The latest message from former FTX chief executive Sam Bankman-Fried left onlookers puzzled and alarmed after the swift decline into bankruptcy for the cryptocurrency exchange he founded.
In successive tweets, Bankman-Fried merely stated, “What,” followed by the capital letter H.
Bankman-Fried has been an active tweeter throughout FTX’s demise, earlier having written that he was “shocked to see things unravel the way they did.”
Twitter and Tesla CEO Elon Musk, who’s also having some difficulties, tweeted with fire emojis to an attempt at a translation of the cryptic tweet.
Musk also tweeted his amusement at the claim that Bankman-Fried played a League of Legends game — the same game the executive infamously was playing when the venture capital firm Sequoia invested in FTX.
While the broader social-media sentiment was a wish for him to be jailed, there also was concern for his health.
FTX has filed for Chapter 11 bankruptcy protection, and over the weekend there also seems to have been a hack of customer funds. The securities regulator in FTX’s headquarters of Bahamas meanwhile said it had not requested the prioritization for withdrawals of funds for Bahamian clients.
Reuters reported the allegation Bankman-Fried had a “back door” that allowed him to mask the transfer of customer funds to his Alameda hedge fund, which Bankman-Fried told the news agency was just “confusing internal labeling.”
This post was originally published on Market Watch
