The latest message from former FTX CEO Sam Bankman-Fred has onlookers baffled and anxious after the rapid decline to the bankruptcy of the cryptocurrency exchange he founded.
In successive tweets, Bankman-Fried only said, “What,” followed by the capital letter H.
Bankman-Fried has been an active tweeter throughout FTX’s demise, previously writing that he was “shocked to see things fall apart the way they did.”
Twitter and Tesla CEO Elon Musk, who also faces some difficultieshe tweeted using fiery emojis to try to translate an encrypted tweet.
Musk also tweeted his amusement by claiming that Bankman-Fried played League of Legends – the The same game the CEO was infamously playing When venture capital firm Sequoia invested in FTX.
While the broadest feeling on social media was a desire to imprison him, there was also concern for his health.
FTX has filed for Chapter 11 bankruptcy protection, and over the weekend there also appeared to be a breach of client funds. Meanwhile, the securities regulator at FTX’s Bahamas headquarters said it had not asked to prioritize withdrawing funds for Bahamian clients.
Reuters reports allegations that Bankman-Fried had a “back door” that allowed him to conceal the transfer of client money to his Alameda hedge fund, something which Bankman-Fried told the news agency was just “confusing to insider labels”.
“Explorer. Unapologetic entrepreneur. Alcohol fanatic. Certified writer. Wannabe tv evangelist. Twitter fanatic. Student. Web scholar. Travel buff.”
SVB failure is a ‘written case of ‘mismanagement’
China’s Baidu reveals more capabilities of its AI-powered chatbot Ernie
Asian stocks are volatile as banks face default pressure