SBF: The Payment Option on Substack Was Unintentional

• SBF says there isn’t a payment option on his recently created Substack anymore.
• Bankman-Fried was the one who first created a blog on the Substack.
• The former CEO continues to deny stealing user funds.

In response to a Tweet by Caitlin Ostroff, a Wall Street Journal reporter, regarding his Substack’s payment option, Sam Bankman-Fried (SBF) says that the featured option was unintentional and he has already turned it off.

On his own substack page, Bankman-Fried was the one who first created a blog. In addition, as can be seen from the several tweets online, those individuals who are still sympathetic to the cause of the disgraced CEO now have the option to contribute to his financial well-being.

Bankman-Fried makes an effort, in the blog that he maintains, to provide his own point of view on how things got into such a terrible mess at FTX. The fallen CEO accuses leverage, the inability of Alameda to sufficiently hedge its holdings, and the malicious role that Binance’s CEO Changpeng Zhao had in bringing about one of the greatest bankruptcies in the history of America’s business sector.

However, Bankman-Fried believes that had FTX International been given a few weeks, it could likely have utilized its illiquid assets and equity to raise enough financing to make customers substantially whole.

Following his blog, it would seem that everyone other than the CEO is to blame for this. At the end of the post, Bankman-Fried doubled down. “All of which is to say: no funds were stolen,” the 30-year-old wrote.

According to a Youtuber Coffeezila, FTX and Bankman-Fried’s Alameda Research, a cryptocurrency trading firm, had a secret beneficial connection and their funds were co-mingled at Silvergate Bank.

Regarding the allegations about Binance, Zhao had denied these claims earlier. “FTX killed themselves because they stole billions of dollars,” the Binance CEO tweeted in December.