What next? That’s what the community was wondering as Sam Bankman-Fried, the ex-CEO of FTX, wrote letter after letter of a mysterious message on Twitter. The latter is complete, but it’s still unclear what he was trying to communicate…
Sam Bankman-Fried completes his message on Twitter
It had the community curious since yesterday – and wondering about Sam Bankman-Fried’s sanity. The message began with “What” and was followed by several letters. Apparently bored with the game, the ex-CEO of FTX finished it off in one go: the letters spell out the phrase “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
All this ends with a legal disclaimer:
“This is not legal or financial advice. This is all I can remember, but my memory may be partially faulty. “
What Twitter users have instead questioned is why SBF wrote this message as his empire collapsed. Asked by the New York Times on Sunday night, the man simply said:
“I’m improvising. I think it’s a good time to do it. “
Really? One wonders about Sam Bankman-Fried’s motives, as the New York Times article reveals many flaws in FTX’s management. The former CEO admits to the murky links between Alameda Research and FTX, with the exchange having lent billions of dollars of client funds to the investment firm.
Tweets deleted by Sam Bankman-Fried
Some suggest SBF’s antics are being used to deflect attention from several tweets deleted since the FTX case broke. The Tie Terminal has compiled a list of these, which are now searchable in an archive. Given what is now known, 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 11 November, at the start of the crisis, he said:
FTX is doing well, assets are doing well. FTX has enough [liquidity] to cover all client funds. We are not investing customer assets. “
The “most generous billionaire”, as he was known until recently, has covered his tracks well. The only people who knew about Alameda Research’s borrowing would have been Caroline Ellison, the CEO of Alameda Research and former partner of Sam Bankman-Fried, Nishad Singh, FTX’s chief engineer, and Gary Wang, the CTO.
This case reveals more and more gaps between Sam Bankman-Fried’s image and his actual actions. The current whereabouts of the ex-billionaire are unknown and he will certainly face legal penalties. So the FTX case is far from over
