"However, since September, Bankman-Fried's X account has been causing a stir. (Though Bankman-Fried does not have access to the internet in prison, a friend is supposedly posting on his behalf.) The posts lob criticism at the administrators of the FTX bankruptcy estate and focus on alleged misconceptions about the condition of FTX's finances when it fell; they claim that the money was never missing, only stuck in illiquid assets."
"Bankman-Fried-known widely as SBF-is currently serving a 25-year prison sentence in California. In November 2023, he was found guilty of seven counts of fraud and conspiracy by a jury in the Southern District of New York over his role in the collapse of the crypto exchange FTX. Immediately after his sentencing, Bankman-Fried signaled his intention to appeal. In spring, he spoke to a handful of reporters from prison."
Sam Bankman-Fried is serving a 25-year prison sentence after a November 2023 jury found him guilty on seven counts of fraud and conspiracy related to the collapse of FTX. He signaled his intention to appeal and spoke to reporters from prison in spring. Since September, an X account tied to him has posted again, beginning with "gm," and has consistently criticized FTX bankruptcy estate administrators while asserting that funds were not missing but tied up in illiquid assets. A friend is reportedly posting from prison on his behalf. His mother, Barbara Fried, launched a Substack and published a 65-page treatise titled "The Trial of Sam Bankman-Fried" arguing against the fraud narrative. Meanwhile, the broader crypto industry shifted attention to bitcoin ETFs, memecoins, and policy discussions.
Read at WIRED
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