What will be the next letter? This is what the community wondered as Sam Bankman-Fried, the ex-CEO of FTX, wrote letter by letter a mysterious message on Twitter. The latter is finished, but we are still not sure what he was trying to communicate…
Sam Bankman-Fried completes his Twitter post
This has aroused the curiosity of the community since yesterday – and some questions about the mental balance of Sam Bankman-Fried. Started with “What”, the message was followed by several letters. Apparently tired of the game, the ex-CEO of FTX finished it off with a bang: the letters spell out the phrase “What happened” (What happened / What happened):
10) [NOT LEGAL ADVICE. NOT FINANCIAL ADVICE. THIS IS ALL AS I REMEMBER IT, BUT MY MEMORY MIGHT BE FAULTY IN PARTS.]
— SBF (@SBF_FTX) November 15, 2022
It all ends with a legal disclaimer:
“This is not legal or financial advice. That’s all I remember, but my memory might be partially faulty.»
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What Twitter users have rather questioned is the reasons that pushed SBF to write this message, while its empire collapsed. Asked by the New York Times on Sunday evening, the man simply said:
“I improvise. I think now is the right time to do it.»
Really ? One can wonder about the motivations of Sam Bankman-Fried, while the New York Times article reveals many flaws in the management of FTX. The ex-CEO thus admits the murky ties between Alameda Research and FTXthe exchange having lent billions of dollars in client funds to the investment firm.
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Tweets deleted by Sam Bankman-Fried
Some suggest that SBF’s escapades serve to distract from several tweets deleted since the FTX affair broke. The Tie Terminal has compiled a list of these, which are now viewable in an archive. Given what we now know, the tweets show that Sam Bankman-Fried repeatedly lied to his community.
We’ve archived @SBF_FTX‘s tweets over the past year. Due to the recent bankruptcy, and growing concern around his account activity, we’ve decided to release the list of 118 tracked tweets that have since been deleted after posting.https://t.co/ts04Mbvv1z
— The Tie (@TheTieIO) November 15, 2022
On November 11, at the start of the crisis, he stated as follows:
“FTX is doing well, assets are doing well. FTX has enough [de liquidités] to cover all client funds. We do not invest client assets.»
The “most generous billionaire”, as he was still nicknamed recently, covered his tracks well. The only people who knew about Alameda Research’s borrowings were reportedly Caroline Edison, CEO of Alameda Research and former girlfriend of Sam Bankman-Fried, Nishad Singh, FTX’s chief engineer, and Gary Wang, the technical director.
This affair therefore reveals more and more flaws between the image of Sam Bankman-Fried and his real actions. The ex-billionaire’s current whereabouts are unknown. who will certainly face legal penalties. The FTX case is therefore far from over.
👉 Read – Kraken freezes all accounts belonging to FTX and Alameda Research
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Source: The New York Times – Image: FTX
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