The latest announcement from former FTX CEO Sam Bankman-Fried has left viewers puzzled and alarmed following the rapid decline into bankruptcy of the cryptocurrency exchange he founded.
In successive tweets, Bankman-Fried simply said “What,” followed by a capital H.
Bankman-Fried was an active tweeter during the FTX downfall, previously writing that he was “shocked to see things unfold the way they did.”
Twitter and Tesla CEO Elon Musk, which also has some difficultiestweeted with fire emoticons to try to translate the cryptic tweet.
Musk also tweeted that he was amused by the claim that Bankman-Fried played a game of League of Legends – the same game the CEO was infamously playing when venture capital firm Sequoia invested in FTX.
While the wider sentiment on social media was a desire for him to be jailed, there was also concern for his health.
FTX has filed for Chapter 11 bankruptcy protection, and over the weekend it appears there was also a hack of client funds. Meanwhile, the securities regulator at FTX’s Bahamas headquarters said it had not requested priority withdrawals for Bahamian customers.
Reuters reported that Bankman-Fried had a “backdoor” that allowed him to mask the transfer of client funds to his Alameda hedge fund, which Bankman-Fried told the news agency was simply “confusing internal labeling.”