CoinDesk reported:
The most obvious is that, while Bankman-Fried is defying whatever legal and PR advisors he can still afford to pay, he is nonetheless pursuing a “strategy” of his own devising. Despite the admissions above, he is advancing an obfuscated version of events according to which he was hapless, distracted, and not really in charge of anything going on at FTX. In effect, he is building the foundation for a criminal defense in which he would be portrayed as incompetent, but not criminal, with Alameda Research CEO Caroline Ellison perhaps thrown under the bus in his stead.