Sam Bankman-Fried “Unable to move your lips without blame yourself“Black Swan” author said Nassim Nicholas Taleb Wednesday.
What happened: Taleb made the comments on the bankman-fried, former CEO of beleaguered cryptocurrency exchange FTX, in a Twitter post.
In a separate tweet, Taleb compared Bankman-Fried to “chatty characters who only appear in the middle of a Russian novel.”
Peter Steppe A writer, businessman and entrepreneur noticed the thread and suggested that Bankman-Fried was a character from the novel “The Brothers Karamazov”. Fyodor Dostoevsky which explores the concept of free will.
why it matters: Bankman-Fried appeared at the DealBook Summit on Wednesday and said, “I inadvertently came [customer] money, and [Alameda Research] Funds.
Taleb has criticized cryptocurrencies and ftx ftt/usd After the exchange faced a liquidity crunch.
The author, mathematical statistician, and former options trader said earlier in the month No Liquidity Crisis in Cryptocurrencies because that is “reserved for something that has some hard intrinsic value.”
The FTX crisis caused a cryptocurrency crash that saw Bitcoin BTC/USD And Ethereum ETH/USD A decline of 16.3% and 15.1% over November.
Taleb said that Bankman-Fried became “temporarily rich because he [both] Aggressive and clueless about finances.”
Photo Courtesy: FTX