Social Media Reacts to SBF’s New Criminal Charges

The charges against Sam Bankman-Fried just became a lot more serious.

Sam Bankman-Fried is back in the news for all the wrong reasons. 

A newly unsealed 13-count indictment has the U.S. accusing the former head of the fallen crypto exchange FTX of conspiring to bribe Chinese officials with $40 million in cryptocurrency. 

This is the latest development in the collapse of FTX at the hands of Alameda Research which resulted in SBF’s personal wealth dropping from $30 billion to nothing seemingly overnight. 

It wasn’t all bad news for SBF this week. His lawyers reportedly struck a deal to continue his house arrest confinement ahead of his trial. 

He also submitted a list of websites he wants to be able to access while he’s holed up in his parents home while he awaits trial.

Despite his infamous status, or maybe because of it, Bankman-Fried seems to be seeing some preferential treatment, according to one investigative journalist. 

Bill Ackman, CEO of Pershing Square, and Kevin O’Leary, former boosters of SBF who also defended him after his arrest have been conspicuously quiet on Twitter this week. 

At least one user noticed. 

According to prosecutors, Alameda had $1 billion in crypto frozen in an account on a Chinese exchange. SBF then allegedly directed Alameda to pay a $40 million bribe to unfreeze the money. 

In the U.S., SBF’s payments to government officials apparently wasn’t limited to just Democrats.

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Union Capital Financial Group Ltd, registered in the British Virgin Islands, does not provide investment services inside the United States. The company only provides consulting, advisory and educational services.