The crypto community has been vocal about its views on the former CEO of FTX Sam “SBF” Bankman-Fried “pre-mortem summary” of the FTX collapse which he posted on January 12 as a letter on Substack.

As Cointelegraph previously reported, SBF denied the allegations made against it in the lengthy letter, maintaining that FTX US had been “fully solvent” at the time the company filed for Chapter 11 bankruptcy, with approximately $350 million in cash available. .

Bankman-Fried further claimed that FTX International had a substantial amount of assets (approximately $8 billion) when John Ray became CEO. According to Bankman-Fried, “No funds were stolen. Alameda lost money due to a market downturn for which it was not adequately covered, as Three Arrows and others have done this year.”

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Unfortunately for him, the crypto community didn’t seem impressed by SBF’s “pre-mortem overview”.

Wall Street Silver shared: “There is no mention of the billions in ‘loans’ he took from clients’ money to finance his lavish lifestyle and political donations. I’m surprised his legal team didn’t stop this guy from speaking out.”

Fintech analyst Peruvian Bull shared: “SBF is sitting in his parents’ mansion writing side articles blaming everyone but himself for the FTX fraud. He was a genius when he talked to venture capitalists, now all of a sudden we’re supposed to believe he’s the most incompetent CEO ever.”

Appeals lawyer Michael Tex Duncan commented: “It appears that SBF no longer tweets their crimes, but instead has a new sub-stack to detail them.”

Bitcoin (BTC) researcher Andrew Bailey commented: “SBF has a new Substack post full of reconstructed numbers and tables and estimates over the past few months from Alameda. I read them. They are a smokescreen. Obviously.”

Related: Sam Bankman-Fried: “I did not steal funds and I certainly did not save billions”

On Jan. 12, Cointelegraph reported that Joseph Bankman, the father of Bankman-Fried, has reportedly retained a lawyer as the criminal case against his son progresses. Bankman reportedly advised and assisted his son on matters related to lobbying lawmakers in Washington, DC and may now be cooperating with prosecutors behind the SBF case.

However, it is unclear whether Bankman has any criminal or civil liability related to the FTX collapse.