Former FTX CEO Sam Bankman-Fried (SBF) appeared to finish a day-long cryptic tweet thread with normal disclaimers and a reference to poor reminiscence.
The issue is, the neighborhood remains to be none the wiser about what any of it means.
10) [NOT LEGAL ADVICE. NOT FINANCIAL ADVICE. THIS IS ALL AS I REMEMBER IT, BUT MY MEMORY MIGHT BE FAULTY IN PARTS.]
— SBF (@SBF_FTX) November 15, 2022
Is Sam Bankman-Fried okay?
On Nov. 14, SBF started posting a collection of one-word, one-letter tweets, spaced a number of hours aside that learn, “What HAPPENED.”
The bizarre nature of this motion prompted a flood of hypothesis over what SBF was attempting to speak, whether or not there’s a hidden message to “insiders,” and if his psychological well being is struggling as a result of firm’s monetary black gap.
The latter level is all of the extra related contemplating rumors of stimulants, together with amphetamines, being a key side of firm tradition on the agency.
Web detectives have turned up quite a few clues and items of proof that may assist the rumor. For instance, Alameda CEO Caroline Ellison posted a tweet in 2021 speaking about how amphetamine enhanced her “human expertise.”
nothing like common amphetamine use to make you admire how dumb a number of regular, non-medicated human expertise is
— Caroline (@carolinecapital) April 5, 2021
Equally, in 2019, SBF additionally tweeted a few regime of uppers and downers to maximise productiveness but nonetheless obtain ample relaxation.
a) stimulants while you get up, sleeping tablets in the event you want them while you sleep.
b) be aware of the place your headspace is: I usually nap within the workplace in order that my thoughts would not depart work mode in between shifts.— SBF (@SBF_FTX) September 15, 2019
By ending his cryptic tweet thread with a put up on not being monetary or authorized recommendation, whereas speaking about reminiscence loss, concern grows over SBF’s psychological state.
Regardless of the thriller and intrigue elicited by the collection of tweets, making use of Occam’s razor, a commenter to a Reddit put up on the matter shared his view that that is an try to troll the neighborhood.
“I don’t imagine [sic] hes doing this to say psychological sickness in courtroom or hack as many others are suggesting..[sic] hes intentionally doing it to troll folks…this clearly reveals he has no regret…”
FTX scandal not performed
The FTX group filed for Chapter 11 chapter on Nov. 11 with SBF resigning his place as CEO on the identical time.
The company construction contains over 130 corporations, and with quite a few enterprise investments throughout the business, the probability of additional knock-on results is excessive.
Ian Taylor, government director of the business group Crypto UK, stated that based mostly on his data the vast majority of misplaced funds belong to institutional traders.
It has already come out that the Ontario Academics’ Pension Plan had invested $95 million within the defunct change. Ikigai CIO Travis Kling additionally admitted to dropping a big chunk of traders’ funds on Nov. 14.
The cascading results of the scandal will little question proceed to reverberate throughout the business and effectively into the longer term.
