What is the next letter? This is what the community is wondering as Sam Bankman-Fried, the ex-CEO of FTX, wrote the letter in a cryptic message on Twitter. The latter is over, but we’re still not sure what he’s trying to convey…
Sam Bankman-Fried completed his post on Twitter
This has piqued the community’s curiosity since yesterday – and some questions about the sanity of Sam Bankman-Fried. Beginning with “What”, the message is followed by several letters. Apparently tired of the game, the ex-CEO of FTX ended it 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, though my memory may be a little off.»
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What Twitter users have asked more are the reasons that prompted SBF to write this message, as its empire crumbles. Asked by the New York Times on Sunday night, the man simply said:
“I improvised. I think now is the right time to do it.»
Really? One might wonder about Sam Bankman-Fried’s motivations, as the New York Times article reveals many flaws in FTX’s management. The ex-CEO thus admitting the murky relationship between Alameda Research and FTXthe exchange that 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 some of the tweets that have been deleted since the FTX affair broke. Tie Terminal has compiled a list of them, which can now be found in an archive. Because of what we now know, the tweets show that Sam Bankman-Fried repeatedly lied to his community.
We have archived it @SBF_FTXTweets by over the past year. Due to the recent bankruptcy, and growing concern about his account activity, we have decided to release the list of 118 monitored tweets that have been deleted after posting.https://t.co/ts04Mbvv1z
— The Tie (@TheTieIO) November 15, 2022
On November 11, at the beginning of the crisis, he said the following:
“FTX is doing well, assets are doing well. FTX is enough [de liquidités] to cover all client funds. We do not invest client assets.»
The “most generous billionaire”, as he was still dubbed recently, covered his tracks well. The only people who knew about Alameda Research’s borrowings were reportedly Caroline Edison, CEO of Alameda Research and ex-girlfriend of Sam Bankman-Fried, Nishad Singh, FTX’s chief engineer, and Gary Wang, the technical director.
This romance therefore shows more and more flaws between the image of Sam Bankman-Fried and his real actions. The current whereabouts of the ex-billionaire are unknown. which will surely 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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