Former FTX CEO Sam Bankman-Fried (SBF), going through a number of legal costs associated to alleged misuse of consumer funds, reportedly denied most of the allegations towards him in paperwork containing a draft of a Twitter thread he by no means posted.In response to a Sept. 14 report from The New York Instances, paperwork offered by crypto influencer Tiffany Fong revealed particulars about Bankman-Fried’s life whereas underneath home arrest in addition to his ideas on the authorized crew dealing with FTX’s chapter case. SBF reportedly drafted a roughly 15,000-word X — previously Twitter — 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 influence internet constructive,” mentioned Bankman-Fried, based on 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. This is what it mentioned. https://t.co/2C2fCsOSmS— The New York Instances (@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 legal 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 making ready for his legal trial. SBF has been largely confined to the Metropolitan Detention Heart in Brooklyn following a federal choose revoking his $250-million bond on bail because of allegations concerning witness intimidation.Associated: Caroline Ellison’s listing of ‘Issues Sam Is Freaking Out About’ could possibly be utilized in trialPrevious to his bail being revoked, Bankman-Fried had been largely staying in his mother and father’ California dwelling for roughly 8 months — when the drafted tweets had been reportedly written. It’s unclear if the paperwork are already within the arms of prosecutors or can be used throughout both of his two legal 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 FTX former engineering director Nishad Singh have already pleaded responsible to comparable fraud costs. Bankman-Fried has pleaded not responsible to all counts.Journal: Are you able to belief crypto exchanges after the collapse of FTX?
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