Sam Bankman-Fried (SBF) is the overlord of failed crypto exchange FTX and rumours about him are flying everywhere. Here are the most unprovable and unsubstantiated whispers that we can’t stop thinking about.
SBF to be Epsteined?
SBF was arrested and put in a Bahamian jail this week. Many people recalled when paedophile Jeffrey Epstein was found dead in his jail cell. The Epstein case has many conspiracy theorists still going wild. Now, they have a new case to mull over.
A rumour currently circulating is that the reason why SBF was arrested by the Bahamian police, rather than sent straight to the US, is that it would be easier to get SBF Epsteined in the Bahamas. It is perhaps assumed that in the tropical paradise, there might be a lack of guards, or they would be easier to pay off. Add to that rumour, another rumour that FTX stole donations meant for the Ukraine and things don’t look good for SBF.
Glass houses – what does SBF have on CZ?
There are also a lot of rumours going around that SBF has something on the king of crypto exchange Binance, Changpeng Zhao (CZ). SBF and CZ have long been frenemies, competing with their exchanges, and with their reputations. SBF seems to have an ace up his sleeve here however, and is waiting to spill the beans on his “sparring partner”.
SBF said that he “might have more to say about a particular sparring partner, so to speak, but you know, glasshouses for now. So for now, all I’ll say is well played. You won.”
You won what? The battle, but not the war.
What does Sam know about Binance?
Binance is currently under investigation from the SEC on multiple fronts, so it seems where there is smoke, there might be fire.
There’s no doubt SBF has a clearer picture of how things operate at Binance. SBF ran billions upon billions of dollars through the industry, so he knows how it works. Does he know about a fire?
CZ tweeted, “Don’t try to tell your friends to focus on us, focus on yourself. You should have learned that by now.”
By friends, does CZ mean all the politicians that SBF was paying off with FTX funds to curry favour? We think SBF may have some information on CZ and that he could be spilling the beans in the near future.
Caroline is in New York to spill the beans
Rumour: Caroline Ellison will chirp to the Feds to save her own ass. Caroline Ellison is the former CEO of Alameda Research (effectively the sister company to FTX) and was SBF’s on-again off-again girlfriend. On December 4, she was spotted in a café in New York, not too far away from the US Justice Department.
Why is Caroline in New York? Why is she so close to a federal building? Maybe it is a coincidence, maybe she is just out for a nice coffee.
Something’s brewing. She is also rumoured to have made a sex tape with SBF, but it hasn’t surfaced as of yet. Probably because no one wants to find it.
Tom Brady divorced over FTX
It may be the case that Tom Brady knew about the FTX collapse before it happened. A lot of people joke that Tom Brady and Gisele Bündchen got divorced because they knew about FTX early.
Tom Brady is an American football superstar, and his wife is a stunning supermodel. They were paid ambassadors for the FTX brand and themselves has invested heavily in the exchange.
And yet, they seem to have known the exchange was going under before a lot of other people. The timelines on this seem to check out. The co-CEO of Alameda said he was stepping down on August 25.
Brady apparently couldn’t go to practice on the 25th of August, for personal reasons, and he missed a couple more subsequently.
It is thought that Brady had US$650 million in FTX but it is hard to know what is true. If this is the case, then it is likely to have caused serious problems in their marriage. That’s a serious chunk of change for anyone, even a football star like Tom Brady.
SBF’s drug taking was way over the top
SBF’s lawyer asked Magistrate Judge Joyann Ferguson-Pratt for SBF to be released on bail considering he needed to stick to his vegan diet, take Zyrtec for his allergies, and take Adderall. SBF is said to have taken 10 mg of Adderall every four hours.
40 mg per day is considered to be the highest dose of Adderall for an adult, so it seems that our mate Sam was at the limit, assuming he wasn’t going harder on them than he was supposed to.
Bankman-Fried also testified that he used Emsam patches for depression. This is heavy duty stuff, usually reserved for major depression or Parkinson’s Disease.
It’s important to point out here that this is the drug use he has admitted to. He was known to support taking other drugs to “enhance work performance.”
These are crazy days. And while these are just unsubstantiated rumours, we will pass the baton to the conspiracy theorists who we hope will report back to us.