Crypto star visits Sam Bankman-Fried during house detention

Crypto star visits Sam Bankman-Fried during house detention

One of the first persons to visit the disgraced FTX CEO when he was under house arrest was a glitzy crypto celebrity who had previously persuaded Sam Bankman-Fried to talk about his polyamorous sex life.

After FTX filed for Chapter 11 bankruptcy in late November, Tiffany Fong spoke with Bankman-Fried twice. She reported that the disgraced CEO was’surprisingly hopeful’ during their conversations.

Since December 23, when Bankman-Fried was released from custody in a Manhattan court on a $250 million bond, he has been under house arrest at his parents’ $4 million home in Palo Alto, California. In connection with his defunct cryptocurrency exchange FTX, the 30-year-old former CEO is accused with securities and wire fraud.

After a stint at the infamous Fox Hill Prison in the Bahamas, which Fong said Bankman-Fried described as challenging due to the “lack of mental stimulation,” he is now there.

Fong discussed the conversation with, Bankman-dissatisfaction Fried’s with prison life, and his optimism for the future despite the possibility of serving 115 years in prison if found guilty.

Fong claimed that she had asked Bankman-Fried if visitors were permitted after informing him that she would be spending the holidays in San Francisco visiting family. They met Tuesday night after he gave his OK.

Fong made it clear that “we do not have an intimate relationship,” despite the late-night rendezvous and earlier revelations of his sex life.

According to information released on Wednesday, Bankman-Fried is anticipated to enter a plea in response to charges that he misled investors and stole billions of dollars from customers at his collapsed cryptocurrency exchange. He is scheduled to do so next week.

Bankman-Fried is “unsure,” according to Fong, whether he must travel to New York in person for the plea on January 3.

Bankman-Fried may spend 115 years behind bars if she is found guilty of all charges.

He is aware that he could spend time in jail, but Fong observed that it doesn’t appear he wants to dwell too much on the worst case scenario, which is a life sentence. I think he feels that going through an internal downward spiral about the idea would be a waste of time.

Bankman-Fried was detained in the notorious Fox Hill Prison after being apprehended in the Bahamas on December 12. There, convicts are allegedly jammed in quarters with other inmates and lack access to running water or other necessities of basic hygiene.

His stay in prison, according to Fong, was clearly not enjoyable. Overall, it appeared that he struggled more to adjust to the lack of mental stimulation in Fox Hill than the physical circumstances and surroundings.

According to prior reports, Bankman-Fried was detained in the prison’s sickbay, which the terrified residents dubbed “Fox Hell,” where he allegedly enjoyed preferential treatment to other prisoners.

According to reports, the wanted crypto criminal had access to his own toilet, running water, a TV, regional newspapers, crossword puzzles, and a slew of other goodies, including vegan meals.

He clearly expressed regret and remorse numerous times, Fong told the New York Post.

He’s trying to gather his thoughts about the situation. He sounded as though he was attempting to process what had happened.

While she is certain that his parents “are going through a terrible period,” she added that “he’s mentioned that they’ve been continuously supportive.”

Fong, 26, tweeted on Wednesday, “I met with Sam Bankman-Fried last night.” I haven’t thoughtfully written anything about our talk; I’m only sharing because I’ve been asked about it. Please be patient; I’m still in holiday mood and currently visiting family in San Francisco.

Some of Bankman-most Fried’s shocking disclosures regarding FTX were delivered to Fong in November.

Bankman-Fried declared that he felt “society” had already spent enough time making assumptions about his and the other executives who resided in the Albany resort’s love lives.

According to Bankman-Fried, “We as a culture have, in my humble view, spent about enough time this week trying to figure out whether anyone living in Albany was polyamorous.”

The answer is too mundane for people to, like, believe it, I feel like I’ve answered that question a lot.

As FTX started to fall apart, rumors of the sexual shenanigans of Bankman-Fried and his employee roommates in the Bahamas started to circulate.

Everyone who lived in the residence was paired up with each other, or was at some point, according to a November CoinDesk story.

One of them was Caroline Ellison, the CEO of FTX’s subsidiary business Alameda Research and Bankman-ex-girlfriend. Fried’s

She discussed her “foray into poly” in a Tumblr post from February and suggested that everyone in a polyamorous relationship should have a “ranking of their partners” and “vicious power struggles for higher positions.”

‘When I originally began my adventure into poly, I thought of it as a dramatic break from my traditional past, but now I’ve come to conclude the only appropriate type of poly is best represented as something like ‘imperial Chinese harem,” she added.

There should be fierce power struggles for the higher ranks, and there should be no non-hierarchical bulls***. Everyone should rank their partners, and everyone should be aware of their position.

Former employees described the extravagant expenses they took advantage of while working at FTX as Bankman-Fried griped about media speculation over the amorous atmosphere there.

According to a former employee who spoke to the Financial Times, the Bahamas headquarters received daily food deliveries, and staff members took advantage of “free groceries, barbershop pop-ups, and bi-weekly massages.” Workers in the US were given $200 per day for DoorDash.

A “complete suite of cars and gas covered for all employees [as well] as limitless, full expense covered excursions to any office globally” were also provided.

Because Amazon does not ship to the Bahamas, FTX decided to use private jets to fly staff packages in.

A former employee remarked, “[It was] kids leading kids.” The entire endeavor was simultaneously fascinating and idiotically ineffective.

“I had never in my life seen that much money.” Nobody, not even SBF, had, in my opinion.

The former CEO denied claims that Bankman-Fried and his staff frequently partied hard while high on drugs or relied heavily on amphetamines to work for hours on end.

There weren’t any wild parties, either. On Wednesday, he told the New York Times. Board games are played at our gatherings. The remaining 80% of us would refrain from drinking anything while 20% of the group would have a quarter of a beer each.

He said that specific drugs had been prescribed to him so he could work. He claimed, “I think they help me focus a little bit.”

He said, “It was a messy combination of things. A lot of things I should have caught and a lot of things I should have been considerably more cautious about.” when she questioned how the company’s ended up being used by Alameda Research.

Fong was also informed by Bankman-Fried that he didn’t know how to code and that, even if he had wanted to, he couldn’t have created a covert method of transferring funds between his business and Alameda Research.

The disgraced cryptocurrency trader also disclosed to Fong that he supported Republicans as well as Democrats in politics.

He claimed: “All my donations to Republicans were hidden, but the reason wasn’t for legal reasons; it was because reporters freak out the f*** when you donate to Republicans, and I didn’t want to deal with that.”

Three days into the new year, on January 3, at 2 p.m., Bankman-Fried will be arraigned before US District Judge Lewis Kaplan in Manhattan federal court.

After the original judge stepped down because her husband’s law company had advised FTX before to its unexpected collapse, Kaplan was assigned the case on Tuesday.

Bankman-Fried is charged with committing a multi-year “fraud of epic proportions,” which he allegedly carried out principally by utilizing customer deposits to fund his trading company Alameda Research, as well as to purchase real estate and give record-breaking political contributions.

The two civil complaints that writer E. Jean Carroll filed against former president Donald Trump alleging that he defamed her when he denied raping her at Bergdorf Goodman nearly 30 years ago are being presided over by Judge Kaplan, who is best known for that role.

Virginia Giuffre, who accused Prince Andrew of sexually abusing her when she was 17 at Ghislaine Maxwell’s London home, brought the case, and Kaplan, who has a reputation for being a no-nonsense judge, oversaw it.

Jimmy Harkins, a renowned private eye who previously worked for Ghislaine Maxwell, and other well-known people have been hired by Bankman-Fried.

Last week, Bankman-Fried was spotted being escorted out of court by Harkins. One of Maxwell’s attorneys, Christian Everdell, has also been employed by the discredited crypto-boss.

SBF acknowledged risk-management mistakes at FTX prior to his arrest on December 12 in the Bahamas, but he insisted that he does not think he is legally responsible.

Former Alameda CEO Caroline Ellison and former FTX Chief Technology Officer Gary Wang, two of his closest allies, have pleaded guilty for their roles in the demise of FTX and have agreed to cooperate with authorities.

»Crypto star visits Sam Bankman-Fried during house detention«

↯↯↯Read More On The Topic On TDPel Media ↯↯↯