Former FTX CEO Denies Involvement in Alameda Funds Movement

• Sam Bankman-Fried, former CEO of FTX, denied any involvement with the recent movement of funds related to Alameda in a recent tweet.
• Bankman-Fried is facing criminal charges and is set to have his next hearing on Jan. 3, although the Wall Street Journal has suggested that he will plead not guilty.
• Bankman-Fried stated that he is willing to help regulators investigate the matter and is hoping that the funds were moved by “various legit legs of FTX”.

Sam Bankman-Fried, the former CEO of FTX, recently returned to Twitter to deny any involvement in the movement of funds related to Alameda. After weeks of inactivity coinciding with his arrest, Bankman-Fried commented that he is not and cannot be moving any of those funds, as he no longer has access to them. He then added that he hopes that the funds were moved by “various legit legs of FTX” and that he is willing to help regulators investigate the matter.

Given the criminal charges Bankman-Fried is facing, it is likely that he hopes to arrange a plea deal similar to those obtained by his associates, Caroline Ellison and Gary Wang. However, one former federal prosecutor has suggested that Bankman-Fried is unlikely to be given a favorable deal due to his lead role in FTX’s alleged fraud. Bankman-Fried’s next hearing is set for Jan. 3, and the Wall Street Journal has suggested that he will plead not guilty.

It remains to be seen how this situation will play out, but Bankman-Fried’s willingness to cooperate with authorities could be a sign that he is looking to mitigate the potential repercussions of his actions. Whatever the outcome, it is clear that Bankman-Fried’s involvement in this matter has been highly contested, with both sides of the argument putting forward compelling arguments.