Financial group CEO claims he tried to warn Bankman-Fried about insolvency in July

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Financial group CEO claims he tried to warn Bankman-Fried about insolvency in July
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Could we have prevented the FTX crypto crisis? This financial group CEO claims to have tried.

The first email is dated July 7, 2022. In it, Handler asks the recipient if they know Sam Bankman-Fried. Handler states that he is concerned SBF “seems in over his head, and could quickly be in a precarious position.”

The recipient of the first email responded by saying that they have spoken to SBF once and have exchanged emails with him, “including recently.” They tell Handler that they will send SBF a note.“We should get together for a meeting or dinner. What he is going through is not going to pass as quickly as he might wish and you can quickly become the rescuee versus the rescuer if you are not careful.”

According to Handler, the other party to this conversation did reach out to SBF, but “He never responded nor took a meeting.” Handler said that he tried once again to contact SBF on September 16, less than two months before the present liquidity crisis started, but the FTX CEO once again did not respond.

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