Investment Bank CEO Warned SBF of FTX Collapse

Even after his second approach barely two months ago, he got no answer from Bankman-Fried.
Richard “Rich” Handler, CEO of investment banking firm Jefferies Group, said on Twitter that he unsuccessfully attempted to contact FTX CEO Sam Bankman-Fried earlier this year, when the latter was proposing bailouts to multiple ailing companies.
During the course of revealing his “personal email trail” about “non-meeting with FTX,” Handler disclosed many photographs that he had sent to an unknown individual inquiring whether they knew Bankman-Fried.
The correspondence was dated July 2022. The receiver replied that they had met the FTX executive once and that he was the creditor of a transaction they were managing.
The handler then responded, stating that he had extensive expertise with runs. He stated his desire to meet with 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 requested SBF’s contact information for a September lunch in the Bahamas, but received no answer.
In retrospect, Handler said that “just like a broken clock, even a boomer can be right sometimes.”
After a botched transaction with Binance, FTX is currently awaiting a fundraising from Justin Sun of Tron.
Following Binance’s announcement that it would sell all of its FTT tokens, the business suffered a severe liquidity issue.










