Crypto Guide

Crypto Twitter explodes over the information of Sam Bankman-Fried’s arrest

Crypto Twitter has blown up with the stunning information of the arrest of Sam Bankman-Fried within the Bahamas – which many weren’t anticipating to occur so quickly.

On December 12, the disgraced FTX founder was arrested by the Royal Bahamas Police after receiving notification from the USA authorities that prison prices had been filed in opposition to him.

Inside hours, politicians, crypto executives and influencers bootlegged their Twitter apps to touch upon the arrest of the previous CEO of FTX.

New York Democratic Congresswoman Alexandria Ocasio-Cortez, who has taken a reasonably impartial outlook on the crypto business thus far, informed her 13.4 million Twitter followers that Bankman-Fried was a step in the appropriate course towards “serving justice,” however famous that the arrest is prone to postpone Bankman-Fried’s testimony earlier than the Home Monetary Companies Committee, which was scheduled for December 13.

US senator and sponsor of the Lummis-Gillibrand crypto invoice, Cynthia Lummis, was additionally happy to listen to the information, saying on Twitter that prosecutors made the appropriate determination in holding Bankman-Fried accountable for “good, old school fraud.” Dedicated.

Fellow US senator and crypto skeptic Elizabeth Warren agreed with the views of Lummis, by stating Tweeted to his 7 million Twitter followers on December 13 that the US Division of Justice wanted to carry extra company executives accountable for breaking the regulation.

Others have taken the chance to make mild of the state of affairs. Benjamin Cowen, CEO and founding father of Into the Cryptoverse, used ChatGPT to poem about Bankman-Fried’s newest prediction.

In the meantime, the period of mimes has began on Twitter.

A lot has additionally been mentioned about Bankman-Fried’s Twitter posts and media presence because the shock collapse of FTX in November.

Co-host of Not Funding Recommendation Trung Phan Told On December 13, her 538,000 Twitter followers mentioned that Bankman-Fried’s erratic public habits would make life tough for her protection lawyer, whereas others believed that Bankman-Fried’s arrest would expose her to different colleagues and pals. Fingers will doubtless be pointed at these concerned within the FTX debacle, together with those that acquired his large political donations.

RELATED: BF Tried to Destabilize Crypto Market to Save FTX: Report

In his doubtlessly remaining Twitter House interview with Uncommon Whale on 12 December, Bankman-Fried mentioned “I do not suppose I will be arrested” when requested about the opportunity of being detained.

The Royal Bahamas Police Drive made the arrests following formal notification from the US that it had filed prison prices in opposition to Bankman-Fried, which was formally introduced in a December 12 assertion by the Legal professional Basic’s Workplace of the Bahamas.