Sam Bankman-Fried Emerges From Two-Year Hiatus to Weigh in on DOGE
Sam Bankman-Fried Emerges From Two-Year Hiatus to Weigh in on DOGE
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by Frederick Munawa
The former CEO of embattled cryptocurrency exchange FTX was found guilty on seven counts of fraud last year and is currently serving a 25-year prison sentence.
Sam Bankman-Fried Emerges From Two-Year Hiatus to Weigh in on DOGE
After Two-Year Absence, Sam Bankman-Fried Reappears to Discuss DOGE
Sam “SBF” Bankman-Fried is currently detained at the Metropolitan Detention Center in Brooklyn, New York, serving a 25-year sentence issued in March 2024. So how and why, after two years, did he post what appear to be random comments that seem to support the recent controversial move by the man who runs the Department of Government Efficiency (DOGE) Elon Musk, to poll every Federal government employee about their productivity?
Sam Bankman-Fried Emerges From Two-Year Hiatus to Weigh in on DOGE
(Sam Bankman-Fried with fellow jail mates / @TiffanyFong_ on X)
“I have a lot of sympathy for government employees,” Bankman-Fried said. “I too have not checked my email for the past few hundred days,” he added, an apparent reference to the contentious email sent by DOGE staff to government workers.
The 32-year-old Stanford graduate went on to discuss the dynamics of hiring and firing, drawing from his experience as a CEO. Bankman-Fried’s message in a nutshell was that it’s usually not an employee’s fault if they get fired, but at the same time, if a person is not needed or isn’t a good fit, there is no point in retaining them. “It is usually correct to let them go anyway,” Bankman-Fried said.
Trump and Musk set up the Department of Government Efficiency (DOGE) to cut wasteful spending that has seen the U.S. national debt balloon to a mindboggling $36.5 trillion. Layoffs will inevitably be part of the process, and that could be the angle Bankman-Fried is gunning for.
“We saw it at competitors that hired 30,000 too many employees and then had no idea what to do with them,” Bankman-Fried explained. “So entire teams just sat around doing nothing all day.”
Donald Trump recently pardoned Ross Ulbricht, creator and operator of Silk Road, one of the most notorious dark web markets. A little over a week later, Joseph Bankman and Barbara Fried, SBF’s parents, were reported to have been quietly petitioning the president to also pardon their son.
Bankman-Fried’s seemingly random post appears to be a carefully calculated attempt at getting in Trump’s and Musk’s good graces to increase his chances of receiving a pardon some day.
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