Sentencing of former FTX executive Ryan Salame postponed until May 28
Temps de lecture : < 1 minute The sentencing of former FTX executive Ryan Salame has been postponed until May 28, according to a file from the U.S. District Court for the Southern District of New York. Reasons for postponing sentence It is currently unknown why Salame’s sentencing was postponed from the original date of May 1 to May 28. Details on […]
Sam Bankman-Fried, FTX founder, sentenced to 25 years in prison: memecoin degenerates go into action
Temps de lecture : < 1 minute On March 28, 2024, Judge Lewis Kaplan sentenced FTX founder Sam Bankman-Fried to 25 years in prison for fraud. This conviction makes Bankman-Fried the first FTX figure to be incarcerated in connection with the exchange’s bankruptcy in November 2022. Memecoins in flames At the time of the conviction, a developer launched a memecoin called Sam […]
Silvergate implicated in FTX fraud? Shocking revelations!
Temps de lecture : 2 minutes Silvergate Bank is accused of facilitating fraud at FTX, a case that is shaking the crypto world.
SBF says proposed 50-year prison sentence paints him as “depraved supervillain”
Temps de lecture : < 1 minute Lawyers for Sam “SBF” Bankman-Fried, the ex-CEO of FTX, have expressed outrage at the proposed maximum sentence of 50 years in prison, calling it a “medieval” view of punishment that does not accurately reflect the seriousness of his actions. An exaggerated sentence On March 19, attorneys Marc Mukasey and Torrey Young sent a letter to […]
FTX opts for liquidation to reimburse customers
Temps de lecture : < 1 minute In a surprising turn of events, FTX, one of the most high-profile cryptocurrency exchange platforms, has announced the abandonment of its resurrection plans in favor of a full liquidation strategy. This decision is aimed at fully refunding customers affected by the platform’s spectacular collapse. A resounding collapse FTX, once a giant in the cryptocurrency world, […]
Bankrupt FTX sells its luxury Bahamian properties in a turnaround effort
Temps de lecture : 2 minutes Once-dominant crypto-currency exchange FTX, now in bankruptcy, has launched an auction of several luxury properties in the Bahamas, including a penthouse worth $40 million. The move is part of FTX’s efforts to repay its creditors and account holders, after revealing mismanagement and abuse of customer funds. A critical phase in FTX’s bankruptcy proceedings FTX’s dramatic […]