Sam Bankman-Fried, former CEO of FTXcontinues to tweet and comment frequently on what led to FTX’s downfall, but his replacement as CEO argues he no longer has authority to do any of that.
In a statement made by John Ray on Twitter, it was emphasized that SBF can no longer speak on behalf of the stock exchange and its subsidiaries.
FTX Description:
Sam Bankman-Fried has no continuing duties at FTX, FTX US or Alameda Research and does not speak for them.
— Bitcoin System (@bitcoinsystem) November 16, 2022
Sam Bankman-Fried’s Frequent Comments Not Welcomed by FTX’s New CEO
On Wednesday, the official Twitter account of bankrupt crypto exchange FTX shared a statement from John Ray, CEO and restructuring head, who replaced founder Sam Bankman-Fried after his November 11 resignation.
(1/3) Statement from John Ray, Chief Restructuring Officer and CEO of @FTX_Official, regarding Mr. Bankman-Fried’s recent public statements:
— FTX (@FTX_Official) November 16, 2022
Ray, “Bankman-Fried’s @FTX_Official, FTX US or Alameda Research Ltd. He has no continuing role in their company and cannot speak for them.”
Legal experts say Bankman-Fried’s tweets could raise liability in lawsuits that could result from the collapse of FTX.
Former federal prosecutor Ken White, when asked what advice he would give Bankman-Fried regarding his Twitter account, said in an interview Monday, “My advice is to shut up.”
Bankman-Fried recently DMed a Vox reporter on Twitter and gave an interview to the New York Times.
Again, it is claimed that some sources met with the SBF and, so to speak, “bullshit” in every speech of the SBF. In the statements given by the new CEO of FTX in many places, it is not overlooked that he wants SBF to be silent.
FTX’s collapse continued with a report raising bankruptcy concerns, a withdrawn buyout offer from Binance, a withdrawal pause, and Chapter 11 bankruptcy protection.
All the while, Bankman-Fried continued to tweet and share his thoughts.
Recently, Ripple President Brad Garlinghouse claimed that the problematic FTX exchange was established for fraudulent purposes.
*Not investment advice.
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