Nasim Nicholas Taleb compares Bernie Madoff’s handling of FTX founder with FBI

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Nasim Nicholas Taleb compares Bernie Madoff’s handling of FTX founder with FBI

Black Swan author Nassim Nicholas Taleb contrasted the US Federal Bureau of Investigation treatment of disgraced financier Bernie Madoff with the way former FTX CEO Sam Bankman- Fried is handled.

What happened: Taleb said The FBI hunted down Madoff earlier in the game. He defrauded US investors with Bahamas Shmahamas. In the same thread, Taleb invoked an ancient Levantine god and lamented media coverage given to the founder of FTX.

SBF did not commit big He fraud, for Baal's sake. Why It Matters: Taleb said previously on Bankman- Fried's appearance at the DealBook Summit that the latter was incapable of moving his lips without incriminating himself. Bankman- Fried media coverage since the collapse of FTX FTT USD amid a liquidity crisis has been criticized by Brian Armstrong, CEO of Coinbase.

After the collapse, majorcryptocurrencies, includingBTCUSD andEthereum ETHUSD, plunged in value.

There are increasing calls for the arrest of Bankman-Fried. Elon Musk, who leads SpaceX, Tesla, and Twitter, called for the former FTX CEO to spend some adult timeout in the big house. The Galaxy Digital CEO Mike Novogratz said Bankman-Fried should be prosecuted in a recent interview.

Elon Musk says that Sam Bankman- Fried Probably Gave Over $1 B to Democrats: The Money Went Somewhere''