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Home Stories

Sam Bankman-Fried’s Close Relationship With Celebrities Is Denied

November 21, 2022
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Celebrities are erasing evidence of ever having a close relationship with Sam Bankman-Fried after getting serious from the collapse of FTX.
Sam Bankman-Fried

According to Blockworks, as industry insiders analyze the increasingly dire consequences of FTX’s demise, celebrities have quietly erased evidence of a once-close relationship with former FTX CEO Sam Bankman-Fried (SBF).

For example, American football superstar Tom Brady and then-wife Gisele Bundchen bought shares of FTX in 2021. He deleted all evidence regarding FTX and Sam Bankman-Fried on Twitter.

CFTC Commissioner Caroline Pham deleted a photo she posted with the Sam Bankman-Fried shortly after she was sworn into office in April this year, and after FTX filed for bankruptcy, Pham continued to call for global regulation more closely in an interview with Bloomberg last week after FTX filed for bankruptcy.

It's so weird that CFTC Commissioner Caroline Pham has deleted this tweet (along with every other chummy reference to FTX, apparently).

Meanwhile, somewhere a small RIA is being referred to Enforcement for not captioning an S&P500 chart as non-investable.#BITFD pic.twitter.com/X0zwF7vAI5

— Ben Hunt (@EpsilonTheory) November 9, 2022

Hedge fund billionaire Bill Ackman has deleted his supportive reply to the SBF’s apology tweet.

American politicians are giving up the benefit of the SBF’s “nefarious revenues”. With Democrat Dick Durbin and Democrats Dick Durbin and Jesús “Chuy” García said they will donate the $2,900 they received from Bankman-Fried to undisclosed charities , according to a report from the Daily Beast. Republican David Schweikert has pledged to forego his FTX-linked cash, which also amounts to $2,900.

FTX

The denial of ever having a relationship with FTX and its CEO seems obvious after the crypto exchange and more than 130 related companies filed for Chapter 11 bankruptcy.

There is a lot of doubt and evidence being raised about the violations of FTX and its operators. The legal authorities of the Bahamas, where it is headquartered, along with US legal agencies such as the DOJ, the CFTC, the SEC are all working hard to investigate surrounding this sudden collapse.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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