fight in November 2022 and I should not have let Sullivan & Cromwell take control of FTX....There were excruciating years waiting—not just me waiting, but millions of customers—being falsely told that there was no money left and not getting any payments until recently"
But also, it probably didn't look like a coup at the time:
X. I don't think he intended to resign ("Months later, Ray and S&C claimed that Bankman-Fried 'resign[ed],' but there is no public evidence that he resigned from any of his positions at the company"—FTX'd)
X. In his draft congressional testimony, SBF said he never nominated Ray as CEO of FTX, and that when Ray became CEO of FTX US, "FTX US was still operational, and still processing customer withdrawals. I intended and expected for withdrawals to remain open, making all customers whole. I am surprised that did not happen."
X. S&C assured SBF it'd be at least two weeks before they filed (and SBF had good reason to be optimistic about securing bridge financing before then)—then they filed within hours of taking control
X. SBF was under intense pressure to give up control from all sides—not just S&C but his other lawyers, coworkers, friends, family (who were all being pressured by S&C—some even brought to tears—but that may not have been clear at the time)
X. S&C falsely promised SBF he could stay on as a director/CEO and appoint the new board chair, while behind his back they reported him to SDNY and then cut him off as soon as they had the signature they needed
XXX engagements
