Former FTX CEO Sam Bankman-Fried, who is facing multiple criminal charges for alleged misuse of user funds, has reportedly crafted a series of draft posts on the social media platform formerly known as Twitter (X). These documents, which were never published, contain his responses to various accusations.
Details about Bankman-Fried's experiences under house arrest and his opinions on the legal team handling FTX's bankruptcy case have come to light. Although he never posted these insights publicly, they offer into his perspective. According to reports, the drafts contained approximately 15,000 words .
In these drafts, Bankman-Fried expressed his frustration, stating, "I may never be able to do anything to make a positive difference in my life." He also discussed personal aspects of his relationship with former Alameda Research CEO Caroline Ellison, who is expected to testify in his criminal trial beginning in October. The drafts mentioned an incident in which Ellison refused Bankman-Fried's request to halt hedging the Alameda deal, leading to a heated exchange between them.
Bankman-Fried has not posted on the X platform since January. While he may still have access to the internet and the platform as he prepares for his criminal trial, he is essentially held at the Metropolitan Detention Center in Brooklyn after a federal judge revoked his bail, citing allegations of witness intimidation. Bankman-Fried spent about eight months primarily at his parents' home in California before his bail was revoked. It remains uncertain whether these draft documents are already in the hands of prosecutors or if they will be used in of his two upcoming criminal trials, the first of which is scheduled to commence on October 3. Bankman-Fried faces 12 charges related to FTX and Alameda fraud, and he has pleaded not guilty to all of them.
