# Did Sam Bankman-Fried intentionally set out to defraud people?

**Published by:** [Durwin](https://paragraph.com/@durwin/)
**Published on:** 2022-12-29
**URL:** https://paragraph.com/@durwin/did-sam-bankman-fried-intentionally-set-out-to-defraud-people

## Content

SBF was well-known for his effective altruism, incredible wealth and atypical traits as a supposed billionaire. Was it all an intentional, elaborate lie?After reading so much about Sam Bankman-Fried, you have to wonder: Is he really a savant or a potato? Is he a genius trader who went rogue or drug-fuelled delinquent that made honest mistakes? Or did he just got lucky and couldn’t handle the fame and power? Was it all an elaborate act? The hairdo, the voice, the penthouse, the drugs, the media circus and the weird relationships he had with his cofounders. As more stuff gets uncovered, we start to see just how much weirder and wilder it got. Some of these stuff, you really can’t make up. It is as confusing as it is intriguing. He funded BOTH sides of the house, the democrats and the republicans.SBF was reportedly playing League of Legends while running FTX and even as the company burned to the ground.He took nootropics to stay alert and fresh between the ears. Then took sleeping pills just to fall asleep. Put that on repeat daily and that is how he lives his life. He was in a serious relationship with the CEO of Alameda Research, Caroline Ellison, which he co-founded and owns a large majority of. And Caroline even went on the record to plainly state just how little risk management and math her day-to-day work has. Friendly reminder, that is the CEO of a company that does crypto trading and manages billions. I mean, that is literally part of a Netflix script. How can it possibly be real? Whatever you might think of him, he was masterful when it came to handling the press and getting attention. FTX bought naming rights to the Miami stadium for $130M.FTX bought naming rights to the Miami Stadium and it barely stayed up for a few weeks before being removed.They paid $30M for superbowl ads. Forbes was touting him as the boy savant of crypto. Fortune called him the next Warren Buffett. Crypto Twitter couldn’t get enough of him. I am actually surprise someone hasn’t created a Twitter account for his giant fro. Sam actually convinced some pretty intelligent and experienced investors like Sequoia and Temasek to give him moolah. I mean that is just impressive however you want to slice it. Going to a big name investor and proving you have the substance, the numbers, the sell and the balls to execute your startup is always impressive. He ran a multibillion dollar, international corporation from a penthouse in the Bahamas. He operated FTX, one of the largest crypto exchanges in the world, with just 25 people.CZ of Binance and SBF had a rocky relationship to the say the least, as both companies grew during the bull market and became titans of the industry.He made Binance look weak. He made everyone above the age of 30 look like we did nothing great in our lives. He amasses 130+ companies under FTX’s empire and became top dog, not just in the crypto world. When Sam went around shopping and buying up distressed assets during the crypto winter, everyone hailed him as the grand saviour. Little did we know, he was the real emperor with no clothes. I mean, he didn’t even bother to hide any of his actions. Was it deliberate or accidental? - Did Sam Bankman-Fried intentionally set out to defraud people? - #startups #business #startupx #growth #success #socialmedia #culture #entrepreneurship #strategy #eth #btc #crypto #sbf #sambankmanfried #hatedperson2022 #ftx #scam #ftt

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