Crypto founder Sam Bankman-Fried tweets about mental health, defense

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Crypto founder Sam Bankman-Fried tweets about mental health, defense

In a rare display of candor - or as part of a calculated exercise in reputation management - Sam Bankman-Fried delved deep into his mental health struggles in a trove of unposted tweets published by CoinDesk's Christine Lee on Friday. 'T really know what 'happiness' means,' he said in one of his tweets, which he wrote just weeks after his crypto empire blew up last year, as he was facing down a tidal wave of public scorn.

The tweets published by CoinDesk strike a similar tone to those obtained by the New York Times last month. In both cases, it's difficult to discern whether Bankman-Fried's musings provide an authentic glimpse into the beleaguered crypto founder's psyche, or whether his mental health battles and personal anecdotes have been played up for sympathy. It's impossible to fairly speculate on this front, but it appears likely that Bankman-Fried's mental health problems could play a role in his defense.

Dilin Massand and Victor Chen also went down to Lower Manhattan to speak with random New Yorkers to approximate what a jury of Bankman-Fried's peers might look like. The once-famous founder of FTX has become one of the most famous names in the world. Generally speaking, a jury would not feel comfortable in a case without knowing the industry well enough.

Also this week, Judge Lewis Kaplan, who is overseeing Bankman-Fried's trial, struck down a request from the FTX founder's lawyers asking that he be temporarily released from prison. Bankman-Fried has been held in Brooklyn's Metropolitan Detention Center since his bail was revoked in July, and his lawyers argued for the third time on Thursday that this has made it difficult for them to prepare for trial. With Bankman-Fried's trial set to begin next week, the argument from his lawyers this time around was that Bankman-Fried would need time to Strategize during his trial, previously they'd asked him to be granted release ahead of time.

Kaplan is againdenying the motion, claiming that the FTX founder has had ample opportunity to review the evidence and prepare his defense over the past several months. However, Kaplan did make some concessions, ordering the Department of Prisons to ensure Bankman-Fried be delivered to court at a brisk 7 a.m. on most days of the trial - designed to give him and his lawyers a bit of extra time to incorporate fresh testimony into their defense.

On a housekeeping note, we officially have the court calendar for the trial through Nov.11. The court will meet four days a week except for the week of October 22 when it will only be in session two days. There will be no trial on Oct. 9, 20-25, Nov. 3 or Nov.10. The trial will likely continue after that, the judge said.