6 Batshit Claims SBF Made in His First Substack Newsletter

Some people , like disgrace crypto mogulSam Bankman - Fried , really just do n’t know when to stop talk . Despite facing eight count of U.S. criminal charges and living under house arrest , SBF , as he ’s often called , decided it was a good time to found aSubstack newssheet .

In his first post Thursday , titled FTX Pre - Mortem Overview , the founding father re - hashed his reading of result that led up to his cryptocurrency exchange ’s meltdown . Though stringent reporting and Union investigating allege SBF may have defrauded more than 9 million customers through a years longsighted web of illegal activity , SBF ’s web log paints a very different picture . In it , the founder tries to build a story where FTX , like so many other crypto house last year , unluckily found itself on the bad - terminal of a digital asset downswing . SBF goes as far to say he could have remedied the situation himself , had he not been hale by FTX ’s legal team to move forward with Chapter 11 bankruptcy proceedings . SBF , who haspleaded not shamefaced , makes no mention of two of his close associates , who didplead guiltyand are already collaborate with the administration ’s ongoing vitrine .

“ The most powerful evidence a prosecutor can have is the defendant ’s own word , and Bankman - Fried is have the government a gift , ” former Union prosecutor Moira PenzatoldThe New York Times “ If I were prosecuting the case , I would want him to keep talking , and if I were defend him I would be telling him to shut out his sass . ”