FTX creditor Sunil Kavri has launched a podcast episode with crypto journalist David Morris that investigates the psychological components behind the Sam Bankman Freed rip-off. Mr Kavli misplaced greater than £1.8 million within the collapse of FTX and has appeared in a number of documentaries masking the change’s collapse.
Mr. Morris is the writer of the forthcoming e-book Stealing the Future: Sam Bankman Freed, Elite Fraud, and the Techno-Utopian Cult, scheduled for launch on November eleventh. The 340-page work analyzes a $10 billion fraud that affected roughly 1 million prospects worldwide.
Joe Bankman: “The individual you advisable for worldwide authorized oversight has already been recorded advising somebody on the best way to cowl up fraud.” –@davidzmorris
“It was well-known quick vendor Mark Cohodes @AlderLaneEggs…I can actually say that was the clincher earlier than all of it… pic.twitter.com/LFQKfptWBd
— Sunil (FTX Creditor Champion) (@sunil_trades) October 8, 2025
The dialog explored Morris’ background masking crypto change fraud since 2013. He beforehand reported on Canadian change Quadriga CX, whose CEO allegedly died in India holding all personal keys, and uncovered the pre-implosion Luna/Terra collapse.
CoinDesk’s investigation led to unraveling of FTX
Morris instructed how CoinDesk reporter Ian Allison obtained Alameda Analysis’s steadiness sheet exhibiting roughly $5 billion in tokens issued by FTX. The November 2, 2022 scoop revealed a detailed monetary relationship between the 2 firms, which had been presupposed to be unbiased.
The revelations proved important as a result of Sam Bankman Freed had repeatedly maintained that he had no involvement within the operations of Alameda Analysis. Subsequent trial proof revealed that he actively directed actions on the buying and selling firm whereas sustaining public distance.
Mr. Morris wrote an influential article on November 30, 2022 entitled, “The collapse of FTX was against the law, not an accident.” This text identifies government loans from company funds because the deciding think about proving felony intent reasonably than mismanagement.
Mr. Morris acknowledged that John Ray III, the bankrupt CEO answerable for Enron’s collapse, uncovered the extent of the fraud by way of the preliminary submitting. Regardless of his expertise with large-scale company failures, Ray particularly described FTX as probably the most disorganized firm he had ever encountered. His early statements urged the depth of the change’s issues.
Joe Bankman’s function within the fraud construction
Mr. Morris highlighted remarks about Sam Bankman Freed’s father, Joe Bankman, a tax lawyer who helped construct Monetary Switch. “The individual you advisable for worldwide authorized oversight has already been recorded advising somebody on the best way to cowl up fraud,” Morris stated.
Kavli acknowledged that well-known quick vendor Mark Cohodes acknowledged this as a decisive blow earlier than the change collapsed. Joe Bankman’s correspondence reveals discussions about structuring an government mortgage and probably writing it off, although there was no clear prospect of compensation.
The podcast mentioned Michael Lewis’ e-book Going Infinite, which was launched when the FTX trial started. Morris stated Lewis needed the e-book to perform as a “letter to the jury,” and criticized Lewis for muddying the waters about Bankman Freed’s criminality. He additionally briefly in contrast the incident to Do Kwon’s Terra/Luna debacle, noting that each founders had been committing fraud behind the scenes whereas posing as geniuses.
Associated: https://coinedition.com/cz-escapes-service-hamas-lawsuit-dc-federal-court-ruling/
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