Two months ago, Sam Bankman-Fried was running FTX, a successful crytocurrency firm responsible for billions of dollars of assets. Today, he pleaded not guilty in federal court to eight criminal charges including wire fraud, money laundering, and conspiracy to avoid campaign finance regulations.
Although Bankman-Fried (known more commonly as SBF) entering a plea of not guilty in New York today was not entirely unexpected, it immediately sparked a hefty response throughout Twitter, as users flocked to the social media service to react in real-time to this turn of events.
This particular Twitter user claims SBF is delusional, but nevertheless is interested in following the court proceedings:
Lmao SBF has pled not guilty yet everyone else pled guilty haha. This guy just living in another world in his head. Can't wait for this fairytale court case.
— Vestige(@xVestigex) January 3, 2023
This user brings up the fact that SBF's fellow FTX co-founders, Caroline Ellison and Gary Wang, have already pleaded guilty and are helping the prosecution in its case against SBF:
BREAKING: Sam Bankman-Fried pleads not guilty in federal court
— Genevieve Roch-Decter, CFA (@GRDecter) January 3, 2023
His 2 co-founders already entered guilty pleas and are cooperating against SBF
Users like martypartymusic are looking forward to the eventual trial – tentatively scheduled to begin on October 2, 2023 – which he predicts will be highly entertaining:
Breaking: @SBF_FTX officially pleas not guilty. Expect a long trial. Lots of popcorn required for this one.
— MartyParty (@martypartymusic) January 3, 2023
TheDustyBC proclaimed that SBF's not guilty plea is the source of comedy he didn't know he needed today:
#SBF pleading not guilty is the funniest thing of the day!
— DustyBC Crypto (@TheDustyBC) January 3, 2023
This iconic photo of Elaine from Seinfeld was the perfect complement to the head-shaking tweet posted by user knveth:
sbf has pled not guilty of all charges, jfc what is this life pic.twitter.com/iJ0ydTrcWw
— knv (@knveth) January 3, 2023
This Twitter user is aghast at the circumstances, bringing up valid points in the process – after all, SBF posted the highest bail amount in history ($250 million) in order to stay at his parents' home in California while he awaits trial:
Let me get this straight;@SBF_FTX admits on 10’s of podcasts, spaces and streams, to defrauding investors, co-mingling funds, wire fraud by transferring funds via Alameda’s account.
— Ran Neuner (@cryptomanran) January 3, 2023
He arrives at court and pleads NOT GUILTY & now gets to go back to his parents for 10 months??
Finally, this Twitter user is taking the opportunity to follow SBF's lead and potentially increase his success rate on dating apps:
if SBF is saying he's not guilty, i'm saying i'm 6'5″
— tweet davidson(@andykreed) January 3, 2023
This article was produced and syndicated by Wealth of Geeks.
source https://wealthofgeeks.com/sam-bankman-fried/
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