Crypto Twitter Erupts In Reaction To The Arrest Of Sam Bankman-Fried

Crypto Many people weren’t expecting Sam Bankman-Fried to be arrested in The Bahamas so quickly, so the surprising news caused a Twitter frenzy.

The disgraced FTX founder was detained by the Royal Bahamas Police on December 12 after being informed by the American authorities that criminal charges had been brought against him.

Politicians, cryptocurrency executives, and influencers all fired up their Twitter apps within hours to comment on the former CEO of FTX’s arrest.

New York Democratic Congresswoman Alexandria Ocasio-Cortez, who’s held a fairly neutral view on the crypto industry to date, told her 13.4 million Twitter followers that Bankman-Fried’s was a step in the right direction towards “justice being served,” but noted that the arrest would likely postpone Bankman-Fried’s testimony before the House Financial Services Committee, which was scheduled for Dec. 13.

Cynthia Lummis, a senator from the United States and the author of the Lummis-Gillibrand Crypto Bill, expressed her delight at the development on Twitter, saying that it was the proper move for the prosecutors to charge Bankman-Fried with the “good, old-fashioned fraud” he is accused of committing.

Fellow U.S. Senator and crypto skeptic Elizabeth Warren agreed with Lummis’ views, stating in a Dec. 13 Tweet to her 7 million Twitter followers that the U.S. Department of Justice needs to hold more corporate executives accountable who break the law.

Others have taken the opportunity to make light of the situation. CEO and founder of Into The Cryptoverse, Benjamin Cowen, used ChatGPT to create poetry about Bankman-Fried’s latest predicament.

Meanwhile, memes are already making the rounds on Twitter..

Since FTX’s shocking collapse in November, a lot has been said about Bankman-Twitter Fried’s messages and media appearances.

On December 13, co-host of Not Investment Advice Trung Phan tweeted to his 538,000 followers that Bankman-erratic Fried’s public behavior will make it more difficult for his defense lawyer. Others think that after being arrested, Bankman-Fried will likely point the finger at other coworkers and individuals connected to the FTX scandal, including those who received his sizable political donations.

When questioned about the potential of being jailed in his maybe final Twitter Spaces interview with Unusual Whales on December 12, Bankman-Fried responded, “I don’t think I’ll get arrested.”

Following official notification from the US that it has charged Bankman-Fried with a crime, which was made public by the Bahamas’ Office of the Attorney General in a statement on December 12th, the Royal Bahamas Police Force made the arrest.

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