The idea of a federal jail cell might be starting to soak into the curly-haired former CEO of FTX Sam Bankman-Fried, as he continues to hang out in the Bahamas after the epic collapse of his crypto company.
He, or someone who wrote it for him, sent a letter full of sorrow to former employees, whom he referred to as his “family.”
CoinDesk first published the letter, and it’s a doozy from the mad spending goof who was finally exposed for what he was.
Here are some of the highlights. Grab a box of tissues if you can. You may need them.
‘I didn’t mean for any of this to happen, and I would give anything to be able to go back and do things over again. You were my family. I’ve lost that, and our old home is an empty warehouse of monitors. When I turn around, there’s no one left to talk to.”
He also stated in the letter that he regrets declaring bankruptcy because he felt he could have raised enough money to keep his house of cards going.
“We likely could have raised significant funding. Potential interest in billions of dollars of funding came in roughly eight minutes after I signed the chapter 11 docs.”
There are new developments in this story daily; here are a few others that came out.
Some of the ex-CEO’s neighbors in the Albany neighborhood in the Bahamas, where he owned a $40 million home, are starting to talk. One told the New York Post that it was party central with his friends and employees around the clock.
“The feeling was that they were treating Albany like a frat house. They would walk around in sweats and T-shirts. That was not the Albany lifestyle that residents there signed up for. The typical dress was Ralph Lauren sport jackets. Sam and his group did not seem to fit the part.”
Another neighbor described how SBF and his team would pull all-nighters while partying simultaneously. The way they kept going was by taking amphetamines or snorting Adderall.