News · moment 16 of 17
Sam Bankman-Fried's Substack Defense
from Flood The Rich | The Tim Dillon Show #331 · #331
3 min
News
Tim reacts to Sam Bankman-Fried starting a Substack to defend himself against FTX collapse allegations, mocking his claims of solvency, and briefly notes Bitcoin's price uptick.
- Sam Bankman-Fried started a Substack to defend himself, claiming FTX's US division was fully solvent and he didn't steal funds.
- Tim critiques Bankman-Fried's Substack approach as boring, suggesting he should make it more entertaining by talking about betrayal instead of just saying things are fine.
- Bankman-Fried's post claims the DOJ arrested him the night before his scheduled House Financial Services Committee testimony, preempting his defense with a different news cycle.
- Tim notes the irony: Bankman-Fried is now admitting on his Substack to a complete failure of corporate controls and absence of trustworthy financial information.
- Logan Paul released a video trying to apologize for the FTX situation, acknowledging he made a mistake promoting it.