Justin Sun taunts SUN token bears after 240% rally. SBF déjà vu?
The X post draws immediate similarities to a previous post of FTX’s Sam-Bankman Fried, back when the Solana token was trading at just $3. Go to Source
SBF
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US Court Orders FTX and Alameda to Pay Fraud Victims $12.7 Billion in Historic CFTC Recovery
A U.S. district court has ordered FTX and Alameda Research to pay $12.7 billion to fraud victims due to their misuse of customer funds and fraudulent practices. Ian McGinley, Director of the Commodity Futures Trading Commission’s Division of Enforcement, emphasized that this multibillion-dollar recovery is the largest recovery in CFTC history. FTX and Alameda Ordered … Read more
Spokesperson Hints at Sam Bankman-Fried’s Possible Move to California Prison
According to the Wall Street Journal, the convicted FTX co-founder Sam Bankman-Fried (SBF) is being transferred from the Metropolitan Detention Center in Brooklyn to an undisclosed location. Sources speculate that SBF might be headed to the Federal Correctional Institution in Mendota, California (FCI Mendota). SBF’s Potential Transfer to FCI Mendota Speculated A Wall Street Journal … Read more
Despite FTX’s Collapse, FTT’s $535M Market Cap Highlights Crypto Absurdity
Ten days ago, the FTX estate overseeing the bankrupt company’s proceedings informed customers they would receive more than 100% repayment. Following this announcement, the exchange token FTT from the defunct trading platform rose above $2 per unit. Astonishingly, despite being tied to a failed crypto exchange, this token still holds a market valuation of $535 … Read more
SBF maintains his innocence as he trades rice in jail
FTX co-founder Sam Bankman-Fried gave his first in-person media interview since being locked up, saying he’s gotten “good at faking” that he’s doing well. Go to Source
Why is Solana (SOL) price up today?
Today, the price of Solana has risen, propelled by a series of positive announcements related to the network and the Fed’s decision to forego rate hikes in 2024. Go to Source
Sam Bankman-Fried Breaks Silence: ‘Haunted’ by FTX Collapse, Vows to Appeal and Criticizes Legal Process
The fallen founder of FTX, Sam Bankman-Fried (SBF), broke his silence for the first time since being sentenced to 24.25 years in prison, engaging in an email conversation with ABC News. SBF expressed that he is “haunted” daily by the events that transpired, emphasizing his stance that he “never intended to hurt anyone.” Former FTX … Read more
Crypto Community Shows Discontent Over Sam Bankman-Fried’s 25-Year Sentence
In a packed courtroom, Sam Bankman-Fried, the founder of the cryptocurrency exchange FTX, was sentenced to 25 years in prison by Judge Lewis A. Kaplan. The sentencing follows a landmark trial that has captured widespread attention for its revelations of financial misconduct within the cryptocurrency industry. Crypto Mogul Sam Bankman-Fried Handed 25-Year Sentence; $11 Billion … Read more
Former FTX Boss Sam Bankman-Fried Sentenced to 25 Years in Prison
On Thursday, March 28, 2024, the former head of FTX, Sam Bankman-Fried, received his sentence during a federal court proceeding in Manhattan. U.S. Marshals escorted Bankman-Fried into the courtroom at precisely 9:39 a.m. Eastern Time, as reported by Matthew Russell Lee of Inner City Press. Judge Lewis Kaplan said, ” I know the Probation Department … Read more
FTX CEO Disputes Sam Bankman-Fried’s Claims of Solvency and No Harm to Creditors
John J. Ray III, the chief executive officer of FTX Trading Ltd., has issued a strong rebuttal against former CEO Sam Bankman-Fried’s assertions regarding the company’s financial state and the impact on its creditors. FTX Chief Restructuring Officer and CEO Debunks Bankman-Fried’s FTX Solvency Claims John J. Ray III outlined the extensive efforts made to … Read more
