Crypto Twitter Reacts to Sam Bankman-Fried’s Bail Revocation
Crypto Twitter erupted with reactions after disgraced FTX founder Sam Bankman-Fried’s bail was revoked due to witness tampering. Industry personalities didn’t hold back in expressing their thoughts on the matter.
- Adam Cochran from Cinneamhain Ventures expressed his satisfaction and hope that Bankman-Fried enjoys his time in prison.
- Gabriel Shapiro, General Counsel at Delphi Labs, found the situation poetic, highlighting Bankman-Fried’s inability to stop cheating.
- Martin Shkreli, the infamous “pharma bro,” compared Bankman-Fried’s situation to his own, predicting a lengthy prison term for him.
- Caitlin Long, CEO of Custodia Bank, questioned whether Bankman-Fried is trustworthy and highlighted the risk he put his parents’ friends/colleagues at.
- Bankman-Fried’s attorney confirmed that he shared private writings of his former romantic partner with the New York Times, leading to further legal trouble.
Bankman-Fried is also accused of witness tampering through encrypted communication apps and was previously arrested on charges of fraud and money laundering.
For some, Bankman-Fried’s remand into custody was long overdue, considering the magnitude of his alleged crimes. Alex Kruger, an economist, saw it as a sign of justice being served. Meanwhile, Des Dickerson, CEO of THNDR Games, kept it short and simple with a dismissive “Bitch, bye” tweet.
Hot Take
The revocation of Sam Bankman-Fried’s bail has stirred strong reactions within the crypto community. There seems to be a sense of satisfaction and relief that justice may finally be catching up to him. However, this incident also raises questions about trust and accountability within the cryptocurrency industry.
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