The Galaxy Digital CEO claims Sam Bankman-Fried and his associates committed fraud and suggests they be imprisoned.
Former FTX CEO Sam Bankman-Fried (SBF) has been chastised this week after a string of controversial public appearances, with Galaxy Digital’s Mike Novogratz the most recent to criticize the former crypto kingpin.
On December 1, Galaxy Digital CEO Mike Novogratz launched a volley of criticism at SBF for his interview with Andrew Ross Sorkin at the New York Times annual DealBook Summit on November 30.
In an interview with Bloomberg, Novogratz described SBF as “delusional” after he stated in the live interview that he never attempted to commit fraud.
Novogratz noted that “It’s kind of surprising that his lawyers are letting him speak.” In addition, he stated that “having watched two interviews, the word delusional kept coming to mind.”
The criticism didn’t end there, as Novogratz echoed the opinion of many well-known members of the cryptocurrency community that the former CEO of FTX needs to spend time in prison.
“The reality is that Sam and his cohorts perpetuated a fraud. He stole money from people, people should go to jail.”
Galaxy Digital is one of the FTX victims, having disclosed a $76.8 million exposure to the bankrupt company.
The former FTX CEO also appears to have been making a flurry of media appearances in recent days.
SBF insisted on Good Morning America on December 1 that FTX was not a “Ponzi scheme,” but rather a “real business,” and denied knowledge of FTX customer deposits being used to pay Alameda’s creditors.
SBF again claimed ignorance of what was going on with his companies in a recent Twitter Spaces interview with IBC Group founder and CEO, Mario Nawfal. When asked what actually happened, his answers were hazy.