SBF Tweets For The First Time Since His Arrest On December 12
Key Points:
- Mr Bankman-Fried claimed that he was not responsible for funds recently moved from Alameda Research wallets.
- Bankman-Fried is expected to plead not guilty to eight charges of fraud at a hearing next week.
Since his arrest earlier this month in the Bahamas, Sam Bankman-Fried (SBF), the former CEO of the now-collapsed crypto exchange FTX has posted a new tweet for the first time, saying he was not responsible for funds recently moved from Alameda Research wallets.
In the tweet, he said he was not responsible for cash that appeared to have been transferred from Alameda Research addresses after he obtained bail.
None of these are me. I’m not and couldn’t be moving any of those funds; I don’t have access to them anymore.
According to on-chain data, Ethereum wallet addresses affiliated with the defunct trading company Alameda Research exchanged multiple crypto tokens for ether and USDT on Wednesday before switching to bitcoin. The Alameda-linked wallets traded Lido, Polygon, Uniswap, and other tokens for ether and USDT before bridging to the Bitcoin network, according to Etherscan transaction data.
As Coincu reported on December 23, Mr Bankman-Fried was awarded a $250 million bail after the hearing. The bond was secured by the parent’s Palo Alto house, where the defendant would reside, and was signed by the defendant, his parents, and a non-family person.
Two days ago, Coincu indicated that Bankman-Fried was charged with two counts of wire fraud and six counts of conspiracy, including money laundering and campaign finance violations, and could face decades in prison if convicted, wherein, Bankman-Fried admitted to risk management failures at FTX. However, the founder of FTX solidly protested that he did not participate in fraudulent activities and would not be held criminally responsible.
Additionally, The Wall Street Journal also reported that Bankman-Fried is expected to plead not guilty to eight charges of fraud at a hearing next week.
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.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Thana
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Author
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SBF Tweets For The First Time Since His Arrest On December 12
Key Points:
- Mr Bankman-Fried claimed that he was not responsible for funds recently moved from Alameda Research wallets.
- Bankman-Fried is expected to plead not guilty to eight charges of fraud at a hearing next week.
Since his arrest earlier this month in the Bahamas, Sam Bankman-Fried (SBF), the former CEO of the now-collapsed crypto exchange FTX has posted a new tweet for the first time, saying he was not responsible for funds recently moved from Alameda Research wallets.
In the tweet, he said he was not responsible for cash that appeared to have been transferred from Alameda Research addresses after he obtained bail.
None of these are me. I’m not and couldn’t be moving any of those funds; I don’t have access to them anymore.
According to on-chain data, Ethereum wallet addresses affiliated with the defunct trading company Alameda Research exchanged multiple crypto tokens for ether and USDT on Wednesday before switching to bitcoin. The Alameda-linked wallets traded Lido, Polygon, Uniswap, and other tokens for ether and USDT before bridging to the Bitcoin network, according to Etherscan transaction data.
As Coincu reported on December 23, Mr Bankman-Fried was awarded a $250 million bail after the hearing. The bond was secured by the parent’s Palo Alto house, where the defendant would reside, and was signed by the defendant, his parents, and a non-family person.
Two days ago, Coincu indicated that Bankman-Fried was charged with two counts of wire fraud and six counts of conspiracy, including money laundering and campaign finance violations, and could face decades in prison if convicted, wherein, Bankman-Fried admitted to risk management failures at FTX. However, the founder of FTX solidly protested that he did not participate in fraudulent activities and would not be held criminally responsible.
Additionally, The Wall Street Journal also reported that Bankman-Fried is expected to plead not guilty to eight charges of fraud at a hearing next week.
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.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Thana
Coincu News
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