Annotated: Sam Bankman-Fried's “FTX Pre-Mortem Overview”
> Judge Dorsey ultimately overruled objections to their retention by two individual FTX creditors.<p>I think Molly White defaults to too much credibility in judges and lawyers.<p>SBF's main argument is that Sullivan & Cromwell misled him into going the Chapter 11 route, which he later learned was more motivated by its ability to make hundreds of millions rather than helping his customers. He made a mistake in trusting them. All entrepreneurs make mistakes in trusting people they should not.<p>He admits to serious mistakes with Alameda etc, but believes those were recoverable. I would agree—the crypto market is huge and so important—and think as long as all customers get their money back, that it was fixable.<p>I think S&C has done a terrible job with FTX since taking over since the bankruptcy, so find SBF's argument to have merit.<p>SBF's main message to entrepreneurs, which I think is a good one: be more transparent, and be careful who you trust.<p>Source: I think I have $30,000 in my FTX.us account, so if anything I should be biased against SBF/FTX. But I am currently dealing with a dishonest lawyer and incompetent judge in the San Diego Family Law Cartel, so I am biased against the system at the moment.