Commonly known as the “Wolf of Wall Street,” Jordan Belfort said that SBF was “done” and that the implosion of the FTX ecosystem was largely fuelled by the amphetamine use of Caroline Ellison, the former CEO of Alameda Research, who was arrested alongside SBF.

“They have copped pleas, which means that they’re giving a roadmap to the U.S. attorney and the FBI right now. This guy has got no shot. He has no defense. He’s gonna plead guilty at some point and cop a plea. He’s not going to go to trial, and he’s going to get sentenced. My guess is somewhere north of 50 years in jail, maybe even more.”

Referring to Ellison, he also commented that “it’s very easy to lose massive sums of money” when drugs are involved, explaining that:

“The thing about amphetamines and cocaine is that you think you’re sharper when you’re on them, but you’re actually not nearly as sharp, but you really think you’re brilliant, so in her own mind, she thinks she’s got this collective brilliance around her by being high on amphetamines.”

On top of that, he believes that Ellison was lulled into the “false sense of security from when anyone could make money in crypto trading,” but that later on, “the way they make money starts to collapse and now she has to be a real trader, (…) and she got absolutely, positively slaughtered on leverage fuelled by methamphetamines.”