- Documents revealed by the New York Times shed light on Sam Bankman-Fried’s mindset after his arrest.
- In a Twitter thread he never published, SBF called himself “one of the most hated people in the world.”
- The documents also show Bankman-Fried blaming a lack of hedging by Caroline Ellison for Alameda’s collapse.
Disgraced crypto tycoon Sam Bankman-Fried described himself as “one of the most hated people in the world” in new documents reported by the New York Times.
“I’m broke and wearing an ankle monitor and one of the most hated people in the world,” Bankman-Fried wrote in an unpublished draft of a Twitter thread written after he was arrested late last year.
“There will probably never be anything I can do to make my lifetime impact net positive.”
As in the marathon round of media interviews he gave following the rapid collapse of his crypto trading platform FTX, however, Bankman-Fried continued to insist that his intentions were good.
“The truth is that I did what I thought was right,” he wrote in the thread.
The 250-pages of documents were shared with the New York Times by crypto influencer Tiffany Fong.
Interspersed with personal photos and links to songs by Katy Perry and Rihanna, the documents also see Bankman-Fried blame former Alameda Hedge Fund co-CEOs Caroline Ellison and Sam Trabucco for the liquidity shortage that sparked FTX’s collapse.
He wrote that Trabucco was “in the process of quiet quitting” by the time problems with FTX began to emerge, while Ellison, who Bankman-Fried had previously dated, cried during a meeting and was ill-equipped to run the hedge fund.
“She continually avoided talking about risk management — dodging my suggestions — until it was too late,” Bankman-Fried said in the comments reported by the Times.
“Every time that I reached out with suggestions, it just made her feel worse. I’m sure that being exes didn’t help.”
“If Alameda had hedged, it would have remained solvent and prevented the entire unhappy story,” he added in a separate document.
Bankman-Fried is scheduled to go on trial in October, where he will face charges ranging from securities fraud to money laundering. The former crypto tycoon had his bail revoked in August over alleged witness tampering, and is being held in a Brooklyn prison notorious for its poor conditions.
A representative for Bankman-Fried did not immediately respond to a request for comment, sent outside normal US working hours.