A recent episode of Southpark, an extraordinarily clever sitcom with numerous levels, showed Sam Bankman-Fried’s tale during the FTX’s downfall, which the former CEO significantly contributed to. The video appears to mock FTX based on the many apologies he took to Twitter and many other platforms after his fraud schemes were discovered leading to his arrest.
Context of the video
SouthPark’s episode on Sam kicks off with Sam introducing himself and testifying to an accidental theft of customer Ponzi savings to create a vast slash for himself. Fried apologizes for his actions and says he is “deeply sorry.” For a while, the whole video’s context builds on how SBF kept repeating the phrase “I’m Sorry” despite each mistake he made.
Southpark goes on to feature SBF’s arrest and unexpectedly introduces CZ, Binance’s CEO, as part of the team that took down Sam Bankman-Fried. However, Southpark doesn’t fail to mention how Sam’s bail release seems hauntfull to some parties.
Sam Bankman-Fried: From billionaire to a subject of mock
Since the collapse of FTX, Sam bank man-Fried has been the center subject to mocking due to his actions that contributed to the fall of the renowned crypto firm. Peter Schiff, a well-known gold bug and economist, recently mocked former FTX CEO Sam Bankman Fried while criticizing the cryptocurrency market. In a tweet from December 23.
The record number of young American adults living with their parents now includes former billionaire @SBF_FTX. Given that the #Bitcoin collapse is just getting started, I expect many more former #crypto millionaires to return to the nest, if they ever left in the first place.
— Peter Schiff (@PeterSchiff) December 22, 2022
Schiff continued by saying that more cryptocurrency billionaires would likely fail and that this was only the beginning of the Bitcoin crash. Assuming they ever left in the first place, he said, he anticipates many more former crypto billionaires to come home.
Before making his remark on FTX, Schiff tweeted his opinions on the FTX fall and the calls that followed for stricter crypto regulation, writing:
“Ironically, the major cryptocurrency firms are turning to the government to salvage the sector by introducing more regulation.”
It's ironic that the big players in #crypto are looking to government to save the industry with additional regulation. This goes against the very core of the original promise of #Bitcoin, which was to be the free market alternative to the corrupt government fiat monetary system.
— Peter Schiff (@PeterSchiff) December 19, 2022
Sam’s actions have drawn criticism and mocking all over his name. This is not expected to be the last, as many reports of documentaries on his collapse have made rounds while others have already been released. Fried should brace up for more mocking, especially now that South Park has already ignited the action. Also, because many crypto community members believe Sam’s actions did not deserve bail, more criticism is expected to come his way in the next few days.
Feature Image courtesy of Flickr: Scott Beale
