Politics, Secret Code…: Three Theories That Challenge Sam Bankman-Fried

Since the collapse of the Sam Bankman-Fried empire, many questions have been raised. Recently, three theories have overshadowed the character of the billionaire.

Sam Bankman-Fried, the screwdriver of a political conspiracy?

As of last week, Sam Bankman-Fried has been interesting. His company FTX went bankrupt, undermining the billionaire’s untouchable and near-perfect image. As revelations about his empire emerge, the latter becomes the subject of more theories. The last two complete the mysterious portrait of the former crypto giant.

As America’s midterms approach, the SBF’s political dealings continue to be talked about. Indeed, the entrepreneur would not only grow his empire, but also pay certain candidates. Enough to make him the second largest donor to the campaign of current US President Joe Biden.

Source: Sam Bankman-Fried’s Twitter account

The creator of FTX fully owns this position, even going so far as to justify it in his Twitter post. According to him, the American Republican Party would also be an ally of choice for cryptocurrency by allowing the creation of decentralized and alternative finance. However, in light of recent events, this camaraderie has been seen by some as part of a conspiracy to rip off cryptocurrency users to pay back politicians.

This outlook has worsened following revelations about SBF’s ties to SEC Chairman Gary Gensler. It is reported that the couple met over legal issues with the ambition to turn FTX into a crypto monopoly. Currently, the details of their deals are still unknown, giving the cryptosphere time to speculate more.

However, the murky connection tying the crypto-billionaire to American politics should still be taken with a grain of salt. According to Gregory Raymond, co-founder of TheBigWhale, the motivations of the former giant of the sector can be largely justified by the rules.

Source: Gregory Raymond’s Twitter account

Sam Bankman-Fried, a big advocate of regulations, would therefore turn to politicians to sway them his way. However, the hypothesis of a small boost to FTX is still valid.

Secret code on Twitter?

If the reasoning of a major stakeholder has given way to all speculation, his return to Twitter has created as much buzz. A few days after the fall of its empire, SBF came back into the limelight with a series of interesting posts.

Source: Sam Bankman-Fried’s Twitter account

These latter, which spread over several days, gave rise to several secret cipher theories. Others preferred a more rational explanation and said that the entrepreneur’s Twitter account was hacked like his company. Of all the explanations raised, the last one got people talking: Sam Bankman-Fried would distract the public and the bots while also erasing all traces that could incriminate him.

Source: Bearica Wall Twitter account

However, all the speculation ended this morning when the billionaire finally published the intelligible text, and the whole puzzle ended in English, “What happened?” revealed that he made up his statement. Therefore, we can expect a key stakeholder to come forward and explain his perspective on recent developments and perhaps offer a perspective on his future.

A final theory awaits explanation

The last few hours have allowed us to answer certain questions by debunking certain theories. Nevertheless, one question remains regarding the latest FTX hack. Opportunistic hacking or malicious action by the management team, all speculation is still possible. The perpetrator was identified as an amateur criminal operating through Kraken.

Despite this and the promise to freeze the accounts, the main stakeholder would still try to drain the funds. Something that raised new suspicions and raised the hypothesis of an organized gang among some Internet users, even giving rise to a new conspiracy theory.

Source: Jenna Ellis’ Twitter account

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