The in-house performance coach at FTX admitted on Tuesday that the doomed crypto firm’s headquarters in the Bahamas was a “pretty tame place” – despite rampant speculation about executives’ sex lives and alleged substance use.
Online rumors claiming the group lived in a “polycule” — or network of polyamorous relationships — surged after CoinDesk reported executives “are, or used to be, paired in romantic relationships with each other.”
Dr. George K. Lerner, a psychiatrist, reportedly served as a therapist to the disgraced CEO of FTX Sam-Bankman-Fried and advisor to many employees of the firm. Bankman-Fried and his former lover Caroline Ellison reportedly part of a 10-person group which ran FTX and sister cryptocurrency trading firm Alameda Research from a “luxury penthouse” in the Bahamas.
“It’s a pretty tame place,” Lerner said told the New York Times. “Upstairs, they mostly play chess and board games. There are no parties. They are undersexed, if anything.
Lerner told the outlet he moved to the Bahamas in June — where he works as an advisor at FTX for 32 hours a week and also maintains a “small private practice.” Performance coach confirms FTX executives are workaholics with little in the way of social life.
“It’s too much work,” he added. “They will be healthier if they have a healthier dating relationship.”
The personal habits of Bankman-Fried and other executives are under the microscope following reports that at least $1 billion in FTX client funds are still missing. FTX, Alameda Research and more than 100 affiliates Filed for bankruptcy last week.
Lerner also addressed viral rumors about the alleged use of stimulants by FTX executives. Ellison, CEO of Alameda Research, admitted to “regular amphetamine use” in an April 2021 tweet, while Bankman-Fried has discussed her experiments with Adderall and other stimulants.
Amphetamine can be prescribed under the brand name Adderall as a drug to treat attention deficit hyperactivity disorder (ADHD).
Lerner told the Times that while some FTX employees may have been prescribed ADHD medication, “the rate of ADHD at the company is in line with most tech companies.”
Lerner also admitted to writing prescriptions to FTX employees he treated as patients in his private practice, although he did not specify which ones he prescribed.
The Post has reached out to Lerner, Bankman-Fried and FTX for further comment.
in separate interview with ViceLerner said he was a “trainer” for “about 100 employees, including 20 to 40 on a semi-regular basis.”
in a 15 September 2019 tweet, Bankman-Fried described behavior for optimized productivity in replying to fellow Twitter users. That user’s message has since been deleted, but Bankman-Fried’s post is still online.
“Stimulants when you wake up, sleeping pills if you need them when you sleep,” Bankman-Fried tweeted. “Watch where your head space is: I often sleep in the office so my mind doesn’t leave work between shifts.”
The Lerner and Bankman-Fried associations began to emerge in the currently deleted profile published last September on the Sequoia Capital website, where he was identified as a former billionaire therapist. The investment giant was recently forced to mark the value of its investment in FTX down to zero.
A psychiatrist told the New York Times that Bankman-Fried had some “nervous habits,” such as “rapid tapping of her feet” — one thing. he apparently did in an October interview with Chuck Todd on MSNBC’s “Meet The Press Reports.” During the interview, Bankman-Fried tapped her foot so furiously that she appeared to be shaking.
Lerner said that Bankman-Fried used a “fidget spinner” toy and also played video games to relieve stress.
Shrinking also dismissed the possibility that Bankman-Fried knowingly made a mistake.
“I could just see him doing it, to be honest,” Lerner said. “I mean, I guess I should sit down with him and understand why. But I’m having a hard time getting past that.”