Crypto Twitter didn’t hold back on Friday amid news that disgraced FTX founder and former CEO Sam Bankman-Fried had been bailed out. A federal judge has jailed him for witness tampering, and industry personalities have been affected in some way by his alleged wrongdoings released on the social media platform.
“Take that, you’ve witnessed a vegan-faking, money-stealing, egotistical, delusional, coked-up, fraudulent, orgy-goblin, bean bag sleeping, self-entitled, stuck-up, pudgy little, twatwaffle, ” Cinnehamain Ventures partner Adam Cochran Tweet. “I hope you enjoy prison.”
“SBF’s bail was revoked [because] the dude can’t stop himself from cheating even watching the games. Poetic, really,” Delphi Labs General Counsel Gabriel Shapiro SAYS.
Bankman-Fried’s bail was revoked after an order by presiding New York US District Judge Lewis Kaplan, who doubted that a gag order would be enough to prevent Bankman-Fried from speaking to the media.
“Tell Sam. If past is prologue, he won’t see home for 15-30 years,” former pharmaceutical executive Martin Shkreli Tweet. “Playing a high stakes game and wanting a shortcut. That won’t work!”
Shkreli earned the “pharma bro” moniker in 2015 when he raised the price of the anti-malaria drug Daraprim by 4,000%. He was charged and convicted of two counts of securities fraud and one count of conspiracy, and was released early from a seven-year prison sentence in 2022.
“Do you want to trust your hard-earned money to someone who doesn’t know the difference between right and wrong?” Custodia Bank founder and CEO Caitlin Long Tweet. “Do you think SBF is concerned that he is jeopardizing the bail his parents posted who are friends/colleagues at Stanford?”
In July, Bankman-Fried’s attorney confirmed that she had shared documents related to the former CEO of Alameda Research, Caroline Ellison, with New York Times. Ellison has also been a romantic partner in the past.
“Mr. Bankman-Fried entertained the reporter at her parents’ home in Palo Alto and showed some of Ms.’s private writings. Ellison,” said Judge Kaplan. SAYS. “The US said it was to intimidate him and others. The defense said it was about a First Amendment right.
Bankman-Fried is also accused of witness tampering using encrypted communication applications.
In December, Bankman-Fried was arrested in the Bahamas, a month after the collapse of the FTX cryptocurrency exchange, on charges including fraud and money laundering by the US Securities and Exchange Commission.
For some, Bankman-Fried being held in custody was a long time coming, given the sheer scale of his alleged crimes to the tune of billions of dollars worth of FTX customer assets.
“Nature is healing,” economist Alex Kruger SAYS.
And some industry founders don’t take too long in their assessment of the situation.
“Bitch, bye,” Tweet THNDR Games CEO Des Dickerson added a hand emoji making a peace sign.
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