250 Pages Of Sam Bankman-Fried's Personal Notes Have Leaked
As the Sam Bankman-Fried trial approaches, more interesting details are being revealed. The personal writings of the former FTX CEO were leaked by cryptoinfluencer Tiffany Fong, who later gave them to the New York Times.
The 250 pages of Bankman-Fried's personal writings include some notes as well as unsent tweets during his house arrest in December. More excuses, more complaints, more pointing fingers. The businessman laments that he's broke and there's nothing he can do to regain the public's trust.
"I’m broke and wearing an ankle monitor and one of the most hated people in the world," he wrote.
In his notes, Bankman-Fried shifts the blame for the incident to his ex-everything Caroline Allison. He said Allison constantly avoided talking about risk management, and every attempt by Sam to start a conversation made her feel worse.
Among the charges against Bankman-Fried are using client funds to shore up Alameda Research's balance sheet. The businessman denied his involvement, as he was not aware of what was going on. It was not until the spring of 2022 when he allegedly overheard a group of his employees talking about Alameda's separate account for transferring client funds.
While FTX is going through bankruptcy proceedings under new management and Bankman-Fried's legal team is trying to find the slightest loophole for its client, the businessman is awaiting trial being in jail. This week, Judge Kaplan once again denied Bankman-Fried's motion for pretrial release.
