Sam Bankman-Fried has been sentenced to 25 years in prison for running a crypto scam business that devastated thousands of investors.
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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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 […]
The post Ava Labs CEO Issues Warning, Says Rise of ‘Trash L2s’ Will Fill Void of Sam Bankman-Fried appeared first on The Daily Hodl.
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, […]
The post SBF Lawyers Call Prosecutor’s Sentence Recommendations ‘Disturbing’ in New Letter To Judge appeared first on The Daily Hodl.
Prosecutors are recommending that disgraced FTX founder Sam Bankman-Fried serve decades behind bars as well as be ordered to pay a staggering $11 billion money judgment. In a new court filing, the prosecutors in the case say that while the guidelines recommend a sentence of up to 100 years – which is effectively a life […]
The post Prosecutors Recommend up to 50-Year Prison Sentence and $11,000,000,000 Money Judgment for Sam Bankman-Fried appeared first on The Daily Hodl.