Sam Bankman-Fried says ‘I did what I thought was right’ in leaked docs: Report

Former FTX CEO Sam Bankman-Fried (SBF), dealing with a number of prison fees associated to alleged misuse of consumer funds, reportedly denied lots of the allegations towards him in paperwork containing a draft of a Twitter thread he by no means posted.

In keeping with 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 group 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 affect web constructive,” stated Bankman-Fried, in line with the report. “[T]he reality is that I did what I believed was proper.”

“The reality is that I did what I believed was proper.” Sam Bankman-Fried, the founding father of the failed cryptocurrency change FTX, wrote a 15,000-word Twitter thread he by no means posted. This is what it stated. 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 prison 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 stated 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 getting ready for his prison trial. SBF has been largely confined to the Metropolitan Detention Heart in Brooklyn following a federal decide revoking his $250-million bond on bail on account of allegations relating to witness intimidation.

Associated: Caroline Ellison’s checklist of ‘Issues Sam Is Freaking Out About’ may very well be utilized in trial

Previous to his bail being revoked, Bankman-Fried had been largely staying in his dad and mom’ California house for roughly eight months — when the drafted tweets have been reportedly written. It’s unclear if the paperwork are already within the palms of prosecutors or will probably be used throughout both of his two prison 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 fees. Bankman-Fried has pleaded not responsible to all counts.

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