There may be a nuanced strategy behind Sam Bankman-Fried's (SBF_FTX) media blitz. But appearing to admit to fraud probably wasn't part of it, CoinDesk Chief Insights Columnist David Z. Morris (davidzmorris) writes. Opinion.
In the Twitter Spaces event on Thursday, Bankman-Fried seemed to admit that when some customers bought bitcoin on FTX, the exchange
The most obvious is that, while Bankman-Fried is defying whatever legal and PR advisers he can still afford to pay, he is nonetheless pursuing a “strategy” of his own devising. Despite the admissions above, he is advancing an obfuscated version of events according to which he wasof anything going on at FTX.
But the more interesting and likely theory is that there is no strategy here at all – just a cornered man following his worst instincts into some very bad decisions. Dan Primack at Axios floated the idea that Bankman-Fried is simply feeling lonely and isolated, is psychologically incapable of handling that and is turning to journalists as surrogate friends.
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