Sam Bankman-Fried Spent $135k on “CUMROCKET” Tokens and Emailed Investors

Last updated: February 6, 2023 2:38 am

1 Min Read

Sam Bankman-Fried during his trialls, has sent out emails to past investors who lost their money, trying to patch things up. He also tried to meet the new CEO of FTX John Ray III in person.

SBF to 'Witness 1' pic.twitter.com/A0jTsAVFn2
— db (@tier10k) January 30, 2023

It was also disclosed by Coinbase that Bankman-Fried used some of the FTX money in buying shitcoins.

Some of the things that SBF/Alameda bought:
– $18k of Pebble, a fractionalized NFT of a picture of a rock
– 540 "Storyblocks" NFTs "AI generated short-stories for your Loot"
-$605 of CarolineDAO NFTs a "SimpDAO for Caroline Ellison"
-$135k of "CUMROCKET"
-~$20k of "TENDIES" pic.twitter.com/GKy9r3qYFT
— Conor (@jconorgrogan) January 31, 2023

Sam bankman-Fried was not alone in his endevours with CUMROCKET though, as Elon musk had tweeted similar interests. With this in mind, maybe the idea was not too far fetched to buy the token in the short run, as we know how Elon Musk has the power to influence the Crypto market, but a $135k investment from FTX money may have been a bit of a stretch in his position.

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By Ivy Heffernan

Executive Assistant for KXCO. 4+ years in rigorous marketing positions. Experienced writer, and part time digital designer. Thorough experience in web design and SEO. Early crypto investor and enthusiast. Entrepreneurial mindset with a degree in Business Economics