Former FTX CEO Sam Bankman-Fried, dealing with a number of prison prices associated to alleged misuse of consumer funds, reportedly denied most 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 line 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 underneath 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 in all probability by no means be something I can do to make my lifetime impression internet optimistic,” mentioned Bankman-Fried, in keeping with the report. “[T]he reality is that I did what I assumed was proper.”
“The reality is that I did what I assumed 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. Here 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 doubtless nonetheless has entry to the platform and web entry whereas making ready for his prison trial. SBF has been largely confined to the Metropolitan Detention Middle in Brooklyn following a federal choose revoking his bail and $250 million bond on account of allegations relating to witness intimidation.
Associated: Caroline Ellison’s list of ‘Things Sam Is Freaking Out About’ could be used in trial
Previous to his bail being revoked, Bankman-Fried had been largely staying in his mother and father’ 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 arms of prosecutors or will probably 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 guilty to comparable fraud prices. Bankman-Fried has pleaded not responsible to all counts.
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