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Sam Bankman-Fried's Frequent Commenting Draws Icy Response From FTX's Restructuring Chief
John Ray's statement on Twitter stressed that SBF no longer speaks on behalf of the exchange and affiliated companies.
By Brandy Betz
Updated May 9, 2023, 4:02 a.m. Published Nov 16, 2022, 9:45 p.m.
Former FTX CEO Sam Bankman-Fried continues to tweet and comment frequently about what led to FTX's collapse, but his replacement as CEO is having none of it.
On Wednesday, the official Twitter account of bankruptc crypto exchange FTX tweeted out a statement from John Ray, chief restructuring officer and the CEO who replaced founder Sam Bankman-Fried after his resignation on Nov. 11.
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“Mr. Bankman-Fried has no ongoing role at @FTX_Official, FTX US, or Alameda Research Ltd. and does not speak on their behalf,” Ray wrote.
Legal experts say Bankman-Fried's tweets are likely to be a liability in court cases that may result from FTX's collapse. "My advice is shut the f**k up or I quit," former federal prosecutor Ken White told CoinDesk Monday when asked what advice he would give Bankman-Fried with regards to his Twitter account. In recent days, Bankman-Fried has also DM'ed on Twitter with a reporter from Vox and given an interview to the New York Times.
FTX's collapse started with a CoinDesk report that led to insolvency concerns, a withdrawn buyout offer from Binance, a withdrawal pause and Chapter 11 bankruptcy protection. Through it all, Bankman-Fried has continued to tweet and share his thoughts.
Read more: Sam Bankman-Fried Can't Stay Off of Twitter
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