Mike Novogratz: Bankman-Fried is ‘delusional,’ and he’s going to jail

The Galaxy Digital CEO claims Sam Bankman-Fried committed fraud and suggests they be imprisoned.

Former FTX CEO Sam Bankman-Fried (SBF) has been chastised this week after a string of controversial public appearances, with Galaxy Digital’s Mike Novogratz the most recent to criticize the former crypto kingpin.

On December 1, Galaxy Digital CEO Mike Novogratz launched a volley of criticism at SBF for his interview with Andrew Ross Sorkin at the New York Times annual DealBook Summit on November 30.

Novogratz described SBF as “delusional” in an interview with Bloomberg after he stated in the live interview that he never attempted to commit fraud.

Novogratz said, “It’s kind of surprising that his lawyers are letting him speak,” adding that “having watched two interviews, the word delusional kept coming to mind.”

The shaming didn’t stop there, with Novogratz echoing the sentiments of many prominent figures in the crypto community that the former FTX CEO should be imprisoned.

“The reality is that Sam and his cohorts perpetuated a fraud. He stole money from people, people should go to jail.”

Galaxy Digital, which disclosed a $76.8 million exposure to the insolvent company, is one of the victims of the FTX collapse.

The former CEO of FTX also seems to have been making a lot of media appearances lately.

In a December 1 interview with Good Morning America, SBF insisted that FTX was a “real business” and not a “Ponzi scheme,” and she denied knowing that FTX customer deposits were being used to pay Alameda’s creditors.

In a recent Twitter Spaces interview with Mario Nawfal, the founder and CEO of the IBC Group, SBF once more claimed to be unaware of the situation involving his companies. When questioned about what actually occurred, his answers were cryptic.