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.
Sam Bankman-Fried News
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Many on social media suggested that 25 years was “too light” given the former FTX CEO’s crimes, speculating that he would end up serving less time in prison.
11264Judge Lewis Kaplan found that the former FTX CEO also committed witness tampering and perjury based on his testimony at trial over user funds.
18450More than 500 days after FTX filed for bankruptcy, the world will soon learn whether former CEO Sam Bankman-Fried remains in prison for decades or receives a lenient sentence.
6716Lawyers for FTX say that customer claims for four SBF-linked cryptocurrencies: MAPS, OXY, SERUM, and BOBA should be heavily discounted or reduced to zero.
13317On March 28, Judge Lewis Kaplan will decide how long former FTX CEO Sam Bankman-Fried will remain in prison following his conviction on seven felony counts.
10371Current investors such as Google and Amazon are not considering purchasing the stake, according to the report.
4886The U.S. Marshals Service has custody of a Bombardier Global tied to FTX, and prosecutors are seeking to transport an Embraer Legacy aircraft to Florida to begin sales proceedings.
10641FTX chief John Ray III wrote a scathing victim impact statement on the exchange’s co-founder, Sam Bankman-Fried, ahead of his sentencing date.
7088“Crushing Sam in this way is unnecessary,” said lawyers for the former FTX CEO.
11784Judge Lewis Kaplan could potentially sentence the former FTX CEO to decades in prison on March 28 following his November 2023 conviction.
4753A Google document attached to the U.S. government sentencing memorandum reveals “random probably bad ideas” that Sam Bankman-Fried had to repair his public image.
8893Sam Bankman-Fried asked for a maximum sentence of six and a half years, but he could get over 100 years.
5676Can SOL sustain the momentum after breaking above a 23-month high? Decentralized application volumes surged, but there’s a catch.
13622The FTX collapse and initial efforts to recover funds are described in new letters attached to Sam Bankman-Fried’s sentencing submission.
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