Investment Bank CEO Tried Warning SBF About FTX's Potential Collapse

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He received no response from Bankman-Fried even after his second attempt just two months ago.

Investment banking company Jefferies Group’s CEO, Richard “Rich” Handler, took to Twitter to reveal that he unsuccessfully tried to get in touch with FTX CEO Sam Bankman-Fried earlier this year when the latter was offering bailouts to several troubled firms.several snapshots that he had sent to an unknown person enquiring if they knew Bankman-Fried.

The emails were dated July 2022. The recipient responded by saying that they have met the FTX exec once and went on to add that he was the creditor of a deal they were handling. Handler then reverted, saying he had a lot of experience when runs occur. He expressed his willingness to meet SBF. His email read,

“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.” The 61-year-old American businessman even asked to forward SBF a note for a quick “lunch grab” in September in the Bahamas but got no response.FTX, on the other hand, is now

 

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