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Prosecutors Demand 50 Years for Bankman-Fried, Citing FTX Founder’s Repeated Gambles ‘With Other People’s Money’

Prosecutors Demand 50 Years for Bankman-Fried, Citing FTX Founder’s Repeated Gambles ‘With Other People’s Money’In a statement from U.S. Attorney Damian Williams and his team, the fallen FTX founder, Sam Bankman-Fried (SBF), faces a recommendation for up to half a century behind bars for his offenses. The prosecutors argue that SBF has a penchant for high-stake risk and “gambling repeatedly with other people’s money.” SBF’s Path From Finance Tycoon […]

Crypto sentiment index drops to October levels as Bitcoin dips under $92K

Sam Bankman-Fried’s Lawyers Push for Maximum 78-Month Sentence, Say Recommended 100 Years Is ‘Grotesque’

Sam Bankman-Fried’s Lawyers Push for Maximum 78-Month Sentence, Say Recommended 100 Years Is ‘Grotesque’

Sam Bankman-Fried’s legal team is seeking a lighter-than-recommended sentence for the convicted founder of the bankrupt crypto exchange platform FTX. In a new court filing, Bankman-Fried’s lawyers say they disagree with the Presentence Investigation Report (PSR) recommendation that the former executive should be sentenced to 100 years behind bars. The PSR – which is prepared […]

The post Sam Bankman-Fried’s Lawyers Push for Maximum 78-Month Sentence, Say Recommended 100 Years Is ‘Grotesque’ appeared first on The Daily Hodl.

Crypto sentiment index drops to October levels as Bitcoin dips under $92K

A Maximum of 78 Months — Sam Bankman-Fried’s Legal Team Calls for Leniency

A Maximum of 78 Months — Sam Bankman-Fried’s Legal Team Calls for LeniencyIn a recent legal submission, Sam Bankman-Fried’s freshly appointed defense team strongly criticized the suggested century-long sentence as “grotesque.” The firm Mukasey Young is pushing for a gentler verdict for the 31-year-old creator of FTX. Bankman-Fried’s Defense Urges Judge to Cap Sentence at 78 Months The defense’s legal brief argues that the suggested sentence is […]

Crypto sentiment index drops to October levels as Bitcoin dips under $92K

Report: Bankman-Fried Stands by Legal Team Amid Potential Conflict of Interest

Report: Bankman-Fried Stands by Legal Team Amid Potential Conflict of InterestSources report that Sam Bankman-Fried (SBF), the erstwhile crypto magnate and former head of FTX, intends to utilize his newly appointed legal team, despite these attorneys also serving Alex Mashinsky, the former chief of Celsius. On Wednesday, in a courtroom declaration, SBF confirmed his complete understanding that his legal representatives were also advocating for Mashinsky. […]

Crypto sentiment index drops to October levels as Bitcoin dips under $92K

Behind MDC Walls — Independent Reporter Captures Photo of Sam Bankman-Fried’s New Reality

Behind MDC Walls — Independent Reporter Captures Photo of Sam Bankman-Fried’s New RealityThis week, a prison snapshot featuring Sam Bankman-Fried (SBF), the ex-FTX chief, was released by the independent journalist Tiffany Fong. Capturing the first glimpse of SBF since his detention, the image places the once-prominent cryptocurrency magnate alongside five other detainees within the confines of the Metropolitan Detention Center (MDC) in Brooklyn. First Look: SBF Behind […]

Crypto sentiment index drops to October levels as Bitcoin dips under $92K

FTX Plans To Sell Digital Custody Inc to CoinList for $500,000 After Acquiring the Firm for $10,000,000

FTX Plans To Sell Digital Custody Inc to CoinList for 0,000 After Acquiring the Firm for ,000,000

Bankrupt crypto exchange FTX is planning on selling one of its subsidiaries, Digital Custody, Inc. (DCI), to CoinList at a massive discount. New court documents reveal that FTX is going to sell DCI, which it planned to use to provide custodial services for FTX.US and LedgerX customers, to crypto exchange CoinList for just $500,000 after […]

The post FTX Plans To Sell Digital Custody Inc to CoinList for $500,000 After Acquiring the Firm for $10,000,000 appeared first on The Daily Hodl.

Crypto sentiment index drops to October levels as Bitcoin dips under $92K

FTX Estate Selling Crypto, Hoarding Cash To Pay Out Customer Claims: Report

FTX Estate Selling Crypto, Hoarding Cash To Pay Out Customer Claims: Report

The bankruptcy estate of former crypto exchange FTX is reportedly selling off billions of dollars worth of crypto assets and hoarding cash to pay out customers it owes money to. According to a new report by Bloomberg, FTX has begun selling digital assets as a means of repaying customers who had their accounts frozen during […]

The post FTX Estate Selling Crypto, Hoarding Cash To Pay Out Customer Claims: Report appeared first on The Daily Hodl.

Crypto sentiment index drops to October levels as Bitcoin dips under $92K

Sam Bankman-Fried’s Parents File Motion To Block FTX From Recovering Assets Transferred to the Couple

Sam Bankman-Fried’s Parents File Motion To Block FTX From Recovering Assets Transferred to the Couple

The parents of former FTX CEO Sam Bankman-Fried are asking the court to dismiss the lawsuit accusing them of exploiting their access and influence within the now-bankrupt crypto exchange to enrich themselves. In September, the FTX estate sued Stanford Law School professors Joseph Bankman and Barbara Fried to hold them accountable for their alleged misconduct […]

The post Sam Bankman-Fried’s Parents File Motion To Block FTX From Recovering Assets Transferred to the Couple appeared first on The Daily Hodl.

Crypto sentiment index drops to October levels as Bitcoin dips under $92K

U.S. Prosecutors Won’t Pursue Second Trial Against FTX Founder Sam Bankman-Fried: Report

U.S. Prosecutors Won’t Pursue Second Trial Against FTX Founder Sam Bankman-Fried: Report

U.S. prosecutors are reportedly not pursuing a second trial against disgraced FTX founder Sam Bankman-Fried. According to a new report by Reuters, in a recently penned letter to a federal court in Manhattan, the prosecutors say that the benefits of a second trial outweigh the public’s strong interest in a prompt resolution in the case […]

The post U.S. Prosecutors Won’t Pursue Second Trial Against FTX Founder Sam Bankman-Fried: Report appeared first on The Daily Hodl.

Crypto sentiment index drops to October levels as Bitcoin dips under $92K