Accused fraudster Sam Bankman Fried did what every prosecutor hopes a defendant will do: start a blog. Researcher Molly White annotated his first post:
Sam Bankman-Fried has apparently decided to fill his time spent confined to his parents' Palo Alto home with blogging, perhaps in the hopes that he can just blog his way out of the massive criminal and civil penalties he's facing.
Although many of his statements here repeat things he's said elsewhere, I think it is useful to be able to analyze some of the story he's trying to spin all in one place, rather than cobbling his narrative together from multiple sources.
It's remarkable the extent to which SBF outright lies, or at the very least twists his version of events to distort reality in his favor. I don't intend to annotate further posts from him—which I suspect will be many—but instead hope that this will be sufficient to give some idea of just how thoroughly misleading his statements are.
If I was going to try to pick out a crypto firm that suffered large losses in an attempt to say "look, it was happening to everyone!", I might not pick the one whose founders have allegedly been in hiding for the last six months.34
It's clear that SBF's definition of "accurate" differs from most people's. SBF seems to think that if you tell someone that you have $1,000, and then later you say "...in monopoly money", it was still an accurate and defensible statement.
You know, I'm beginning to think 2023 will be the year people lose patience with lying fraudsters.