Sam Bankman-Fried, founder and former CEO of FTX, returned to Twitter on Dec. 30 after weeks of inactivity coinciding along with his arrest.
Bankman-Fried commented on a latest occasion that noticed Alameda-related cryptocurrency addresses transfer not less than $1.7 million of property. These funds have been transferred to crypto mixers in a number of batches on Dec. 28.
Bankman-Fried denied that he performed any function on this motion, writing:
None of those are me. I’m not and couldn’t be transferring any of these funds; I don’t have entry to them anymore.
Nonetheless, he added that it’s possible that “numerous legit legs of FTX” can entry these funds and stated that he hopes that these entities have been behind the motion of funds. He additionally stated that he’s “completely satisfied to assist advise regulators” to research the matter.
Bankman-Fried’s need to cooperate with authorities is undoubtedly because of the harsh prison costs he faces. Because of this, Bankman-Fried may probably try to rearrange a plea deal much like these obtained by his associates, Caroline Ellison and Gary Wang. Nonetheless, one former federal prosecutor has steered that Bankman-Fried is unlikely to be given a positive deal because of his lead function in FTX’s alleged fraud.
Bankman-Fried’s subsequent listening to is about for Jan. 3. By the way, the Wall Road Journal steered right now that, based mostly on its sources, Bankman-Fried will plead not responsible.
Bankman-Fried has been in any other case silent for the previous three weeks. He didn’t tweet within the two days following his arrest on Dec. 12 and was absent from Twitter within the following weeks. After FTX’s collapse in November, Bankman-Fried continuously defied legal professionals by making public statements and issuing apologies.
Posted In: FTX, Exchanges