Elon Musk, Bill Ackman Take aim at FTX’s Sam Bankman Fried: 8 Top Quotations

  • After the collapse of his crypto-exchange, Sam Bankman Fried, founder of FTX is getting criticized. 
  • Industry experts have called him “fraudster” and others even suggested he be sent back to prison. 
  • Here are 8 top quotes from top voices such as Bill Ackman, Elon Musk, and Binance boss CZ.

Former FTX boss Sam Bankman Fried, once seen as crypto’s white knight is now being criticized for his role in the collapse of the digital-asset-exchange he founded.

The implosion of FTX in November has opened a Pandora’s box of problems at the company. This has led to serious fraud allegations highlighted by federal authorities — including questions about how it handled $10 billion of user funds.

Bankman-Fried is being investigated over allegations that he manipulated the crypto marketAnd mishandled customer funds. He has also been accused. orchestrating trades to undermine digital token TetherThat could have led to a crypto crash.

The crypto CEO is currently under fire from all sides, including Bill Ackman and Elon Muskman, as well as Mark Cuban (Shark Tank) investor. Here are 8 opinions from influential figures on the founder of FTX.

Elon Musk is CEO of Twitter, Tesla, SpaceX 

“Let’s just give him an adult timeout in the big house & move on,” Musk said on Twitter, a hint he thinks Bankman-Fried should go to prison

Mark Cuban is a billionaire owner of Dallas Mavericks NBA Team

“I don’t know all the details. But if I were him I would be afraid of going into jail for a long period of time.” “Shark Tank” investor told TMZ.

Brian Armstrong, Coinbase CEO

“It appears that a massive scam was committed. I believe that customer funds were transferred to his hedge fund, which he controlled 90% of. These customer funds were then lost.” Armstrong said in a podcast interview with Stratechery.

The crypto exchange boss stated that he feels like Bankman-Fried has been softball interviewed by mainstream media.

“Even this tweet back-and-forth with Maxine Waters, very politely asking him to attend a hearing, and him politely deferring — it was bizarre,” he said.

“This guy just committed a $10 million fraud, and he is being treated with child gloves?” 

Bill Ackman is the CEO of Pershing Square, a hedge fund. 

“The @FTX_Official fiasco represents, at a minimum,” said SBF in recent public statements. Ackman saidFollow us on Twitter.

The billionaire investor added that he had tweeted earlier appearing to support Bankman-Fried was misinterpreted.

Changpeng “CZ” Zhao, Binance CEO 

“SBF perpetuated a narrative portraying me as the bad guys’.” Zhao said that it was crucial to maintain the fantasy that he was a “hero”. played a big roleFTX went bankrupt and was taken over by a competitor crypto exchange.

He stated that SBF was “one of the greatest fraudsters in human history” and that he was also a master manipulator when he comes to media and key opinion leader. tweeted.

“FTX killed themselves and their users” because they stole billions of dollars in user funds. Period.”

Mike Novogratz, Galaxy Investment Partners CEO

“It was delusional. Let’s be very clear. Sam was delusional regarding what happened and his culpability.” Novogratz said.

The crypto bull believes Bankman Fried will end in jail, but he didn’t act alone.

“They perpetrated a large fraud and it wasn’t just Sam. This can’t be done with one person. 

Anna Sorokin, convicted fraudster 

Sorokin: “It’s Ponzi scheme, what did he do?” told Insider.

Sorokin — a Russian fake heiress whose scamming of the New York elite inspired Netflix’s “Inventing Anna” — thinks Bankman-Fried is being insincere in his media apologies.

“If he were a female, he’d either portray him as a total con, completely inadequate and unfit, or both simultaneously,” she stated. “Now he can play this awkward, nonthreatening and seemingly earnest fellow trying to make things right for the customers.”

But she accepts the former FTX boss’s account of what happened — that he never intentionally misused funds or defrauded anyone — may be true.

“I don’t know which one is worse — that he actually was not in control, or if he’s trying to cover it up now,” she said. “It’s freaking scary if it was so negligent.”

John J. Ray is FTX’s new CEO

Ray stated, “Never in my professional career have I witnessed such a complete failure to corporate controls and such an absence of trustworthy financial data as this.” said in the crypto exchange’s Chapter 11 filing.

Ray, who had previously oversaw the Enron bankruptcy in his 40-year tenure, stated that the situation was unprecedented because of compromised systems integrity and faulty regulation oversight abroad.

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