This week, former FTX CEO Sam Bankman-Fried (SBF) has made a number of controversial public appearances. Galaxy Digital’s Mike Novogratz is one of the most recent people to criticize the former kingpin of crypto.
On December 1, Mike Novogratz, the CEO of Galaxy Digital, went on a rant against SBF about his interview with Andrew Ross Sorkin at the New York Times annual DealBook Summit on November 30.
After SBF said in the live interview that he had never tried to commit fraud, Novogratz told Bloomberg that SBF was “delusional.”
Related: In a live interview, Sam Bankman-Fried was asked about the fall of FTX.
“It’s kind of strange that his lawyers are letting him talk,” Novogratz said. “After watching two interviews, the word “delusional” kept coming to mind.”
The criticism didn’t stop there. Novogratz agreed with many other well-known people in the cryptocurrency community that the former FTX CEO should go to jail:
“The truth is that Sam and his friends pulled off a scam. People should go to jail because he stole their money.”
Galaxy Digital is one of the companies hurt by the failure of FTX because it owed $76.8 million to the bankrupt company.
The former CEO of FTX also seems to have been in the news a lot in the last few days.
During an interview on Good Morning America on December 1, SBF insisted that FTX was not a “Ponzi scheme,” but rather “a real business.” They also denied knowing that FTX customer deposits were used to pay Alameda’s creditors.
In a recent Twitter Spaces interview with Mario Nawfal, the founder and CEO of IBC Group, SBF said that he didn’t know what was going on with his businesses. When asked what had really happened, he gave very vague answers.
“I, you know, basically don’t have access to most of the data right now,” he said, adding that this was a warning.
Many people thought that SBF was trying to show how unfamiliar he was with what was going on and how little he knew about what was going on.
The co-founder of Kraken, Jesse Powell, also said that SBF didn’t understand how margin trading works.
Ben Armstrong, who made BitBoy Crypto, is thought to have set up his own Twitter Spaces event with SBF, which will take place on December 3.
I’ve never looked at the code for FTX. SBF talks for a long time and openly with a vlogger.
The crypto community, on the other hand, has been very harsh on SBF this week for his confusing answers and refusal to take responsibility.
Related: Exclusive: Bankman Fried’s parents spent $121 million on a home in the Bahamas.
On December 1, Will Clemente, co-founder of Reflexivity Research, said that the NYT interview was painful to watch and that “SBF is clearly talking out of his rear end.” He couldn’t even look at the camera or give a straight answer. He’s just digging himself a deeper hole.
