Unpublished Tweets Show Sam Bankman-Fried Had Plans to Shutter Alameda in 2022

The former crypto king could have potentially saved himself a lot of trouble if he'd published his drafts.

Fear, uncertainty, and doubt around Alameda Research’s relationship with his FTX cryptocurrency exchange caused Sam Bankman-Fried to consider shuttering the trading platform in 2022, according to an unpublished tweet thread revealed in his trial on Monday. “Going forward, Alameda will continue to not do nefarious trading activity on FTX, because it won’t do any trades on FTX. Or anywhere else,” said Bankman-Fried in the unpublished posts. “Alameda Research is dead. Long live FTX.

He’s been accused of orchestrating a large-scale fraud at FTX, which led to the evaporation of billions of dollars worth of customer funds. Wednesday is the second day of testimony for Caroline Ellison, Alameda Research’s Chief Executive Officer, and former love interest of Sam Bankman-Fried. On Tuesday, Ellison pleaded guilty and claimed Bankman-Fried directed her to commit certain crimes, according to The New York Times.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Gizmodo /  🏆 556. in US

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

28 Hilarious Funny Viral Tweets From The Week'How do I form meaningful friendships as an adult without enrolling in grad school or joining a cult?'
Read more »

26 Hilarious Funny Viral Tweets From The Week'How do I form meaningful friendships as an adult without enrolling in grad school or joining a cult?'
Read more »

Here's 26 Tweets About Life Being Way Too Expensive'People be like 'live within your means,' as if rent, food, and gas are reasonably priced.'
Read more »

21 Tweets About The Germs Kids Come Home With That Are All Too RealMarie Holmes is the parenting reporter at HuffPost. Her work has appeared in Scary Mommy, Good Housekeeping, Cosmopolitan, The Washington Post and other publications. She lives with her wife and their two children in New York City.
Read more »

Elon Musk deletes tweets promoting 'fake news' reporting on Israel-Gaza warToday's Business Headlines: 10/6/23
Read more »

28 Funny Black Twitter Tweets From This Week'Winter hold on…I ain’t got a coat, a man, iron pills or nothing!'
Read more »