Crypto News

Crypto Twitter Reacts To Sam Bankman-Fried’s “Faulty Memory” Tweet

Sam Bankman-Fried's cryptic tweets raised several theories such as using new tweets to cover the total count and looking for an insanity defense
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Crypto Twitter Reacts To Sam Bankman-Fried’s “Faulty Memory” Tweet

Sam Bankman-Fried, the former CEO of crypto exchange FTX, started posting mysterious tweets on Monday, starting with “What.” As he tweeted more single-letter tweets, Crypto Twitter gets furious about Sam Bankman-Fried.

During his interview with The New York Times, he revealed planning a series of cryptic tweets. When asked about the reasons, Sam Bankman-Fried replied “I don’t know. I’m improvising. I think it’s time.”

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Sam Bankman-Fried Claims His Memory Might Be Faulty

After completing his Twitter thread with the word “What HAPPENED,” Sam Bankman-Fried in the latest tweet on November 15 claims his memory might be faulty.

“Not legal advice. Not financial advice. This is all as I remember it, but my memory might be faulty in parts.”

Some believe Sam Bankman-Fried could possibly be looking for an insanity defense or mental disorder defense as prosecutors prepare to prove Sam Bankman-Fried’s criminal liability. Meanwhile, the SEC, DOJ, and CFTC investigate Sam Bankman-Fried, FTX’s collapse, and links with Alameda Research.

Moreover, some assert Sam Bankman-Fried allegedly used new tweets to keep his total tweet numbers consistent as a way to prevent it from tracking bots. However, everyone knows, even authorities, that he deleted some tweets claiming FTX and its assets were “fine.” Some analytics and data platforms have achieved FTX and SBF tweets in response to the bankruptcy filing.

Crypto twitter including Farokh, ZachXBT, Autism Capital, ChainLinkGod, and other crypto influencers criticized Sam Bankman-Fried and agreed that he’s purposefully tweeting to claim mental insanity as a defense.

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Drainer Address Continues Withdrawal from FTX and FTX US Wallets

Blockchain security firm CertiK reported that multiple FTX addresses in both FTX and FTX US still sending crypto tokens to the FTX Drainer address 0x59A…32b. FTX Drainer Address holds approximately $62 million in crypto assets.

Moreover, PeckShieldAlert in a recent tweet warned that FTX Drainer received almost 21,155 ETH from FTX Accounts Drainer 2, FTX Accounts Drainer 5, and FTX Accounts Drainer 6.

Also Read: FTX’s Sam Bankman-Fried Fails On His Cryptic Tweets

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Varinder Singh

Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.

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Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
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