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Former FTX boss Sam Bankman-Fried (SBF) launched a newsletter on Thursday and in it, he categorically denies that he stole funds or stashed billions away.
But suffice to say, trolls on Twitter still aren’t convinced of his innocence and are working hard to tear him apart.
Dude, by now you should only be able to look a painted brick wall inside your cell, while eating three days old slice of bread, and not setting up another scam.
— Tony M. (@macijauskasm) January 12, 2023
A recent profile on Puck provides some insight into his psyche.
SBF is now holed up in his parents’ home in Palo Alto, protected by a German shepherd and two security guards working 24/7 to keep the fallen crypto king alive. It’s not paranoia – SBF recalled that there was one citizen vigilante who was stopped by his guards. It’s also an incredibly lonely and emotionally trying time for him as he awaits trial in October.
If convicted for the eight criminal charges that he is facing, SBF could serve up to 115 years in prison.
“For a number of years, I was incredibly lucky and fortunate in terms of a lot of the relationships and support that I had,” he said to Puck. “Now there’s basically nothing left.”
SBF hasn’t spoken to members of his inner circle since FTX blew up in mid-November 2022. For good reason – they’ve all been cooperating with the authorities to throw him under the bus, entering into various agreements to make the best out of the situation.
The latest to fold is FTX’s former head of engineering, Nishad Singh, who has not been accused of any wrongdoing but is looking to cut a plea agreement in exchange for information on FTX’s and SBF’s political donations. He’ll likely need to provide further detail on the US$543 million worth of loans that he received from Alameda Research.
Singh adds to the growing list of key SBF confidantes that have buckled. Former Alameda Research CEO Caroline Ellison and ex-FTX CTO Gary Wang pled guilty last year, while former FTX head of compliance Daniel Friedberg is also expected to testify as a government witness in SBF’s October trial. Friedberg has not been charged or told that he is under criminal investigation.
THE BIG STORY
⭐ TO THE STARS
🌙 TO THE MOON
🌏 BACK TO EARTH
STILL A PONZI SCHEME
MORE TO CHEW ON
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