Crypto Twitter is freaking out over news of Sam Bankman-Fried’s arrest

Twitter exploded with the stunning news of Sam Bankman-Fried’s arrest within the Bahamas, with many shocked that the arrest occurred so rapidly.

On December twelfth, the hated founder of FTX was arrested by the Royal Bahamas Police Force after receiving discover that the US authorities had filed legal expenses in opposition to him.

Within hours, politicians, cryptocurrency executives and influencers took to their Twitter apps to touch upon the previous CEO’s arrest.

Representative Alexandria Ocasio-Cortez, a New York Democrat who has largely maintained a impartial view of the cryptocurrency trade up to now, instructed her 13.4 million Twitter followers that Bankman-Fried’s arrest was “justice served,” however famous, that the arrest may delay Bankman. Fried’s testimony earlier than the House Financial Services Committee, scheduled for December.

U.S. Sen. Cynthia Lummis was additionally happy, tweeting that prosecutors made the fitting choice to prosecute Bankman-Fried for her fraud.

US Senator and crypto skeptic Elizabeth Warren agreed. noting in a Dec. 13 tweet to his 7 million followers that the US Department of Justice ought to prosecute extra company executives who break the legislation.

Others took the chance to make clear some details. Benjamin Cowen, CEO and founder of an analytics channel referred to as Into The Cryptoverse, used ChatGPT to wax poetic in regards to the current Bankman-Fried state of affairs.

As anticipated, memes are additionally circulating on Twitter.

Much has additionally been made of Bankman-Fried’s Twitter posts and media appearances since FTX’s stunning fall in November.

Not Investment Advice co-host Trung Phan stated on December 13 to his 538,000 Twitter followers that Bankman-Fried’s erratic habits would make his shopper’s life tough, whereas others imagine that Bankman-Fried’s arrest will possible trigger him to level the finger at colleagues and folks related to FTX. catastrophe, together with those that acquired his substantial political donations.

In what is more likely to be his final Twitter interview with Odd Points on December twelfth, Bankman-Fried said: “I do not suppose I can be arrested.”

The Royal Bahamas Police Force made the arrest following official discover from the United States that it had filed legal expenses in opposition to Bankman-Fried, the Bahamas Attorney General’s Office stated in a Dec. 12 assertion.

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