[ad_1]
The most recent message from former FTX chief govt Sam Bankman-Fried left onlookers puzzled and alarmed after the swift decline into chapter 11 for the cryptocurrency change he based.
In successive tweets, Bankman-Fried merely acknowledged, “What,” adopted by the capital letter H.
Bankman-Fried has been an lively tweeter all through FTX’s demise, earlier having written that he was “shocked to see issues unravel the way in which they did.”
Twitter and Tesla CEO Elon Musk, who’s additionally having some difficulties, tweeted with hearth emojis to an try at a translation of the cryptic tweet.
Musk additionally tweeted his amusement on the declare that Bankman-Fried performed a League of Legends sport — the identical sport the chief infamously was enjoying when the enterprise capital agency Sequoia invested in FTX.
Whereas the broader social-media sentiment was a want for him to be jailed, there additionally was concern for his well being.
FTX has filed for Chapter 11 chapter safety, and over the weekend there additionally appears to have been a hack of buyer funds. The securities regulator in FTX’s headquarters of Bahamas in the meantime stated it had not requested the prioritization for withdrawals of funds for Bahamian shoppers.
Reuters reported the allegation Bankman-Fried had a “again door” that allowed him to masks the switch of buyer funds to his Alameda hedge fund, which Bankman-Fried instructed the information company was simply “complicated inside labeling.”
Source link