Sam Bankman

Sam Bankman-Fried, former CEO of bankrupt cryptocurrency exchange FTX, has concluded a Twitter thread that he started on November 14. In about 40 hours, he explained “what happened” in nine tweets and then wrapped up with five text tweets.

The unusual Twitter storm drew a lot of attention. The first tweet (“What”), for example, was retweeted nearly 6,000 times as of the afternoon of November 15, with more than 6,000 dating tweets in addition.

In text tweets, Bankman-Fried (SBF) promises to tell what happened “as he remembers it.” According to the twelfth tweet, posted on the morning of November 15, “To the best of my knowledge, as of 7/11, with the possibility of errors: a) Alameda had more M2M assets than liabilities (but not liquid!) b) Alameda had margin position in FTX Intl c) FTX US had enough to reimburse all customers. Not everyone necessarily agrees with this.”

The disagreement that inspired his Twitter thread was considerable. Some users just wanted Send nail words of negativity, such as “Shut up and go to jail” or “All bullshit.” Others offered their support, such as “Everybody messes up in life. You can’t make things better in a day. But if you mean well, people will support you.”

Autism Capital tweeted a screenshot of a long message purportedly from an employee on FTX company Slack that read: “Sam, with all due respect, this is not helping. […] Your tweets have only made people angrier that you had the audacity to tweet something cryptic when people’s lives have been destroyed.” The author went on to say that the tweets were causing tension among people who were expecting news in them, and:

“Many of us idolized you, Sam, and you have disappointed us.”

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Sam Bankman-Fried disconcertingly ends a Twitter thread in which he said little for many hours