Cryptocurrency

Sam Bankman-Fried ends bizarre tweet thread and we are still none the wiser

Former CEO of FTX Sam Bankman-Fried (SBF) appeared to end the day’s cryptic tweet thread with a standard disclaimer and reference to poor memory.

The problem is that the community isn’t yet wise as to what that means.

Is Sam Bankman-Fried okay?

November 14SBF started posting A series of word-for-word tweets reading “What HAPPENED” were posted hours apart.

The unusual nature of this behavior is what SBF was trying to convey, whether there was a hidden message to the “insider” and whether his mental health was suffering because of the company’s financial black hole. sparked a flood of speculation about

The latter point is more relevant given that rumors of stimulants, including amphetamines, are an important aspect of the company’s corporate culture.

Internet detectives have found many clues and evidence to support the rumors. For example, her CEO of Alameda, Caroline Ellison, posted a tweet in her 2021 talking about how amphetamines enhanced her “human experience.”

Similarly, in 2019, SBF also tweeted about the upper-downer regime to ensure well-rested while maximizing productivity.

Closing his cryptic tweet thread with a post that says it’s not financial or legal advice raises concerns about SBF’s mental state as he talks about amnesia.

Despite the mysteries and intrigues elicited by the series of tweets, applying Occam’s razor, Reddit post On this issue, he shared his view that this is an attempt to troll the community.

“i don’t believe [sic] As many others have suggested, he does this to claim mental illness in court or to hack..[sic] He’s doing it on purpose to troll people…which clearly shows he has no regrets…”

No FTX Scandals Done

FTX Group filed for Chapter 11 bankruptcy on November 11, and SBF resigned as CEO at the same time.

Corporate structure includes 130 companiesand the large number of venture investments being made across the industry, the potential for further spillovers is high.

Ian TaylorThe executive director of industry group Crypto UK said his information indicated that the majority of the lost funds belonged to institutional investors.

It was already revealed that the Ontario Teachers’ Pension Plan was investing. $95 million On a defunct exchange. His CIO at Ikigai, Travis Kling, also admitted on Nov. 14 that he lost a significant chunk of investor money.

The ramifications of the scandal will undoubtedly continue to affect the industry as a whole and will continue into the future.

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