Edward Snowden hit out at Sam Bankman-Fried over his explanation of the crisis affecting FTX FTT/USD on Thursday. Snowden compared the entrepreneur with a child who has taken a trip to a cookie jar.
What Happened: Snowden, a former U.S. intelligence contractor, referred to a series of tweets by Bankman-Fried in which he gave the breakdown of the liquidity crisis affecting FTX.
Bankman-Fried said that a "poor internal labeling of bank-related accounts" lead to him being substantially off his sense of users' margins.
"Child with a face covered in crumbs: ‘A poor internal labeling of cookie-related jars meant that I was substantially off on my sense of my parents’ margin,'” Snowden quote-tweeted.
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Why It Matters: In a separate tweet, Snowden said "color me unconvinced" on the FTX-Alameda Research crisis.
“I didn’t realize the vast hoard of wealth I continuously abused as a slush fund *belonged* to someone, man," Snowden.
"It was, like… labels or something. Whatever. Who among us hasn’t accidentally spent the life savings of their customers without noticing?”
Snowden's wrath also fell on the White House on Thursday. He shared a clipping on Twitter of White House Press Secretary Karine Jean-Pierre who commented "prudent regulation of cryptocurrencies is needed" in the aftermath of the FTX crisis.
"Opportunistic serpents," said Snowden in the post.
Snowden was featured in a leaked video discussing a private alternative to Bitcoin BTC/USD and was revealed to be one of the six creators of ZCash (ZEC), a privacy-focused cryptocurrency.
Read Next: Edward Snowden Responds To NSA’s Call For Former Workers To Come Back: ‘Thanks, I’ll Pass’
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