Sam Bankman-Fried Blames One-Armed Man for FTX Collapse During NY Times Summit
NEW YORK - Andrew Sorkin of the New York Times interviewed former FTX CEO Sam Bankman-Fried at the DealBook Summit this week. During his appearance at the summit, Sam Bankman-Fried stunned reporters when he blamed a man with a prosthetic arm for the collapse of both FTX and Alameda Research.
To gasps and murmurs, Sam Bankman-Fried began his appearance at the annual summit by yelling “When I came home to my Bahamian villa, there was a man in my house. I fought with this man. He had a mechanical arm. You find this man! You find this man!”
Amidst the controversy surrounding the collapse of both FTX and Alameda Research, Sam Bankman-Fried has taken the unconventional step of speaking on the record to the Times, Vox, and even in Twitter spaces. His decision to seek an interview at a major news conference the day before a Senate hearing on FTX’s collapse has been seen by many legal experts as foolish.
During the much-publicized event, luminaries such as Ben Affleck, Secretary Janet Yellen and humanoid Mark Zuckerberg were among those that sat in stunned silence as Sam Bankman-Fried continued to describe the vast conspiracy that led to the collapse of his exchange.
“The one-armed man, he switched the dashboards, he switched the dashboards to make it look like we were solvent!” Sam yelled passionately to the room.
Sam Bankman-Fried has previously stated he was not looking at Alameda's positions on FTX, rather he had focused his energy on FTX’s trading volume & the construction of a Harry Potter themed castle for his ex-girlfriend Caroline Ellison. FTX's internal dashboards displayed incorrect data, which Bankman-Fried blamed on a man with a prosthetic arm who has yet to be identified.
Unfortunately, due to the complete lack of a human resources department or any internal controls at either FTX or Alameda Research, there are no records of who this one-armed man might be, though it is assumed he had access to all aspects of FTX and the custodying of its cryptocurrency.
This was not the first unusual statement Sam has made on the topic of the FTX collapse. When pushed on a recent interview with CNBC regarding the commingling of funds Sam exclaimed “I didn’t knowingly commingle funds or break any laws, sometimes sh*t just happens when you are zonked out on adderall & managing a harem of nerds” before acknowledging that “I am honestly not sure who's been running either FTX or Alameda Research this last year, I’ve been busy with other stuff and for that I apologize.”
There are still many unanswered questions around how much Bankman-Fried knew about the insolvency and fraud taking place within FTX and Alameda Research and his level of involvement. Though the whereabouts of the one-armed man are still unknown, experts suspect that locating the culprits behind this vast conspiracy will likely involve Bankman-Fried leaping over the edge of a spillover above a dam and later escaping into a St. Patrick’s Day Parade to evade law enforcement before ultimately identifying the real parties behind the FTX & Alameda collapse.
Bankman-Fried’s lawyer, Greg Joseph, a former president of the American College of Trial Lawyers, did not respond to Daily Sybil when asked whether or not he was advising his client on these public appearances. Greg Joseph did note that they are offering a $100,000 reward for information leading to the identification & arrest of the one-armed man.