Former FTX CEO Sam Bankman-Fried, who faces multiple criminal charges for allegedly misusing user funds, has reportedly denied many of the accusations against him in documents containing draft posts on X (formerly Twitter), but he The post was never published.
According to a report by the New York Times on September 14, documents provided by cryptocurrency influencer Tiffany Fong revealed details of Bankman-Fried’s life during house arrest and his thoughts on the legal team handling the FTX bankruptcy case. The former CEO, also known as SBF, reportedly drafted an X post of approximately 15,000 words but never posted it to the social media platform.
“I may never be able to do anything to make a positive difference in my life,” Bankman-Fried said, according to the report. “[T]In fact, I did what I thought was right. “
“The truth is, I did what I thought was the right thing.” Sam Bankman-Fried, founder of failed cryptocurrency exchange FTX, wrote a 15,000-word Twitter thread that was never published. Here’s what it says. https://t.co/2C2fCsOSmS
— The New York Times (@nytimes) September 14, 2023
The drafted posts reportedly contained personal information about SBF’s personal relationship with former Alameda Research CEO Caroline Ellison, who is set to testify in a criminal trial starting in October. The draft alleges that Ellison refused SBF’s request to stop hedging the Alameda deal, leading him to send a message with “the meanest thing I’ve ever said to her.”
Bankman-Fried has not tweeted on X since January, although he may still have access to the platform and the internet as he prepares for his criminal trial. SBF is essentially being held at the Brooklyn Metropolitan Detention Center after a federal judge revoked his bail and $250 million bail due to allegations of witness intimidation.
related: Caroline Ellison’s list of ‘things that scared Sam’ could be used in trial
Bankman-Fried lived mostly at her parents’ home in California for about eight months before her bail was revoked – which is when the draft tweet was reportedly written. It is unclear whether the documents are already in the hands of prosecutors or whether they will be used in his two criminal trials, the first of which is scheduled to begin on October 3. SBF faces 12 charges related to FTX and Alameda fraud.
Ellison, former FTX Digital Markets co-CEO Ryan Salame, FTX co-founder Gary Wang and former FTX director of engineering Nishad Singh have all pleaded guilty to similar fraud charges. Bankman-Fried has pleaded not guilty to all counts.
Magazine: Can you still trust crypto exchanges after FTX crashes?
