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Sam Bankman-Fried: From Crypto Prodigy to Convicted Fraudster By [Jutt] – July 20, 2025
Sam Bankman-Fried: From Crypto Prodigy to Convicted Fraudster
By [Your Name] – July 20, 2025
New York, NY — Sam Bankman-Fried (SBF), once hailed as the “golden boy” of crypto, now stands as one of the most infamous figures in modern financial history. The MIT graduate and founder of the collapsed crypto exchange FTX was sentenced in March 2024 to 25 years in federal prison for orchestrating one of the largest financial frauds in American history.
🚀 Rise of a Crypto Star
Born in 1992 and educated at MIT, Bankman-Fried launched Alameda Research, a quantitative trading firm, before founding FTX, which rapidly became the second-largest crypto exchange in the world. SBF’s name became synonymous with innovation in decentralized finance, and he rubbed shoulders with politicians, celebrities, and top-tier investors.
At its peak, FTX was valued at $32 billion. Bankman-Fried was seen as a philanthropic billionaire, promoting the philosophy of “Effective Altruism” — the idea of making money to give it away for good causes.
🔥 Fall from Grace
In late 2022, FTX imploded. Investigations revealed that Bankman-Fried secretly transferred billions of dollars in customer funds from FTX to Alameda Research, which made highly risky and ultimately failed investments.
He was arrested in the Bahamas and extradited to the U.S., facing multiple charges, including:
Wire Fraud
Securities Fraud
Money Laundering
Campaign Finance Violations
In November 2023, a federal jury convicted him on seven counts of fraud and conspiracy. Prosecutors alleged that SBF misled investors, regulators, and the public — all while funneling funds into political donations and personal ventures.
💥 The Damage
FTX’s collapse wiped out over $8 billion in customer funds. Thousands of users were left without access to their money. The incident sparked global concern over crypto regulation and called into question the trustworthiness of centralized exchanges.
Bankman-Fried’s sentencing in March 2024 marked the end of a saga that rocked the digital asset world. His 25-year prison sentence came with a stern message from the court: no one — regardless of status or intellect — is above the law.
#Write2Earn
#ftt
#FTX
By [Your Name] – July 20, 2025
New York, NY — Sam Bankman-Fried (SBF), once hailed as the “golden boy” of crypto, now stands as one of the most infamous figures in modern financial history. The MIT graduate and founder of the collapsed crypto exchange FTX was sentenced in March 2024 to 25 years in federal prison for orchestrating one of the largest financial frauds in American history.
🚀 Rise of a Crypto Star
Born in 1992 and educated at MIT, Bankman-Fried launched Alameda Research, a quantitative trading firm, before founding FTX, which rapidly became the second-largest crypto exchange in the world. SBF’s name became synonymous with innovation in decentralized finance, and he rubbed shoulders with politicians, celebrities, and top-tier investors.
At its peak, FTX was valued at $32 billion. Bankman-Fried was seen as a philanthropic billionaire, promoting the philosophy of “Effective Altruism” — the idea of making money to give it away for good causes.
🔥 Fall from Grace
In late 2022, FTX imploded. Investigations revealed that Bankman-Fried secretly transferred billions of dollars in customer funds from FTX to Alameda Research, which made highly risky and ultimately failed investments.
He was arrested in the Bahamas and extradited to the U.S., facing multiple charges, including:
Wire Fraud
Securities Fraud
Money Laundering
Campaign Finance Violations
In November 2023, a federal jury convicted him on seven counts of fraud and conspiracy. Prosecutors alleged that SBF misled investors, regulators, and the public — all while funneling funds into political donations and personal ventures.
💥 The Damage
FTX’s collapse wiped out over $8 billion in customer funds. Thousands of users were left without access to their money. The incident sparked global concern over crypto regulation and called into question the trustworthiness of centralized exchanges.
Bankman-Fried’s sentencing in March 2024 marked the end of a saga that rocked the digital asset world. His 25-year prison sentence came with a stern message from the court: no one — regardless of status or intellect — is above the law.
#Write2Earn
#ftt
#FTX
🔥 $FTT Jumps Big in Just 24 Hours! Is FTX Making a Comeback? 🚀
FTX Token (FTT) spiked after Backpack launched a no-fee claims platform for FTX creditors 💼
What’s fueling the move? 👇
📌 Backpack’s new platform (July 18):
✅ Lets FTX claimants sell off-market
✅ Reduces fear of token dumps
✅ Triggered instant surge in FTT
📈 Technical signals:
📍 Broke above $1.11 key resistance (Fib 127.2 extension)
📊 RSI at 74.7 shows overbought but strong momentum
🎯 Eyes on $1.1855 if rally continues
🛡️ $1.087 now acts as support
🐋 Whale-heavy supply = high volatility. Big players are clearly reacting.
⚠️ Main question: Will claimants cash out or hold? This move may mark a major shift in FTT’s future.
#FTT #FTX
FTX Token (FTT) spiked after Backpack launched a no-fee claims platform for FTX creditors 💼
What’s fueling the move? 👇
📌 Backpack’s new platform (July 18):
✅ Lets FTX claimants sell off-market
✅ Reduces fear of token dumps
✅ Triggered instant surge in FTT
📈 Technical signals:
📍 Broke above $1.11 key resistance (Fib 127.2 extension)
📊 RSI at 74.7 shows overbought but strong momentum
🎯 Eyes on $1.1855 if rally continues
🛡️ $1.087 now acts as support
🐋 Whale-heavy supply = high volatility. Big players are clearly reacting.
⚠️ Main question: Will claimants cash out or hold? This move may mark a major shift in FTT’s future.
#FTT #FTX
Violeta Sweney s8Pf:
We will support all those alienated #BoBfreeSamBankmanfried
Evening News Update #Web3
💵 Circle: Issued $7.5B and redeemed $5.7B USDC over the past 7 days, growing supply by $1.8B. Total circulation now stands at 64.5B USDC, backed by $64.7B in reserves.
🐋 On-chain analyst @ai_9684xtpa: Whale 0x54d added 805.1 ETH ($2.89M) 4 hours ago. Total swing trade now at 5,578 ETH ($19.98M) at an average price of $3,583.
🇭🇰 Sources: Hong Kong to issue stablecoin licenses via an invite-only process during the initial phase.
⚖️ FTX creditor rep @sunil_trades: Bahamas claim process may fall under UK/EU jurisdiction, requiring additional approval.
📊 Coinglass: If BTC breaks $120K, major CEXs could see $1.503B in short liquidations; if it drops below $116K, long liquidations could hit $1.31B.
#USDC #Circle #ETH #Whale #FTX #BTC #Liquidation #HongKong #stablecoin #CryptoNews #Web3
💵 Circle: Issued $7.5B and redeemed $5.7B USDC over the past 7 days, growing supply by $1.8B. Total circulation now stands at 64.5B USDC, backed by $64.7B in reserves.
🐋 On-chain analyst @ai_9684xtpa: Whale 0x54d added 805.1 ETH ($2.89M) 4 hours ago. Total swing trade now at 5,578 ETH ($19.98M) at an average price of $3,583.
🇭🇰 Sources: Hong Kong to issue stablecoin licenses via an invite-only process during the initial phase.
⚖️ FTX creditor rep @sunil_trades: Bahamas claim process may fall under UK/EU jurisdiction, requiring additional approval.
📊 Coinglass: If BTC breaks $120K, major CEXs could see $1.503B in short liquidations; if it drops below $116K, long liquidations could hit $1.31B.
#USDC #Circle #ETH #Whale #FTX #BTC #Liquidation #HongKong #stablecoin #CryptoNews #Web3
ALTSEASON ACCELERATOR: $CAKE $SOL $FTT 5X ROTATION PLAY!
🚀 ALTSEASON ACCELERATOR: $CAKE $SOL $FTT 5X ROTATION PLAY! 🚀
Follow @Crypto_dude_sy for real-time breakout alerts
### 🌌 PHASE 1: STRATEGIC ACCUMULATION (NOW - SEP 2025)
The Trinity Setup:
- $CAKE (DeFi Powerhouse):
→ Entry: $1.85-$2.10 (V4 upgrade support)
→ Catalyst: 84% deflationary + Binance Launchpool integration
→ Target: $3.80 (pre-halving ATH retest)
- $SOL (Speed Demon):
→ Entry: $130-$142 (Firedancer upgrade dip)
→ Catalyst: Visa stablecoin pilot → 1M+ TPS confirmed
→ Target: $240 (institutional FOMO zone)
- $FTT (Phoenix Play):
→ Entry: $0.95-$1.05 (420% volume surge zone)
→ Catalyst: Exchange relaunch rumors + OTC whale bids
→ Target: $1.81 (79% upside)
### 💥 PHASE 2: IGNITION TRIGGERS (OCT-DEC 2025)
Rotate when:
✅ PancakeSwap V4 volume > $3B daily (current: $1.1B)
✅ SOL/BTC ratio > 0.0025 (ecosystem rotation signal)
✅ FTT CME futures listed (volatility explosion)
Profit ladder:
- 30% at 2x → 50% at 3x → 20% at 5x
Compound gains:
- Stake $CAKE for 40% APY
- Provide SOL/FTT liquidity on Binance Liquid Swap
### ⚠️ PHASE 3: CRASH ARMOR (Q1 2026)
Exit signals:
- Memecoin dominance > 30%
- Fed balance sheet shrinks >15%
- $CAKE TVL drops below $2B
The $FTT Hedge:
→ Short via 3x leveraged token during market panic
→ Rotate profits to Binance FDUSD (12% APY panic yield)
---
📊 LIVE METRICS (JULY 2025):
| Coin | Support | Resistance | Catalyst ETA |
|----------|------------------|------------------|------------------|
| $CAKE | $1.85 | $2.50 | Aug 15 (V4 DEX) |
| $SOL | $142 | $168 | Sep 1 (Firedancer) |
| $FTT | $1.05 | $1.20 | Jul 28 (OTC deal) |
Narrative synergy:
- DeFi Summer 2.0 ($CAKE)
- Payments revolution ($SOL)
- Bankruptcy arbitrage ($FTT)
---
🚨 YOUR ACTION PLAN:
1️⃣ DCA into $CAKE <$2.10 + $SOL <$142
2️⃣ SWING TRADE $FTT volatility between $0.95-$1.20
3️⃣ SET ALERTS for:
- $CAKE V4 volume spike
- SOL Visa partnership confirmation
💬 COMMENT "TRIO" for my leveraged token strategy
🔔 FOLLOW @Crypto_dude_sy → Exit siren at 1K followers!
$CAKE $SOL $FTT
#Altseason #PancakeSwap #Solana #FTX #defi
⚠️ Data: DefiLlama, CoinGecko, Binance Research. Prices 2025-07-20. Not advice.
Follow @Crypto_dude_sy for real-time breakout alerts
### 🌌 PHASE 1: STRATEGIC ACCUMULATION (NOW - SEP 2025)
The Trinity Setup:
- $CAKE (DeFi Powerhouse):
→ Entry: $1.85-$2.10 (V4 upgrade support)
→ Catalyst: 84% deflationary + Binance Launchpool integration
→ Target: $3.80 (pre-halving ATH retest)
- $SOL (Speed Demon):
→ Entry: $130-$142 (Firedancer upgrade dip)
→ Catalyst: Visa stablecoin pilot → 1M+ TPS confirmed
→ Target: $240 (institutional FOMO zone)
- $FTT (Phoenix Play):
→ Entry: $0.95-$1.05 (420% volume surge zone)
→ Catalyst: Exchange relaunch rumors + OTC whale bids
→ Target: $1.81 (79% upside)
### 💥 PHASE 2: IGNITION TRIGGERS (OCT-DEC 2025)
Rotate when:
✅ PancakeSwap V4 volume > $3B daily (current: $1.1B)
✅ SOL/BTC ratio > 0.0025 (ecosystem rotation signal)
✅ FTT CME futures listed (volatility explosion)
Profit ladder:
- 30% at 2x → 50% at 3x → 20% at 5x
Compound gains:
- Stake $CAKE for 40% APY
- Provide SOL/FTT liquidity on Binance Liquid Swap
### ⚠️ PHASE 3: CRASH ARMOR (Q1 2026)
Exit signals:
- Memecoin dominance > 30%
- Fed balance sheet shrinks >15%
- $CAKE TVL drops below $2B
The $FTT Hedge:
→ Short via 3x leveraged token during market panic
→ Rotate profits to Binance FDUSD (12% APY panic yield)
---
📊 LIVE METRICS (JULY 2025):
| Coin | Support | Resistance | Catalyst ETA |
|----------|------------------|------------------|------------------|
| $CAKE | $1.85 | $2.50 | Aug 15 (V4 DEX) |
| $SOL | $142 | $168 | Sep 1 (Firedancer) |
| $FTT | $1.05 | $1.20 | Jul 28 (OTC deal) |
Narrative synergy:
- DeFi Summer 2.0 ($CAKE)
- Payments revolution ($SOL)
- Bankruptcy arbitrage ($FTT)
---
🚨 YOUR ACTION PLAN:
1️⃣ DCA into $CAKE <$2.10 + $SOL <$142
2️⃣ SWING TRADE $FTT volatility between $0.95-$1.20
3️⃣ SET ALERTS for:
- $CAKE V4 volume spike
- SOL Visa partnership confirmation
💬 COMMENT "TRIO" for my leveraged token strategy
🔔 FOLLOW @Crypto_dude_sy → Exit siren at 1K followers!
$CAKE $SOL $FTT
#Altseason #PancakeSwap #Solana #FTX #defi
⚠️ Data: DefiLlama, CoinGecko, Binance Research. Prices 2025-07-20. Not advice.
FTT TOKEN SALE DEL 20% SUI RUMORS DI POSSIBILE LIBERAZIONE DI SAM BANKMAN-FRIED
Il token FTT ha registrato un significativo rialzo del 20% nelle ultime ore, alimentato da speculazioni sulla possibile liberazione anticipata di Sam Bankman-Fried, ex CEO di FTX attualmente in carcere.
Le voci di mercato si sono intensificate dopo che alcuni analisti hanno suggerito che l'amministrazione Trump potrebbe considerare una grazia per il fondatore di FTX, condannato a 25 anni di prigione. I mercati di previsione decentralizzati come Polymarket mostrano attualmente una probabilità del 3% che Bankman-Fried venga graziato nei primi 100 giorni.
Il token FTT ha dimostrato in passato una forte correlazione con le notizie riguardanti il suo fondatore. A febbraio 2025, FTT aveva già registrato un picco del 30% quando Sam Bankman-Fried aveva pubblicato il suo primo post sui social in due anni.
Gli investitori continuano a scommettere su possibili sviluppi legali che potrebbero influenzare il futuro dell'ecosistema FTX, nonostante l'exchange rimanga in bancarotta.
#FTX #ftt #SamBankman-Fried
Il token FTT ha registrato un significativo rialzo del 20% nelle ultime ore, alimentato da speculazioni sulla possibile liberazione anticipata di Sam Bankman-Fried, ex CEO di FTX attualmente in carcere.
Le voci di mercato si sono intensificate dopo che alcuni analisti hanno suggerito che l'amministrazione Trump potrebbe considerare una grazia per il fondatore di FTX, condannato a 25 anni di prigione. I mercati di previsione decentralizzati come Polymarket mostrano attualmente una probabilità del 3% che Bankman-Fried venga graziato nei primi 100 giorni.
Il token FTT ha dimostrato in passato una forte correlazione con le notizie riguardanti il suo fondatore. A febbraio 2025, FTT aveva già registrato un picco del 30% quando Sam Bankman-Fried aveva pubblicato il suo primo post sui social in due anni.
Gli investitori continuano a scommettere su possibili sviluppi legali che potrebbero influenzare il futuro dell'ecosistema FTX, nonostante l'exchange rimanga in bancarotta.
#FTX #ftt #SamBankman-Fried
Cựu đồng sáng lập BlockFi Flori Gilroy gia nhập SoFi, dẫn dắt mảng Crypto
Flori Gilroy, đồng sáng lập của #BlockFi (công ty cho vay crypto đã phá sản), đã được bổ nhiệm làm Phó Chủ tịch cấp cao của đơn vị crypto tại SoFi. Động thái này đánh dấu sự trở lại của cả hai nhà sáng lập BlockFi vào ngành crypto, sau khi Zac Prince (đồng sáng lập còn lại) gia nhập Galaxy.
SoFi tăng cường mảng Crypto
Gilroy từng là Flori Marquez khi điều hành BlockFi, một công ty cho vay crypto hàng đầu từng sụp đổ do ảnh hưởng của Three Arrows Capital và #FTX . SoFi từng là nhà đầu tư vòng hạt giống của BlockFi vào năm 2018.
#SOFI đang đẩy mạnh đổi mới dịch vụ crypto của mình trong năm nay, sau khi tạm ngừng giao dịch crypto vào năm 2023 vì các quy định mới của FED. SoFi dự kiến sẽ ra mắt lại dịch vụ chuyển tiền toàn cầu và đầu tư crypto vào cuối năm nay, như là "những đổi mới đầu tiên trong nhiều đổi mới về crypto và blockchain" của công ty.
Flori Gilroy, đồng sáng lập của #BlockFi (công ty cho vay crypto đã phá sản), đã được bổ nhiệm làm Phó Chủ tịch cấp cao của đơn vị crypto tại SoFi. Động thái này đánh dấu sự trở lại của cả hai nhà sáng lập BlockFi vào ngành crypto, sau khi Zac Prince (đồng sáng lập còn lại) gia nhập Galaxy.
SoFi tăng cường mảng Crypto
Gilroy từng là Flori Marquez khi điều hành BlockFi, một công ty cho vay crypto hàng đầu từng sụp đổ do ảnh hưởng của Three Arrows Capital và #FTX . SoFi từng là nhà đầu tư vòng hạt giống của BlockFi vào năm 2018.
#SOFI đang đẩy mạnh đổi mới dịch vụ crypto của mình trong năm nay, sau khi tạm ngừng giao dịch crypto vào năm 2023 vì các quy định mới của FED. SoFi dự kiến sẽ ra mắt lại dịch vụ chuyển tiền toàn cầu và đầu tư crypto vào cuối năm nay, như là "những đổi mới đầu tiên trong nhiều đổi mới về crypto và blockchain" của công ty.
ZOMBIE COIN APOCALYPSE - YOUR PORTFOLIO COULD BE INFECTED (AND YOU DON’T EVEN KNOW IT) 💀
🚨 BREAKING: 37% of 2025’s “hot” #memecoins are ALREADY UNDEAD – here’s how to spot them before they EAT YOUR GAINS.
📉 THE SILENT KILLER IN YOUR WALLET
You’re holding TICKER_NAME?
Big mistake.#Zombie coins are quietly draining liquidity from legit projects while you sleep.
One dev team admitted: “We abandoned it 8 months ago, but the bots keep trading”
😱5 SIGNS YOUR COIN IS A WALKING CORPSE
☠️ Inactive Devs: Last GitHub commit was before #chatGPT-4
☠️ Ghost Community: Telegram chat = 90% crypto-bro spam bots
☠️ Liquidity Vampires: 97% of trades are wash transactions
☠️ SEC Death Mark: Unregistered securities list growing 12% weekly
☠️ Pump Graveyards: Last 50x pump was 19 months ago
💥 THE “SECRET” SEC BLACKLIST
Lleaked documents reveal regulators are targeting 83 zombie coins for mass delisting. One insider whispered: “It’s worse than #FTX – these are ticking time bombs”
💣🚀 SURVIVAL KIT FOR 2025’S CRYPTO WINTER
1️⃣ GitHub Autopsy: Check commit history – no updates in 6 months? RUN
2️⃣ Liquidity X-Ray: Use DexScreener – if >80% volume is on one DEX, it’s RIGGED
3️⃣ Community CPR: Real projects have AMA schedules, not just memes
4️⃣ SEC Body Scan: Cross-reference with new Crypto Enforcement Database🤯 SHOCK PREDICTION: Analysts warn “Zombie coins will trigger the next -63% market crash” as exchanges purge dead tokens.
YOUR MOVE:
✅ SHARE THIS POST if you’ve ever held a coin that went 💀
✅ TAG 3 FRIENDS who still think ShibaFlokiInu is “undervalued”
✅ COMMENT “🧟” if you’ve been zombified (we’ll DM a detox guide)
⚠️ WARNING: This post might be DELETED in 24hrs – Big Crypto doesn’t want you to know. SCREENSHOT NOW before it’s GONE
$GALA
#ETHBreaks3k
$XLM
🚨 BREAKING: 37% of 2025’s “hot” #memecoins are ALREADY UNDEAD – here’s how to spot them before they EAT YOUR GAINS.
📉 THE SILENT KILLER IN YOUR WALLET
You’re holding TICKER_NAME?
Big mistake.#Zombie coins are quietly draining liquidity from legit projects while you sleep.
One dev team admitted: “We abandoned it 8 months ago, but the bots keep trading”
😱5 SIGNS YOUR COIN IS A WALKING CORPSE
☠️ Inactive Devs: Last GitHub commit was before #chatGPT-4
☠️ Ghost Community: Telegram chat = 90% crypto-bro spam bots
☠️ Liquidity Vampires: 97% of trades are wash transactions
☠️ SEC Death Mark: Unregistered securities list growing 12% weekly
☠️ Pump Graveyards: Last 50x pump was 19 months ago
💥 THE “SECRET” SEC BLACKLIST
Lleaked documents reveal regulators are targeting 83 zombie coins for mass delisting. One insider whispered: “It’s worse than #FTX – these are ticking time bombs”
💣🚀 SURVIVAL KIT FOR 2025’S CRYPTO WINTER
1️⃣ GitHub Autopsy: Check commit history – no updates in 6 months? RUN
2️⃣ Liquidity X-Ray: Use DexScreener – if >80% volume is on one DEX, it’s RIGGED
3️⃣ Community CPR: Real projects have AMA schedules, not just memes
4️⃣ SEC Body Scan: Cross-reference with new Crypto Enforcement Database🤯 SHOCK PREDICTION: Analysts warn “Zombie coins will trigger the next -63% market crash” as exchanges purge dead tokens.
YOUR MOVE:
✅ SHARE THIS POST if you’ve ever held a coin that went 💀
✅ TAG 3 FRIENDS who still think ShibaFlokiInu is “undervalued”
✅ COMMENT “🧟” if you’ve been zombified (we’ll DM a detox guide)
⚠️ WARNING: This post might be DELETED in 24hrs – Big Crypto doesn’t want you to know. SCREENSHOT NOW before it’s GONE
$GALA
#ETHBreaks3k
$XLM
💸🔥 FTX Unstakes Massive Amount of $SOL Amid Market Surge! 🔥💸
As the broader crypto market heats up, FTX just made a major move — unstaking a large batch of Solana $SOL today. 👀🔓
🚨 What does it mean?
🔹 Potential upcoming liquidation or redistribution
🔹 Could signal asset repositioning amid the bull momentum
🔹 Raises eyebrows as SOL continues its upward rally 📈
With $SOL climbing and the market turning green, all eyes are now on how FTX will handle its massive on-chain holdings.
🧠 Is this strategic timing… or just the beginning of something bigger?
#FTX #solana #Market_Update
#Unstaking #altseason2025
As the broader crypto market heats up, FTX just made a major move — unstaking a large batch of Solana $SOL today. 👀🔓
🚨 What does it mean?
🔹 Potential upcoming liquidation or redistribution
🔹 Could signal asset repositioning amid the bull momentum
🔹 Raises eyebrows as SOL continues its upward rally 📈
With $SOL climbing and the market turning green, all eyes are now on how FTX will handle its massive on-chain holdings.
🧠 Is this strategic timing… or just the beginning of something bigger?
#FTX #solana #Market_Update
#Unstaking #altseason2025
📜 Bookmark this: #LUNC is the FIRST coin to make a full comeback after total collapse 🔁
2025 is the year LUNA CLASSIC becomes LEGENDARY HIT $1 soon🌟✅🗾
$LUNA $LUNC #CryptoComeback #FTX #USCryptoWeek #SECETFApproval
$PEPE
2025 is the year LUNA CLASSIC becomes LEGENDARY HIT $1 soon🌟✅🗾
$LUNA $LUNC #CryptoComeback #FTX #USCryptoWeek #SECETFApproval
$PEPE
Breaking: FTX/Alameda Moves $31M in SOL to Custody
🔄@Arkham reports that the FTX /Alameda Staking address has transferred 189,800 @Solana Official (≈$31.17M) to Bitgo Custody early today, following recent unstaking.
🔒Over 4.88M SOL (~$799M) remains locked and pending further release from the same address.
#FTX #Alameda #SOL #Web3 #BreakingNews
🔄@Arkham reports that the FTX /Alameda Staking address has transferred 189,800 @Solana Official (≈$31.17M) to Bitgo Custody early today, following recent unstaking.
🔒Over 4.88M SOL (~$799M) remains locked and pending further release from the same address.
#FTX #Alameda #SOL #Web3 #BreakingNews
Breaking: BlockFi Settles with U.S. DOJ, $35M Lawsuit Dismissed
⚖️Bankrupt crypto lender BlockFi has reached a settlement with the U.S. Department of Justice, leading to the dismissal of a $35M asset dispute related to funds tied to an Estonian fraud case.
📉BlockFi, which collapsed post-FTX in November 2022, still owes around $10B to nearly 100,000 creditors. The final customer withdrawal deadline was previously set for April 28, 2024.
#BlockFi #FTX #CryptoNews #BreakingNews
⚖️Bankrupt crypto lender BlockFi has reached a settlement with the U.S. Department of Justice, leading to the dismissal of a $35M asset dispute related to funds tied to an Estonian fraud case.
📉BlockFi, which collapsed post-FTX in November 2022, still owes around $10B to nearly 100,000 creditors. The final customer withdrawal deadline was previously set for April 28, 2024.
#BlockFi #FTX #CryptoNews #BreakingNews
FTX Unstakes $31M in SOL – Will Solana Face a Sell-Off or Will the Market Absorb It?
As the crypto market rallies, FTX is once again making headlines. This time, it’s due to the unstaking of nearly 190,000 Solana (SOL) tokens worth over $31 million. The big question: Is this a routine move or a sign of incoming sell pressure?
🚨 $31 Million in SOL Unstaked at a Critical Moment
According to Lookonchain, FTX’s bankruptcy estate transferred 189,851 SOL worth approximately $31.32 million. This happened right as the crypto market gains momentum and institutional interest in the Solana ecosystem continues to grow.
While some analysts argue this is just a routine transaction—FTX has been unstaking tokens regularly for months—others point to the timing. Releasing SOL now could create short-term volatility.
Market sentiment is sensitive. “Sending these tokens back into circulation at this stage might spark more uncertainty,” noted one market observer.
📊 Can the Market Handle It?
Despite the concerns, there's a strong counterpoint: Solana is currently in high demand. Its network processes over $30 billion in daily transactions and has shown greater resilience to past sell-offs. In this context, the $31 million looks relatively minor.
Some experts even see this development as positive. They speculate FTX could use the unlocked SOL for strategic investments or opportunistic acquisitions, not necessarily for dumping on the market.
🧾 FTX Repayments and Potential Price Impact
FTX is in the process of distributing around $5 billion in assets as part of its bankruptcy proceedings. Notably, 82% of creditor claims originate from Chinese users—who face restrictions due to China’s crypto ban. This may delay payouts and help mitigate immediate market impact.
That said, past events give reason for caution. In January 2024, when FTX prepared to release billions in payouts, it unlocked $236 million worth of SOL—causing a temporary price dip. The current $31 million may be smaller, but it still raises red flags about possible future sell pressure.
🔍 What Comes Next?
Much will depend on FTX’s next moves. If the tokens are distributed gradually and held rather than sold, the impact could be minimal. However, if large amounts are sent directly to exchanges, Solana could face increased volatility—even in this bull market.
#solana , #FTX , #CryptoMarket , #CryptoVolatility , #CryptoNews
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
🚨 $31 Million in SOL Unstaked at a Critical Moment
According to Lookonchain, FTX’s bankruptcy estate transferred 189,851 SOL worth approximately $31.32 million. This happened right as the crypto market gains momentum and institutional interest in the Solana ecosystem continues to grow.
While some analysts argue this is just a routine transaction—FTX has been unstaking tokens regularly for months—others point to the timing. Releasing SOL now could create short-term volatility.
Market sentiment is sensitive. “Sending these tokens back into circulation at this stage might spark more uncertainty,” noted one market observer.
📊 Can the Market Handle It?
Despite the concerns, there's a strong counterpoint: Solana is currently in high demand. Its network processes over $30 billion in daily transactions and has shown greater resilience to past sell-offs. In this context, the $31 million looks relatively minor.
Some experts even see this development as positive. They speculate FTX could use the unlocked SOL for strategic investments or opportunistic acquisitions, not necessarily for dumping on the market.
🧾 FTX Repayments and Potential Price Impact
FTX is in the process of distributing around $5 billion in assets as part of its bankruptcy proceedings. Notably, 82% of creditor claims originate from Chinese users—who face restrictions due to China’s crypto ban. This may delay payouts and help mitigate immediate market impact.
That said, past events give reason for caution. In January 2024, when FTX prepared to release billions in payouts, it unlocked $236 million worth of SOL—causing a temporary price dip. The current $31 million may be smaller, but it still raises red flags about possible future sell pressure.
🔍 What Comes Next?
Much will depend on FTX’s next moves. If the tokens are distributed gradually and held rather than sold, the impact could be minimal. However, if large amounts are sent directly to exchanges, Solana could face increased volatility—even in this bull market.
#solana , #FTX , #CryptoMarket , #CryptoVolatility , #CryptoNews
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
⚠️ FTX Unstakes $31M in Solana – Sell-Off Incoming or Market Resilience?
🚀 In the middle of a red-hot crypto rally, FTX has unstaked $31 million worth of SOL, sparking fresh debate across the market:
▫️ Will this trigger a sell-off and short-term volatility?
▫️ Or is it just a routine move absorbed by bullish momentum?
📈 With Solana riding high in the current bull market, such large-scale unstaking from a major player like FTX brings both opportunity and uncertainty.
📊 Some traders brace for impact.
🔺 Others see a chance to accumulate.
#Solana #FTX #CryptoMarket #SellOff #Blockchain
https://coingape.com/ftx-unstakes-31m-solana-crypto-market-rally-sell-off-coming/?utm_source=linkedin&utm_medium=coingape
🚀 In the middle of a red-hot crypto rally, FTX has unstaked $31 million worth of SOL, sparking fresh debate across the market:
▫️ Will this trigger a sell-off and short-term volatility?
▫️ Or is it just a routine move absorbed by bullish momentum?
📈 With Solana riding high in the current bull market, such large-scale unstaking from a major player like FTX brings both opportunity and uncertainty.
📊 Some traders brace for impact.
🔺 Others see a chance to accumulate.
#Solana #FTX #CryptoMarket #SellOff #Blockchain
https://coingape.com/ftx-unstakes-31m-solana-crypto-market-rally-sell-off-coming/?utm_source=linkedin&utm_medium=coingape
🚀 Today’s Top 5 Crypto Headlines – July 10
Bitcoin breaks records, Nvidia makes history, and Trump Jr. dives into Bitcoin. Let’s unpack what’s moving markets today:
Crypto’s heating up—follow now and don’t miss a beat.
#CryptoNews #Bitcoin #BTC #Nvidia #Binance #CZ #BNB #FTX #TrumpJr #CryptoUpdates #CryptoToday #BlockchainNews #CryptoReel #CryptoHeadlines #Web3News #CryptoMarket #BitcoinSurge #CryptoInvesting #CryptoBuzz #CryptoTrends
Bitcoin breaks records, Nvidia makes history, and Trump Jr. dives into Bitcoin. Let’s unpack what’s moving markets today:
Crypto’s heating up—follow now and don’t miss a beat.
#CryptoNews #Bitcoin #BTC #Nvidia #Binance #CZ #BNB #FTX #TrumpJr #CryptoUpdates #CryptoToday #BlockchainNews #CryptoReel #CryptoHeadlines #Web3News #CryptoMarket #BitcoinSurge #CryptoInvesting #CryptoBuzz #CryptoTrends
CHINESE FTX CREDITORS CHALLENGE PAYOUT DISCRIMINATION IN COURT
A Chinese FTX customer has filed a formal objection in U.S. Bankruptcy Court, arguing the exchange’s proposed payout plan unfairly excludes users from “Restricted Jurisdictions” like China and Russia — despite valid claims.
🔹 Over 300 Chinese creditors represented
🔹 Cites violation of U.S. Bankruptcy Code (Section 1129(b)(1))
🔹 Plan accused of geographic discrimination with no legal precedent
🔹 Could set a major precedent for cross-border crypto bankruptcies
The upcoming court ruling could reshape how international crypto insolvencies are handled — and who gets paid.
#FTX #CryptoBankruptcy #China #USBankruptcyCourt #CryptoLaw
A Chinese FTX customer has filed a formal objection in U.S. Bankruptcy Court, arguing the exchange’s proposed payout plan unfairly excludes users from “Restricted Jurisdictions” like China and Russia — despite valid claims.
🔹 Over 300 Chinese creditors represented
🔹 Cites violation of U.S. Bankruptcy Code (Section 1129(b)(1))
🔹 Plan accused of geographic discrimination with no legal precedent
🔹 Could set a major precedent for cross-border crypto bankruptcies
The upcoming court ruling could reshape how international crypto insolvencies are handled — and who gets paid.
#FTX #CryptoBankruptcy #China #USBankruptcyCourt #CryptoLaw
【水哥話題】憑甚麼不還錢？「中國債主組團抗議」FTX：還錢怕坐牢啊！
水哥最近留意到FTX這出破產大戲，又添新劇情了！立馬給兄弟們分享一下。這次是關於「還錢地圖」，FTX管家團隊（資產方）最近舉手說：「報告法官！有些國家的法律太凶，我們不敢給那邊的債主打錢，怕負責人被抓去唱《鐵窗淚》！」
中國債主代表拍桌而起：
一位名叫紀偉偉「Weiwei Ji」的債主大哥（雖然住新加坡，但拿中國護照）代表自己和身後約300人的「中國討債天團」第一個跳出來反對：「這不公平！」
紀老哥的主要論點也很接地氣：
1. 錢就是錢，美元它不香嗎？「和解方案還的是真金白銀的美元！這東西是全球通用，合法合規，又不是塞給你比特幣讓你回家自己挖礦！」
2. 我的虛擬財產也是財產！再說了，中國法律都說了，數字資產算「個人財產」我家的鍋碗瓢盆是財產，我賬戶里的幣就不是了？
3. 我們可是乖寶寶！紀老哥委屈巴巴：「我家四個賬號，KYC（實名認證）做得妥妥帖帖，索賠超1500萬美金！該走的流程一步沒落。現在你們動動嘴皮子就想把我們踢出分錢群？太任性了吧！」
FTX管家為甚麼慫了？
原來，FTX管家團隊在7月初遞了個小紙條給法院，列出了 49個「高危地區」名單（包括中國、俄羅斯、埃及、阿富汗等）。
理由很嚇人：「法官大人！不是我們不想還，是真不敢啊！往這些地方打錢，萬一觸犯了當地「反加密大法」，我們信託的小弟們（董事高管）輕則被罰到傾家蕩產，重則可能要喜提「摩洛哥監獄深度體驗券」（含免費勞動）啊！」
他們還特意點名了摩爾多瓦：「在那兒，搞虛擬資產服務？主業務不行，副業兼職也不行！逮住就是刑事犯罪！」
目前進展：
法院正在圍觀這場「給還是不給還」的辯論賽。FTX其實已經開閘還錢了，先從「便利小債主」開始試水。但還錢標準是按 2022年11月（FTX暴雷那天）的幣價折算成美元，這操作讓不少債主直翻白眼：「幣價都漲上天了，你按地板價還？」😂
水哥總結💦：一邊是怕坐牢的管家，一邊是舉著法律條文和美元喊「還錢」的中國債主天團。
這出跨國討債大戲，看來還得在法院裡多演幾集。吃瓜群眾（水哥）表示：「板凳已備好，就看美元最後能不能突破【法律封鎖線】了！ 」$BTC $SUI #FTX #FTXAuction #FTXbankruptcy
中國債主代表拍桌而起：
一位名叫紀偉偉「Weiwei Ji」的債主大哥（雖然住新加坡，但拿中國護照）代表自己和身後約300人的「中國討債天團」第一個跳出來反對：「這不公平！」
紀老哥的主要論點也很接地氣：
1. 錢就是錢，美元它不香嗎？「和解方案還的是真金白銀的美元！這東西是全球通用，合法合規，又不是塞給你比特幣讓你回家自己挖礦！」
2. 我的虛擬財產也是財產！再說了，中國法律都說了，數字資產算「個人財產」我家的鍋碗瓢盆是財產，我賬戶里的幣就不是了？
3. 我們可是乖寶寶！紀老哥委屈巴巴：「我家四個賬號，KYC（實名認證）做得妥妥帖帖，索賠超1500萬美金！該走的流程一步沒落。現在你們動動嘴皮子就想把我們踢出分錢群？太任性了吧！」
FTX管家為甚麼慫了？
原來，FTX管家團隊在7月初遞了個小紙條給法院，列出了 49個「高危地區」名單（包括中國、俄羅斯、埃及、阿富汗等）。
理由很嚇人：「法官大人！不是我們不想還，是真不敢啊！往這些地方打錢，萬一觸犯了當地「反加密大法」，我們信託的小弟們（董事高管）輕則被罰到傾家蕩產，重則可能要喜提「摩洛哥監獄深度體驗券」（含免費勞動）啊！」
他們還特意點名了摩爾多瓦：「在那兒，搞虛擬資產服務？主業務不行，副業兼職也不行！逮住就是刑事犯罪！」
目前進展：
法院正在圍觀這場「給還是不給還」的辯論賽。FTX其實已經開閘還錢了，先從「便利小債主」開始試水。但還錢標準是按 2022年11月（FTX暴雷那天）的幣價折算成美元，這操作讓不少債主直翻白眼：「幣價都漲上天了，你按地板價還？」😂
水哥總結💦：一邊是怕坐牢的管家，一邊是舉著法律條文和美元喊「還錢」的中國債主天團。
這出跨國討債大戲，看來還得在法院裡多演幾集。吃瓜群眾（水哥）表示：「板凳已備好，就看美元最後能不能突破【法律封鎖線】了！ 」$BTC $SUI #FTX #FTXAuction #FTXbankruptcy
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