FTX Founder’s Shady Messaging Moves: The Signal of Trouble

SBF grilled for deleted messages during court testimony

SBF questioned about deleted messages in court testimony

Brace yourselves, dear digital asset investors! The saga of Sam Bankman-Fried (SBF), the disgraced founder of FTX, took a thrilling turn when he tried to explain why he deleted corporate messages during a closed-door testimony. And can we just say, his reasoning is as dubious as a cat trying to explain why it ate your homework!

Prosecutor Danielle Sassoon of the Southern District of New York questioned SBF about his sudden switch to using corporate communications on the encrypted messaging app Signal. But guess what? SBF claimed that he only did so with the approval of FTX counsel, Daniel Friedberg. However, plot twist! It turns out that while counsel approved the use of Signal, SBF conveniently forgot to seek approval for the app’s auto-delete feature. Smooth move, buddy!

Now, hold on to your seats because it gets even more intriguing. When asked about seeking approval for his messaging shenanigans, SBF responded with an “Oh, I totally forgot!” Apparently, he spontaneously changed his toggle to activate the one-week auto-delete feature. Who needs approval when you have such a high-tech toggle, right? Talk about taking the term “crypto executive” to a whole new level!

But wait, there’s more! SBF then attempted to tap-dance his way through the discussion of the document retention policy. According to him, the policy only applied to emails and not other forms of communication. So, naturally, he didn’t think twice about deleting messages with Caroline Ellison, Gary Wang, and Nishad Singh. Who needs evidence when you have a delete button?

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In a jaw-dropping moment, SBF claimed that conversations about the infamous “fake” balance sheets created by Caroline Ellison were fair game for deletion. Apparently, reporting verbal discussions is so last season! And when confronted about an alleged $13 billion hole in FTX’s balance sheet, SBF shockingly revealed that the messages were never shared with lawyers as per the company’s data retention policy. Why, you ask? Well, he was simply concerned about statements being taken out of context and the potential for some serious embarrassment. Can’t have that, can we?

So there you have it, fellow digital asset enthusiasts. While SBF may have thought he was making some genius moves by using Signal and deleting messages like an intern feverishly clearing their browsing history, his explanations have more holes than Swiss cheese. It’s as if he expected us to believe that his messaging secrets would stay hidden forever. But hey, he sure knows how to keep us entertained with his questionable maneuverings!

Now, let us know what you think! Is SBF a master of the digital asset universe or just a bumbling fool caught in his own web of mischief? Share your thoughts and join the conversation below!

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