The embattled FTX founder decided to leak his own rambling reflections, appropriately titled “a draft of a draft of a draft of an idea.”
, in which he attempted to justify his actions, reflected on his public image, and reminisced on the good times he had, including a night with crypto contemporaries in 2019 centering on “booze and women and lasers and loud, booming music.”The former billionaire gave a copy of the screed earlier this year to a crypto investor and influencer named Tiffany Fong; she passed them on to the.
In the meandering memo, which reportedly featured high school photographs, links to music videos, and a screenshot from the movie, Bankman-Fried seemed distressed about his decimated reputation but also appeared to lack personal accountability., who oversaw his hedge fund, Alameda Research. “She continually avoided talking about risk management—dodging my suggestions—until it was too late,” he claimed. “Every time that I reached out with suggestions, it just made her feel worse. I’m sure that being exes didn’t help.”, that argument glosses over allegations that he and his team illegally pilfered funds from his crypto exchange, FTX, to fund other business interests.
In the document, Bankman-Fried also recounted happier times, like the 2019 boozy conference where he mingled with another crypto luminary, Binance founder Changpeng Zhao, on a night that left him feeling fancied. “I walked by CZ a few more times, and each time he broke eye contact with his eye candy and embraced me: People were thinking about us, a lot,” he wrote.
Around that time, when he was still rich, Bankman-Fried was influential in the philosophical movement known as effective altruism, which advocates maximizing one’s positive impact on the world. So it was likely in deep mourning that he wrote, following his arrest, “I’m broke and wearing an ankle monitor and one of the most hated people in the world….There will probably never be anything I can do to make my lifetime impact net positive.
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