Former FTX CEO Sam Bankman-Fried, going through a number of prison fees associated to alleged misuse of person funds, reportedly denied lots of the allegations in opposition to him in paperwork containing a draft of a thread on X (previously Twitter) that he by no means posted.
In keeping with a Sept. 14 report from The New York Occasions, paperwork supplied by crypto influencer Tiffany Fong revealed particulars about Bankman-Fried’s life whereas beneath home arrest in addition to his ideas on the authorized staff dealing with FTX’s chapter case. The previous CEO, who additionally goes by SBF, reportedly drafted a roughly 15,000-word X thread however by no means posted it to the social media platform.
“There’ll most likely by no means be something I can do to make my lifetime affect internet optimistic,” mentioned Bankman-Fried, in accordance with the report. “[T]he fact is that I did what I believed was proper.”
“The reality is that I did what I believed was proper.” Sam Bankman-Fried, the founding father of the failed cryptocurrency trade FTX, wrote a 15,000-word Twitter thread he by no means posted. This is what it mentioned. https://t.co/2C2fCsOSmS
— The New York Occasions (@nytimes) September 14, 2023
The drafted posts reportedly contained private details about SBF’s private relationship with former Alameda Analysis CEO Caroline Ellison, who will testify in his prison trial beginning in October. The drafts claimed Ellison had refused SBF’s requests to cease Alameda’s buying and selling hedges, leading to him sending a message with “the meanest factor I’ve ever mentioned to her.”
Bankman-Fried has not tweeted something on X since January, although he seemingly nonetheless has entry to the platform and web entry whereas getting ready for his prison trial. SBF has been largely confined to the Metropolitan Detention Heart in Brooklyn following a federal choose revoking his bail and $250 million bond because of allegations concerning witness intimidation.
Associated: Caroline Ellison’s checklist of ‘Issues Sam Is Freaking Out About’ may very well be utilized in trial
Previous to his bail being revoked, Bankman-Fried had been largely staying in his dad and mom’ California dwelling for roughly eight months — which is when the drafted tweets had been reportedly written. It’s unclear if the paperwork are already within the fingers of prosecutors or will likely be used throughout both of his two prison trials, with the primary scheduled to start on Oct. 3. SBF faces 12 counts associated to fraud at FTX and Alameda.
Ellison, along with former FTX Digital Markets co-CEO Ryan Salame, FTX co-founder Gary Wang and former FTX engineering director Nishad Singh, have already pleaded responsible to related fraud fees. Bankman-Fried has pleaded not responsible to all counts.
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