Sam Bankman-Fried is coping with losing $16 billion by playing video games and posting cryptic tweets


For most people, the prospect of bankrupting a company, losing a multi-million dollar fortune, and a possible prison sentence would be a major source of stress.

But Sam Bankman-Fried, the former head of collapsed crypto giant FTX, has said he’s not losing much sleep.

In an interview with the New York Times on Sunday night, Bankman-Fried was said to be “surprisingly calm” amid the fallout from FTX’s crash and his own.

Until last week, Bankman-Fried was highly respected, having cultivated an image as a philanthropist and business magnate, drawing comparisons to the likes of Warren Buffett. However, FTX’s disappearance in 48 hours has left his reputation in tatters.

The former FTX boss also took a massive personal financial hit, with his entire $16 billion fortune wiped out. according to Bloomberg, marking one of the greatest destructions of wealth in history. At the peak of his fortune, the 30-year-old had a net worth of $26 billion.

“You would have thought I wouldn’t be sleeping right now, and instead I’m sleeping a bit,” he told the NYT on Sunday. “It could be worse.”

While Bankman-Fried declined to comment on possible prison time (the US Department of Justice and SEC are currently investigating whether FTX misused billions of dollars of client money to prop up Alameda Research, the trading company that Bankman-Fried also founded), seemed to ignore the negative public opinion of him.

“People can say all the bad things they want about me online,” he told the NYT. “In the end, what will matter to me is what I have done and what I can do.”

games and tweeting

Since FTX and Bankman-Fried himself were embroiled in a scandal last week, he’s been pretty quiet about the whole fiasco, but he’s been active on Twitter, taking to the platform to apologize for the mess and upset his million followers with cryptic messages.

On Monday, he began sending a drip message, beginning with the word “what” followed by the letter “H” in a separate tweet. Over the course of the next day, she added to the Twitter threat to explain “What happened,” with the latest tweet, posted Monday night, reading: “Not legal advice. Not financial advice. This is all as I remember it, but my memory may be faulty in parts.” It’s unclear what she’s referring to, or if she plans to add more to the thread.

“I’m making it up as I go along,” Bankman-Fried told the NYT on Sunday when asked about his newfound penchant for composing enigmatic tweets.

Asked by him NYT if he was planning a series of cryptic tweets, he replied: “Something like that.”

“I’m improvising,” he added. “I think it’s time.”

In addition to spending time tweeting, SBF said that he had been filling his spare time in recent days by playing the video game Storybook Brawl.

“It helps me relax a bit,” he said in the interview. “It clears my mind.”

Sign up for the Fortune Features email list so you don’t miss out on our biggest features, exclusive interviews and research.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.