Sam Bankman-Fried

15 statements across 3 episodes · 5 bullish · 5 bearish · 3 people on the record · first statement Dec 15, 2021 by Sam Bankman-Fried · said 19 times in 8 episodes since 2022 · across every show →

On the record as a speaker too: Sam Bankman-Fried's record, appearances and statements → this page counts the times other people say the name.

Mentions by year

brought up most by Ben Gilbert (8), David Rosenthal (7), Michael Lewis (2), Anthony Gonzalez (2)

tap a year for its mentions
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0362022202320242025episodes it came up in
001.332.562022202320242025episodesmentions per episode
2025 2 mentions in 1 episode
2023 2 mentions in 1 episode
2022 15 mentions in 6 episodes 3 per episode

every mention, scene by scene, with the transcript →

Everything said about Sam Bankman-Fried, oldest first

Dec 15, 2021
Disclosure
Bankman-Fried: I could not describe a blockchain when I entered crypto
“I got one word further, but I couldn't have described a blockchain. I guess it was like, you know, they chained the blocks with the transactions in them, you know? I didn't really know who they was. I don't know if the blockchain does it. Like, I really didn't…”
Sam Bankman-Fried Dec 15, 2021 ▶ 17:23 FTX with Sam Bankman-Fried & Mario Gabriele (Extended Cut) · Acquired
Dec 15, 2021 negative
Assertion Contradicted
Bankman-Fried: The largest crypto exchange bled $1M daily from broken risk engines
“The biggest exchange at the time was bleeding each day about a million dollars of customer assets to a risk engine that didn't work.”
Sam Bankman-Fried Dec 15, 2021 ▶ 34:16 FTX with Sam Bankman-Fried & Mario Gabriele (Extended Cut) · Acquired
Dec 15, 2021 bullish
Assertion Supported
Bankman-Fried: FTX ranks third globally by volume and second by open interest
“Today, we are the third biggest by volume. We're the second biggest by open interest and actually pretty close to first, I just realized.”
Sam Bankman-Fried Dec 15, 2021 ▶ 1:10:32 FTX with Sam Bankman-Fried & Mario Gabriele (Extended Cut) · Acquired
Dec 15, 2021
Disclosure
Bankman-Fried: FTX endorsement deals are for brand building, not customer acquisition
“When you look at sort of the customer acquisition side, I think it's easy to see a lot of the endorsement deals that we've done and think of that as like customer acquisition. It's actually not really how we think of it. It's not the most effective way to acqu…”
Sam Bankman-Fried Dec 15, 2021 ▶ 1:14:25 FTX with Sam Bankman-Fried & Mario Gabriele (Extended Cut) · Acquired
Dec 15, 2021 positive
Assertion Supported
Bankman-Fried: Crypto exchanges generated $1B annual revenue in late 2018
“So this is circuit late well, they were transacting how much per day, you know, globally five to ten billion dollars. What were their fees? They're making like four basis points on average on that. Right. And all right, you can sort of do the math there, actua…”
Sam Bankman-Fried Dec 15, 2021 ▶ 31:10 FTX with Sam Bankman-Fried & Mario Gabriele (Extended Cut) · Acquired
Dec 15, 2021 positive
Disclosure
Bankman-Fried: FTX hired for composure under pressure rather than prior experience
“Experience is very much not what we hire for. Right. In fact, sometimes we're almost like, you know, I wouldn't quite say we're anti-selecting for it, but, like, we like flexibility, and we like, you know, much more than, like, I don't know, we can teach thing…”
Sam Bankman-Fried Dec 15, 2021 ▶ 1:36:49 FTX with Sam Bankman-Fried & Mario Gabriele (Extended Cut) · Acquired
Dec 15, 2021 neutral
Assertion Not checkable as stated
Bankman-Fried: Early FTX users were split between institutions and individuals
“They were about half and half really. You know, the thing that, that really, you know, set them apart was less being institutions and more being power users. And I, some of those were institutions, some of those were individuals.”
Sam Bankman-Fried Dec 15, 2021 ▶ 1:08:18 FTX with Sam Bankman-Fried & Mario Gabriele (Extended Cut) · Acquired
Dec 15, 2021 negative
Opinion
Bankman-Fried: The two dominant crypto futures exchanges in 2018 were 'shitshows'
“There are only two real players in it, and they're shitshows. But they're still printing money, despite being shitshows.”
Sam Bankman-Fried Dec 15, 2021 ▶ 39:02 FTX with Sam Bankman-Fried & Mario Gabriele (Extended Cut) · Acquired
Dec 15, 2021
Assertion Contradicted
Bankman-Fried: No crypto company had ever received an audit by early 2018
“Literally no crypto company has ever gotten audited before of any type. And we've been around for two months. Obviously we don't have an audit.”
Sam Bankman-Fried Dec 15, 2021 ▶ 26:26 FTX with Sam Bankman-Fried & Mario Gabriele (Extended Cut) · Acquired
Dec 15, 2021 bullish
Assertion Contradicted
Bankman-Fried: FTX's revenue is clean, clear, and completely transparent
“When you talk about, like, recurring revenue, like, there's sort of, like, doesn't exist a clearer example of that than, like, you know, I don't know, we have volume each day, and we charge a transaction fee on it, right? It's incredibly clean, right? People a…”
Sam Bankman-Fried Dec 15, 2021 ▶ 48:37 FTX with Sam Bankman-Fried & Mario Gabriele (Extended Cut) · Acquired
Dec 15, 2021 bullish
Assertion Supported
Bankman-Fried: FTX typically processes $15B in daily global volume
“And I, you know, we have fifteen billion dollars of volume globally in the last day. That, that's about typical for us. You know, that, that's typically where we are.”
Sam Bankman-Fried Dec 15, 2021 ▶ 1:10:45 FTX with Sam Bankman-Fried & Mario Gabriele (Extended Cut) · Acquired
Dec 15, 2021 negative
Insight
Bankman-Fried: Aggressive headcount growth creates uncontrollable organizations
“Because I think if you, sort of, like, if you're too aggressive about, like, overgrowing the team, then you get this, sort of, monstrosity that no one can control anymore, and these are, like, an underestimated factor often, and we see time and time again this…”
Sam Bankman-Fried Dec 15, 2021 ▶ 1:22:24 FTX with Sam Bankman-Fried & Mario Gabriele (Extended Cut) · Acquired
Dec 15, 2021
Disclosure
Bankman-Fried: Alameda bootstrapped with a few million dollars without outside equity
“We cobbled together a few million dollars and then, you know, sort of like iterated on that capital base over time, although without ever taking external, like, equity or anything like that.”
Sam Bankman-Fried Dec 15, 2021 ▶ 25:04 FTX with Sam Bankman-Fried & Mario Gabriele (Extended Cut) · Acquired
Dec 19, 2022 negative
Disclosure
Rosenthal: Acquired regrets lending its podcast platform to Sam Bankman-Fried
“We lent our platform to Sam and to FTX, and yeah, I do feel bad about that. I don't think there's any way we could have known at the time, and I don't want to stop having interesting people and companies on the show, you know, up and coming companies, so.”
David Rosenthal Dec 19, 2022 ▶ 21:09 Holiday Special 2022 · Acquired
Dec 18, 2023 negative
Disclosure
Gilbert and Rosenthal deeply regret interviewing Sam Bankman-Fried on Acquired
“We totally regret doing it.”
Ben Gilbert Dec 18, 2023 ▶ 1:15:52 Holiday Special 2023 (Audio) · Acquired
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