Fear, uncertainty, and doubt around Alameda Research’s relationship with his FTX cryptocurrency exchange caused Sam Bankman-Fried to consider shuttering the trading platform in 2022, according to an unpublished tweet thread revealed in his trial on Monday. “Going forward, Alameda will continue to not do nefarious trading activity on FTX, because it won’t do any trades on FTX. Or anywhere else,” said Bankman-Fried in the unpublished posts. “Alameda Research is dead. Long live FTX.
He’s been accused of orchestrating a large-scale fraud at FTX, which led to the evaporation of billions of dollars worth of customer funds. Wednesday is the second day of testimony for Caroline Ellison, Alameda Research’s Chief Executive Officer, and former love interest of Sam Bankman-Fried. On Tuesday, Ellison pleaded guilty and claimed Bankman-Fried directed her to commit certain crimes, according to The New York Times.