Sam Bankman-Fried denies moving Alameda funds in latest tweet

Hull Invest

FTX founder and former CEO Sam Bankman-Fried returned to Twitter on Dec. 30 after weeks of inactivity following his arrest.

Bankman-Fried commented on the recent incident where Alameda-related cryptocurrency addresses moved at least $1.7 million in assets. These funds were transferred to the Cryptomixer in several batches on December 28th.

Bankman-Fried denied he was involved in the movement. write in:

None of these are me. I have not moved any of those funds, nor have I been able to. I can’t access it anymore.

However, he added that “various legitimate legs of FTX” would likely have access to those funds, and said he hoped those entities would be behind the movement of the funds. It also said it was “excellent to advise regulators” to investigate the matter.

Bankman-Fried’s desire to cooperate with the authorities is no doubt due to the severe criminal charges he faces. As a result, Bankman-Fried could try to arrange a plea bargain similar to what his associates Caroline Ellison and Gary Wang got.But one former federal prosecutor said Bankman-Fried A profitable deal is unlikely Because of his primary role in the FTX fraud allegations.

Bankman-Fried’s next hearing is scheduled for January 3rd. By the way, The Wall Street Journal today suggested, based on its sources, that Bankman-Fried would plead not guilty.

Bankman-Fried has been otherwise silent for the past three weeks. He didn’t tweet for two days after his December 12th arrest, and then took a few weeks off from his Twitter. After his FTX collapsed in November, Bankman-Fried frequently defied his lawyers by releasing his public statement and apologizing.

Posted In: FTX, Exchanges

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