FTX founder Sam Bankman-Fried (SBF) reappeared on Substack on Thursday and repeated that he did not “steal funds” in what seemed to be an outline of his legal case. SBF, currently unemployed and under house arrest, has done what seemed like the next natural step: he created a Substack newsletter and charged people $80 a year to subscribe.
In the first post of the aptly-called “SBF’s Substack,” the disgraced former FTX CEO blamed the failure of the cryptocurrency exchange’s subsidiary company Alameda Research on Changpeng Zhao ‘CZ,’ the CEO of Binance.
An extreme, quick, targeted crash precipitated by the CEO of Binance made Alameda insolvent,” SBF added that FTX was affected by the Alameda virus. “and other places.
The two chiefs of the crypto industry have openly sparred over CZ’s part in the FTX issue, which at one time involved a rescue proposal that was ultimately scrapped.
According to SBF’s report on Substack, CZ had conducted an “extremely successful
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