Former FTX CEO Sam Bankman-Fried, who was facing multiple criminal charges related to the alleged misuse of user funds, reportedly denied many of the allegations against him in documents that included a draft thread on X (formerly Twitter). he never posted.
According to a September 14 New York Times report, documents provided by crypto influencer Tiffany Fong revealed details about Bankman-Fried’s life while under house arrest, as well as his thoughts on the legal team that handled FTX’s bankruptcy case. The former CEO, who also goes by SBF, reportedly wrote an X-thread of around 15,000 words but never posted it on the social media platform.
“There will probably never be anything I can do to make my life impact net positive,” Bankman-Fried said, according to the report. “[T]The truth is that I did what I thought was right.”
“The truth is that I did what I thought was right.” Sam Bankman-Fried, the founder of failed cryptocurrency exchange FTX, wrote a 15,000-word Twitter thread that he never posted. Here’s what it said. https://t.co/2C2fCsOSmS
– The New York Times (@nytimes) September 14, 2023
The posts written reportedly contained personal information about SBF’s personal relationship with former Alameda Research CEO Caroline Ellison, who will testify in his criminal trial beginning in October. The drafts alleged that Ellison refused SBF’s request to stop Alameda’s trade hedges, leading to him sending a message with “the meanest thing I’ve ever said to her.”
Bankman-Fried hasn’t tweeted anything on X since January, although he likely still has access to the platform and the internet as he prepares for his criminal trial. SBF was largely jailed at the Metropolitan Detention Center in Brooklyn after a federal judge revoked his bail and $250 million bond amid allegations of witness intimidation.
Related: Caroline Ellison’s list of “things Sam freaks out about” could be used in the trial
Before his bail was revoked, Bankman-Fried had been staying largely at his parents’ home in California for about eight months – when the tweets were reportedly written. It is unclear whether the documents are already in the hands of prosecutors or will be used in one of his two criminal trials, the first of which is scheduled to begin on October 3. SBF faces 12 counts related to fraud at FTX and Alameda.
Ellison has already pleaded guilty to similar fraud charges alongside former FTX Digital Markets co-CEO Ryan Salame, FTX co-founder Gary Wang and former FTX technical director Nishad Singh. Bankman-Fried pleaded not guilty to all counts.
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