- Former FTX CEO Sam Bankman-Fried appears to be following a previously documented strategic plan from 2022 that included “coming out as Republican” and appearing on Tucker Carlson’s show.
- The plan, described as “random probably bad ideas” in a confidential document filed during his sentencing, included attacking “the woke agenda” and claiming bankruptcy proceedings were destroying value.
- Bankman-Fried recently appeared on Tucker Carlson’s show making these exact arguments while his parents reportedly seek a presidential pardon.
Sam Bankman-Fried, now serving a 25-year prison sentence for his role in the FTX collapse, appears to be executing a public relations strategy he outlined in the immediate aftermath of his cryptocurrency exchange’s bankruptcy in November 2022.
The strategy came to light through a document filed by prosecutors during Bankman-Fried’s sentencing proceedings. Labeled as “CONFIDENTIAL” with a disclaimer that these were “random probably bad ideas that aren’t vetted,” the document revealed the disgraced founder’s early plans for rehabilitating his image.
Among these plans was a specific strategy to appear on Tucker Carlson‘s show, “come out as republican,” focus on his donations to Republicans, and “come out against the woke agenda.” The document also suggested he would “talk about how the cartel of lawyers is destroying value.”
In what appears to be a direct implementation of this strategy, Bankman-Fried recently appeared on The Tucker Carlson Show in what observers have called a surreal interview. During this appearance, he highlighted his financial support for Republicans, criticized the political culture in Washington D.C. as his motivation for supporting the Republican party, and accused the bankruptcy team handling FTX’s assets of destroying “tens of billions of dollars in value.”
This accusation mirrors another note from his 2022 document where he suggested his narrative would include that “we could give value back to customers and the Chapter 11 team is destroying it.” This perspective appears to stem from Bankman-Fried’s view that cryptocurrency investments made with misappropriated customer funds had appreciated in value, and the bankruptcy team’s conversion of these assets to cash was somehow destructive.
The FTX collapse in 2022 resulted in billions of dollars of customer assets being lost through investments, hacks, and poorly managed digital wallets. Multiple executives from the company eventually pleaded guilty to crimes related to the operation, while Bankman-Fried received a 25-year prison sentence.
According to a Bloomberg report, Bankman-Fried’s parents are now reportedly exploring the possibility of seeking a presidential pardon for their son, adding another dimension to what appears to be a carefully orchestrated public relations campaign following his own 2022 playbook.
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