SBF Reflects on Unemployment: “A Lot Less Relaxing Than It Looks”

• Sam Bankman-Fried made his first social media appearance since his 2023 arrest, discussing work management and layoffs
• SBF praised Elon Musk’s Department of Government Efficiency for its massive layoffs of government employees
• SBF hinted at hopes for a Presidential pardon, aligning himself more with the conservative party

Convicted fraudster Sam Bankman-Fried made his first appearance on social media after his arrest in 2023. In his first public social media appearance since being locked up, the FTX co-founder went on a rant about work management, and the difficulty of firing employees. 

SBF started the post by praising the U.S. Government, and particularly the Department of Government Efficiency (DOGE), led by Elon Musk. Since taking the reigns of the department, Musk has been responsible for a massive number of layoffs of government employees. 

The subject quickly became polarizing in American discourse. While some argue that the layoffs will lead to a more efficient and less bureaucratic Government, as well as a more controllable Federal deficit—the opposition highlights that DOGE’s actions will lead to higher unemployment, less job creation, and overall instability in the U.S. economy. 

In his series of Twitter posts, SBF showed sympathy for the Government employees, later sharing his experiences as a boss and how hard firing someone really is. Ultimately, Sam Bankman-Fried argues that despite the hardship of having to let someone go, it is usually for the better of the company. 

SBF Pushing For a Presidential Pardon?

Known back in the day for his left-leaning point of view and public support of the Democratic party—SBF has apparently taken a shift in stance.

In a phone interview with The Sun on February 20, Bankman-Fried opened up about how he sees his sentence was was politically motivated and part of a broader crackdown on the crypto industry.

Throughout the entire interview, SBF spoke on several different topics, including how he sees himself as more aligned with the conservative party nowadays, and how he believes his conviction was politically motivated.

Since Sam Bankman-Fried’s prosecution was a Federal case, the sitting U.S. President has the authority to pardon the person convicted. While not flat-out asking for a Presidential pardon, the former FTX CEO hinted at his hopes for clemency.

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