I Accidentally Got SBF To Admit to Fraud

How I got Sam to admit to co-mingled funds on FTX leading up to their bankruptcy in ways that I believe is fraudulent. Sam Bankman Fried is the former CEO of FTX and accused of fraud.

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This video is an opinion and in no way should be construed as statements of fact. Scams, bad business opportunities, and fake gurus are subjective terms that mean different things to different people. I think someone who promises $100K/month for an upfront fee of $2K is a scam. Others would call it a Napoleon Hill pitch.
0:00 Intro
0:18 Background to the Call
1:05 The Plan
2:12 Failure 1 - New York Times
4:30 Failure 2 - George Stephanopoulos
7:06 Failure 3 - Coffeezilla
8:38 Lessons Learned = The NEW Strategy
9:33 3rd Sam Bankman Fried Call Begins
10:04 Were you treating client assets differently?
10:31 Focus on Client Assets Only
10:51 Sam Tries to Deflect to Alameda
11:26 Can You Explain What That Means?
11:40 Separate Legal Agreement
12:05 Let's Focus Only on the Assets that Terms of Service Applied to
12:29 Sam Cites Billions of Withdrawals
13:32 Is there 1:1 Assets for Customers Who Didn't Agree to Margin?
14:19 Sam Finally Explains "Fungibility" of Funds During Bankruptcy
15:41 There Are No Buckets
16:38 During Collapse We May Have Allowed Withdrawals
17:27 You Can't Treat Everyone Equally
17:51 You Monopolized The Discussion Coffeezilla, Stop Grandstanding
18:40 My Reaction to Sam's Blowup
19:15 I Got What I Was Looking For
20:13 Analogy to Traditional Finance
21:08 Everyone was Subject to the Same Risk
22:31 Did I Monopolize Sam's Time?

[user]

I like how SBF answers questions about his company like he’s an outsider who’s just as puzzled about what happened.

[treeskers]

Every SBF interview in a nutshell:
"I don't have that data right now"
"I don't know all the details, sorry"
"My best guess is..."
"I'm not sure, but.."
literally the founder of the company

[raMmpage]

Judge: "How do you plead?"

Sam: "I cannot answer that now because I don't have the data."

[Caiyde]

He said you monopolised his time because you're the one that stands out. You made him sweat, so the thirty minutes he spent talking to you felt like thirty hours. Excellent work. Genuinely a job well done.

[ftd]

As a former prosecutor, I never handled complex, white collar cases. However, just from a legal perspective, it sounds like you got him. He admitted to knowingly commingling funds — in a way that directly violates the terms of service. AND he admitted that was their general, business practice.

Very exciting!

[Double_T_G]

So by Sam's own admission, ftx agreed to not take ownership of those funds, then took ownership of those funds in order to service margin customer withdrawals. Yeah I'd say he admitted to fraud. Good work Coffeezilla.

[tewks]

Watching SBF squirm while people ask him basic questions about how his company operated is my new favorite sub-genre of content.

[DaveScottADV]

I think the craziest thing is that Sam was doing all these interviews to begin with. He really thought he was going to trick the entire world with his BS.

[TheCakeIsALie]

“Tricked him into a third interview” is the funniest part of this whole thing

[metalninja]

This is real journalism. Not asking weak, easy questions, but the ones that get the subject to admit to things they otherwise wouldn't in a roundabout way

[largebills]

CZilla: So you stabbed him to death?

SBF: No I didn't stab him to death. Gerber is a company that manufactures knives. I introduced a Gerber product to him internally but that is not what caused his death. As you know the heart pumps blood, and the blood must circulate throughout the body in order to maintain life. Now in the initial few minutes after I introduced the Gerber product to him internally his heart continued to pump blood at the same rate as it had previous to the introduction of the Gerber product. Once he realized that blood which was inside his veins was now flowing down his chest on an external basis it was then incumbent upon him to reduce the external flow of blood. So....in summation he was alive both before and after my internal introduction of the Gerber product and his own actions post introduction resulted in his demise. I see where you're coming from when you say I stabbed him to death but you are just grandstanding. 🤔

[BobinsBinted]

"Hey Sam it's me again" is so funny, you know Coffee is SBF's fuckin arch nemesis

[dh.bryson]

What’s absolutely wild is that coffeezilla started out calling people out on such a small scale, and I really liked the content, and now he’s a key player in unraveling a catastrophic disaster to millions of people involving billions of dollars. Talk about a come up.

[Mamenber]

I love how much of his defense is just "I forgor 💀"

[marvininabox]

When the interviewee resorts to “stop being mean to me” you’ve effectively won

[Rob-yjgg]

“I’m afraid your assets were quite fungible after all, Mr. Bond.”

Holy hell good job on getting him to admit it.

[bogdanator]

I really liked the bank analogy. Imagine your bank goes bust and they say "Yeah some hedgefund withdrew your money, sry they were just faster than you"

[Me-sbxp]

I will never understand why this man didn't just listen to his lawyers and stay quiet. Good job Coffeezilla.

[SoniasWay]

It’s impressive how many times SBF can accidentally get interviewed by Coffeezilla

[Spilled_Pizza]

The ear to ear smile that CoffeeZilla got when SBF said “you’ve been monopolizing these conversations- you need to stop grandstanding- if you could let me elaborate” HE KNEW. He KNEW he got him there with that 😂😂 busted