‘I never opened the code for FTX’: SBF has long, candid talk with vlogger
Former FTX head Sam Bankman-Fried (SBF) selected cryptocurrency vlogger Tiffany Fong for a series of lengthy and candid telephone interviews. In the two interviews that had been released on YouTube at press time, SBF speaks about many of the major questions connected with the collapse of FTX.
The first interview was conducted Nov. 6 and released Nov. 29 on YouTube. “I’ve started to trust my gut on things like this,” SBF said, explaining why he selected the relatively unknown figure to speak to. Fong has less than 10,000 subscribers to her channel. “Here’s someone who will, like, approach this from at least a somewhat neutral and interested vantage point,” he said of her. He continued:
The recording began with SBF saying, “You don’t get into the situation we got in if you, like, make all the right decisions.” Taking her cue from that, Fong started her interview by asking about the “backdoor” that allowed SBF “to execute commands that could alter the [FTX] company’s financial records without alerting others.”
SBF expressed surprise at the very idea. “And this is something I would be doing?” he asked. “That I can tell you is definitely not true. I don’t even know how to code. […] I literally never even opened the code for any of FTX.”
This set the tone for the rest of the conversation, in which Fong politely asked hardball questions and SBF answered with seeming openness.
SBF went on to comment on FTX’s FTT coin. “I think it had real value. That being said, there are a few problems. […] This was f*****g embarrassing given my background. […] I think it was basically more legit than a lot of tokens in some ways. Its was more economically underpinned than the average token was,” he said.
“Illiquidity didn’t cause the crash,” SBF
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