SBF’s Unposted Twitter Thread Leaks: I’m “Broke” and “Hated”

In 250 pages of writings on reflections, ramblings, and self-justifications, SBF said his piece about the fall of FTX.

Sam Bankman-Fried sitting lonely and sad in the rain.
Created by Kornelija Poderskytė from DailyCoin
  • SBF has leaked hundreds of pages of an unshared Twitter thread.
  • The CEO laments his legal woes and blames others.
  • His trial is set for next month.

Disgraced FTX founder Sam Bankman-Fried (SBF) has reportedly leaked a 250-page unposted Twitter thread lamenting his legal predicament while under house arrest at his parents’ home in Palo Alto, California.

SBF was out on bail on a $250 million bond since December 2022 until a federal court in Manhattan revoked the arrangement on August 11 after finding him culpable of tampering with witnesses at least twice.

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In the exclusive thread, SBF sheds light on how he might defend himself at his upcoming October 3 trial.

Reflections and Self-Justifications

According to some of the material shared with the New York Times, SBF wrote several pages reminiscing about his childhood memories and rambling about his role in the fall of FTX, the biggest company collapse the industry has witnessed so far.

Notably, SBF stated that he did what he thought was right while deflecting the blame for the collapse onto his former associates, including his ex-lover and former Alameda Research CEO, Caroline Ellison, whom she accuses of constantly avoiding talking about risk management and “dodging” his suggestions.

“I’m broke and wearing an ankle monitor and one of the most hated people in the world,” SBF wrote. “There will probably never be anything I can do to make my lifetime impact net positive.”

SBF is currently detained at the Brooklyn Metropolitan Detention Center (MDC) after Judge Lewis Kaplan denied his second motion for a temporary release.

A Case to Answer

While SBF reiterated in the writings that he never misused customer money, the U.S. Attorney for the Southern District of New York will prosecute the former CEO on multiple criminal counts, to all of which he pleaded not guilty on August 22.

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SBF will be tried on seven counts of fraud and money laundering, alongside an additional campaign finance law violation, which the prosecution intends to prove aided in the commissioning of other crimes.

Read how SBF was accused of using $100 million to bankroll political campaigns:
SBF Allegedly Used $100M in Stolen Funds for Political Contributions

Stay updated on Ryan Salame’s (former FTX executive) guilty plea:
Former FTX Executive to Forfeit $1.5B After Pleading Guilty

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Brian Danga

Brian Danga, a Kenyan crypto reporter, is dedicated to delivering breaking news and updates from the cryptocurrency world. With a background as a Web3 writer and project manager, he recognizes the importance of unbiased reporting. Holding an LLB degree from the University of Nairobi, Brian's analytical skills contribute to his accurate news reporting. His personal interests include cooking, watching documentaries, reading, and engaging in intellectual discussions.