Sam Bankman-Fried Breaks Silence: ‘Haunted’ by FTX Collapse, Vows to Appeal and Criticizes Legal Process

April 1, 2024 Bitcoin.com

bitcoin.com

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 […]

South Africa’s FIC Unveils Draft Directive for Travel Rule Implementation; Crypto Industry Leader Issues Warning

Disgraced FTX Founder Sam Bankman-Fried Sentenced to 25 Years in Prison After Fraud Conviction

March 28, 2024 The Daily Hodl

Daily Hodl

A US judge has sentenced disgraced FTX founder Sam Bankman-Fried to 25 years in prison after the former crypto tycoon was convicted of fraud charges last year. District Judge Lewis A. Kaplan also sentenced Bankman-Fried to three years of supervised release and ordered him to pay $11 billion in forfeiture. FTX imploded and filed for […]

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South Africa’s FIC Unveils Draft Directive for Travel Rule Implementation; Crypto Industry Leader Issues Warning

Sam Bankman-Fried sentenced to 25 years in prison

March 28, 2024 The Crypto Briefing

Sam Bankman-Fried has been sentenced to 25 years in prison for running a crypto scam business that devastated thousands of investors.

South Africa’s FIC Unveils Draft Directive for Travel Rule Implementation; Crypto Industry Leader Issues Warning

FTX Creditors Likely To Be Paid up to 140% the Value of Their Original Claims: Report

March 27, 2024 The Daily Hodl

Anthropic

FTX’s bankruptcy estate is primed to pay its creditors more than the value of their original claims, according to the Financial Times. Citing two people “with knowledge of the restructuring negotiations,” FT reports that the imploded crypto exchange will likely pay its former customers 120-140% of the value of their holdings on the day FTX […]

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South Africa’s FIC Unveils Draft Directive for Travel Rule Implementation; Crypto Industry Leader Issues Warning

FTX Bankruptcy Claims Surge in Value: Bids Now Approach 93 Cents on the Dollar

March 25, 2024 Bitcoin.com

Bankruptcy

Half a year ago, firms specializing in acquiring troubled companies and their debts were actively accumulating FTX bankruptcy claims worth millions, offering $0.33 for every dollar of claim. Presently, the valuation of these claims has significantly appreciated, with buyers now prepared to offer $0.93 on the dollar for each claim. FTX Bankruptcy Claims Now Worth […]

South Africa’s FIC Unveils Draft Directive for Travel Rule Implementation; Crypto Industry Leader Issues Warning

Ava Labs CEO Issues Warning, Says Rise of ‘Trash L2s’ Will Fill Void of Sam Bankman-Fried

March 25, 2024 The Daily Hodl

Avalanche

Ava Labs CEO Emin Gün Sirer is warning that crypto markets will see another wave of dangerous riff-raff projects rise to prominence during the bull market. Gün Sirer says on the social media platform X that during the last market cycle, most people were not skeptical of FTX CEO Sam Bankman-Fried (SBF), which allowed the […]

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South Africa’s FIC Unveils Draft Directive for Travel Rule Implementation; Crypto Industry Leader Issues Warning

FTX CEO Disputes Sam Bankman-Fried’s Claims of Solvency and No Harm to Creditors

March 23, 2024 Bitcoin.com

100000 bitcoins

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 […]

South Africa’s FIC Unveils Draft Directive for Travel Rule Implementation; Crypto Industry Leader Issues Warning

New Research Paper Sheds Light on Alleged Conflicts of Interest in FTX’s Chapter 11 Filing

March 22, 2024 Bitcoin.com

Bankruptcy

A recent research paper on SSRN by legal scholars scrutinizes the ethical quandaries and potential conflicts of interest surrounding Sullivan & Cromwell LLP’s involvement in FTX’s Chapter 11 bankruptcy filing. Study Highlights Legal Ethics From FTX Bankruptcy Proceedings The SSRN research paper entitled “Conflicting Public and Private Interests in Chapter 11” meticulously explores the controversial […]

South Africa’s FIC Unveils Draft Directive for Travel Rule Implementation; Crypto Industry Leader Issues Warning

Sam Bankman-Fried’s Defense Challenges ‘Super-Villain’ Narrative in Sentencing Debate

March 20, 2024 Bitcoin.com

bitcoin.com

In a detailed letter to Judge Lewis Kaplan, the legal representatives for Sam Bankman-Fried, the embattled founder of cryptocurrency exchange FTX, have vehemently argued against the government’s recommendation for a 50-year prison sentence, labeling it as a “medieval view of punishment.” Legal Team Contests Proposed 50-Year Sentence for Sam Bankman-Fried as Unjust and Excessive In […]

South Africa’s FIC Unveils Draft Directive for Travel Rule Implementation; Crypto Industry Leader Issues Warning

SBF Lawyers Call Prosecutor’s Sentence Recommendations ‘Disturbing’ in New Letter To Judge

March 20, 2024 The Daily Hodl

crypto

The lawyers of disgraced FTX founder Sam Bankman-Fried say that the prosecution’s sentence recommendations for their client are “disturbing.” In a new letter addressed to Judge Lewis A. Kaplan, Bankman-Fried’s attorneys say that the sentence recommendation is draconian and brands the former chief executive as a “supervillain.” “The government’s memorandum is disturbing. With marked hostility, […]

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