Memecoins based on Sam Bankman-Fried rocketed and then crashed as a U.S. court handed down more than two decades of jail time for the former FTX CEO.
FTX Token News
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A report published in The New York Times claimed SBF is giving investment advice to prison guards, reportedly asking them to invest in Solana.
16770Centralized exchanges have largely shrugged off the contagion caused by FTX's bankruptcy in November 2022.
2605Former SEC official John Reed Stark described the FTX reorganization plan as a “highway robbery of highway robbers.”
10270While FTX is keen on refunding the investors based on Nov. 2022 market prices, FTX creditors aim for an “in-kind” repayment structure that bases the repayments on the number of tokens, not their market prices.
7637The embattled crypto firms have begun transferring large volumes of ETH to centralized exchanges as they attempt to pay back creditors.
7856The surge suggests significant institutional attention despite the token’s historical association with FTX’s financial challenges.
3746Bitcoin has more than doubled in price since the FTX collapse in November 2022, but several other coins, such as Chainlink, have seen even bigger gains since.
7552Solana co-founder Anatoly Yakovenko reflects on the fallout of FTX’s failure and its initial impact on Solana ecosystem builders.
10846The former FTX CEO faces seven counts of conspiracy and fraud. A New York court will decide his fate.
69844An internal document was revealed in court showing Sam Bankman-Fried believed Binance leaked Alameda’s balance sheet to the media in 2022.
13829Caroline Ellison, the star witness in the Sam Bankman-Fried criminal trial, testified that SBF tried to use identities linked to Thai sex workers to unfreeze funds before bribing Chinese officials for millions.
5157On the final day of his testimony, FTX co-founder Wang discussed talking to the feds and his interpretation of the “FTX is fine” tweet.
22239Sam Bankman-Fried’s legal team seeks permission to cross-examine Gary Wang over FTX lawyers’ involvement in Alameda loan approvals.
6270Coinbase director Conor Grogan has flagged on chain data that highlights massive USDT mints ordered by Sam Bankman-Fried’s Alameda Research in 2021.
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