- Jim Cramer does not believe FTX, calling him a con artist and a pathological liar.
- FTX recently appeared in an interview at the New York Times’ DealBook Summit.
- Many people believed FTX, claiming that he appeared “genuinely sorry.”
CNBC’s Jim Cramer did not mince his words when he talked about FTX’s ex-CEO Sam Bankman-Fried (SBF) yesterday. Apparently, he’s one of the few news television journalists who does not believe in SBF’s reasons for the demise of the then-second-largest crypto exchange in the world.
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To bring the uninitiated up to speed, SBF recently appeared during the New York Times’ DealBook Summit, expressing his remorse and apology for what has happened. Many mainstream television personalities and millionaire investors believed him. In addition, the crowd during the interview applauded him.
On the contrary, Cramer called SBF a con artist and a pathological liar. In the tweet below, he explained his reasons for saying so.
To summarize his explanation, Cramer argues that SBF’s apology does not seem appropriate or genuine given the way the FTX-Alameda Research situation turned out. He believes that SBF should have been careful at worst given his massive responsibility as a CEO and the representative of crypto in the White House.
Cramer’s comments earned him the respect of some people in the crypto space. Previously, traders in both crypto and stocks trade the opposite of what Cramer predicted because they believe he makes the wrong calls.
As to FTX token (FTT), the price remains relatively stable in the last week. At the time of writing, FTT is changing hands at $1.29, according to CoinGecko.
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