Sam Bankman Fried is “unable to move his lips without incriminate yourself‘ said the Black Swan writer Nassim Nicholas Taleb Wednesday.
What happened: Taleb made a Twitter post about Bankman-Fried, the former CEO of ailing cryptocurrency exchange FTX.
In a separate tweet, Taleb compared Bankman-Fried to “chatty characters that only appear in the middle of a Russian novel.”
Peter Steppe An author, businessman and entrepreneur chimed in on the thread and suggested that Bankman-Fried was a character from The Brothers Karamazov, a novel by Fyodor Dostoyevsky which examines the concept of free will.
See also: How to Trade Cryptocurrencies – A Beginner’s Guide
Why it matters: Appearing at the DealBook Summit on Wednesday, Bankman-Fried said: “I unknowingly mingled [customer] funds and [Alameda Research] Middle.”
Taleb has criticized cryptocurrencies and FTX FTT/USD after the stock market suffered a liquidity crisis.
The author, mathematical statistician, and former options trader said earlier this month that was the case no liquidity crisis in cryptocurrencies because that’s reserved for “something that has a hard intrinsic value.”
The FTX crisis caused a cryptocurrency crash that saw Bitcoin BTC/USD and ether ETH/USD Decrease of 16.3% and 15.1% compared to November.
Taleb said that Bankman-Fried “got temporarily rich because he is [both] aggressive AND clueless about finances.”
Continue reading: Did Black Swan writer Vitalik Buterin just compare it to a “funeral director” wearing “used, ill-fitting” pajamas?
Photo Courtesy: FTX
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