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šØSHAQ SETTLES #FTX CLASS ACTION LAWSUIT
š¹Shaquille O'Neal reaches confidential settlement in FTX case
š¹Plaintiffs say he helped promote unregistered securities
š¹Legal drama included 20+ failed serve attempts, finally served at NBA playoff game
š¹Shaq: āJust a paid spokespersonā
š¹Lawsuit also targets Tom Brady, Gisele BĆ¼ndchen & Larry David
š¹FTX collapsed in 2022; SBF convicted in 2023
#Shaq #CryptoLawsuit #SamBankmanFried
-The Block
š¹Shaquille O'Neal reaches confidential settlement in FTX case
š¹Plaintiffs say he helped promote unregistered securities
š¹Legal drama included 20+ failed serve attempts, finally served at NBA playoff game
š¹Shaq: āJust a paid spokespersonā
š¹Lawsuit also targets Tom Brady, Gisele BĆ¼ndchen & Larry David
š¹FTX collapsed in 2022; SBF convicted in 2023
#Shaq #CryptoLawsuit #SamBankmanFried
-The Block
šØSHAQ SETTLES ASTRALS NFT LAWSUIT FOR $11M
š»Florida judge approves $11M class-action settlement
š»Case involved Shaquille OāNealās promotion of Astrals NFTs & GLXY tokens
š»Buyers alleged promotion of unregistered securities
š¹Includes $2.9M in legal fees
š¹OāNeal was active in projectās Discord, using memes to boost hype
š»As NFT market crashed, he distanced himself, frustrating holders
š»Also still facing legal issues over FTX promotions$FTT
$ETH
š»Florida judge approves $11M class-action settlement
š»Case involved Shaquille OāNealās promotion of Astrals NFTs & GLXY tokens
š»Buyers alleged promotion of unregistered securities
š¹Includes $2.9M in legal fees
š¹OāNeal was active in projectās Discord, using memes to boost hype
š»As NFT market crashed, he distanced himself, frustrating holders
š»Also still facing legal issues over FTX promotions$FTT
$ETH
Sam Bankman-Fried Transferred Amidst Ongoing Legal Proceedings šš
Sam Bankman-Fried, former CEO of the collapsed cryptocurrency exchange FTX, has been moved to a prison transit facility in Oklahoma as part of his ongoing sentence for fraud and conspiracy. This transfer marks another chapter in one of the most high-profile cases in the crypto industry.
Crypto Recommendations:
ā Ethereum ($ETH ) ā Despite market turbulence, ETH remains a foundational asset in the crypto ecosystem.
ā Binance Coin ($BNB ) ā As exchanges adapt to regulatory challenges, BNB's utility continues to grow.
ā Solana ($SOL ) ā With its focus on scalability, SOL remains a promising asset amid industry shifts.
#FTX #SamBankmanFried #CryptoLegalNews #Ethereum #BinanceCoin
Sam Bankman-Fried, former CEO of the collapsed cryptocurrency exchange FTX, has been moved to a prison transit facility in Oklahoma as part of his ongoing sentence for fraud and conspiracy. This transfer marks another chapter in one of the most high-profile cases in the crypto industry.
Crypto Recommendations:
ā Ethereum ($ETH ) ā Despite market turbulence, ETH remains a foundational asset in the crypto ecosystem.
ā Binance Coin ($BNB ) ā As exchanges adapt to regulatory challenges, BNB's utility continues to grow.
ā Solana ($SOL ) ā With its focus on scalability, SOL remains a promising asset amid industry shifts.
#FTX #SamBankmanFried #CryptoLegalNews #Ethereum #BinanceCoin
šØ What if FTX never filed for bankruptcy?
š Sam Bankman-Fried claims they could have had $93 billion in assets today and avoided the collapse.
ā¬ļø Would it have changed the outcome for investors?
#FTX #SamBankmanFried #Crypto #Bankruptcy
š Sam Bankman-Fried claims they could have had $93 billion in assets today and avoided the collapse.
ā¬ļø Would it have changed the outcome for investors?
#FTX #SamBankmanFried #Crypto #Bankruptcy
šāļø SBF SENTENCED TO 25 YEARS IN PRISON! āļøš
The verdict is in: Sam Bankman-Fried, the once-renowned figure in the crypto world, is facing a quarter-century behind bars. While it won't be in a high-security facility, the sentence marks a significant turn in his story.
After being convicted on a slew of fraud charges linked to the collapse of FTX and Alameda Research, Bankman-Fried's fate was sealed with a 25-year sentence. Though shorter than the prosecution's recommendation of 40-50 years, it's far from the 5-6.5 years his defense hoped for.
Judge Lewis Kaplan delivered a scathing assessment, rejecting claims that no one was hurt in the collapse and dismissing character testimonials portraying Bankman-Fried as a gentle soul. Perjury during the trial further tarnished his image, with Kaplan emphasizing the seriousness of the offenses.
Despite arguments for leniency due to Bankman-Fried's autism diagnosis and his family's pleas, Kaplan emphasized the need for deterrence, given the risk of repeat offenses. The prospect of Bankman-Fried using his marketing prowess to reshape public opinion looms large, driving home the gravity of the sentence.
While Bankman-Fried's legal team plans an appeal within 14 days, the sentencing concludes this chapter in the courtroom saga. Yet, civil cases from the SEC and CFTC linger, ensuring continued scrutiny of his actions.
As Bankman-Fried contemplates his future, the crypto community reflects on the repercussions of his downfall. With this trial now behind us, the industry braces for the next chapter, uncertain of what lies ahead.
#SBFSentencing #CryptoTrial #ftx #sbf #sambankmanfried
The verdict is in: Sam Bankman-Fried, the once-renowned figure in the crypto world, is facing a quarter-century behind bars. While it won't be in a high-security facility, the sentence marks a significant turn in his story.
After being convicted on a slew of fraud charges linked to the collapse of FTX and Alameda Research, Bankman-Fried's fate was sealed with a 25-year sentence. Though shorter than the prosecution's recommendation of 40-50 years, it's far from the 5-6.5 years his defense hoped for.
Judge Lewis Kaplan delivered a scathing assessment, rejecting claims that no one was hurt in the collapse and dismissing character testimonials portraying Bankman-Fried as a gentle soul. Perjury during the trial further tarnished his image, with Kaplan emphasizing the seriousness of the offenses.
Despite arguments for leniency due to Bankman-Fried's autism diagnosis and his family's pleas, Kaplan emphasized the need for deterrence, given the risk of repeat offenses. The prospect of Bankman-Fried using his marketing prowess to reshape public opinion looms large, driving home the gravity of the sentence.
While Bankman-Fried's legal team plans an appeal within 14 days, the sentencing concludes this chapter in the courtroom saga. Yet, civil cases from the SEC and CFTC linger, ensuring continued scrutiny of his actions.
As Bankman-Fried contemplates his future, the crypto community reflects on the repercussions of his downfall. With this trial now behind us, the industry braces for the next chapter, uncertain of what lies ahead.
#SBFSentencing #CryptoTrial #ftx #sbf #sambankmanfried
See original
'I don't feel like I'm a criminal,'
the convicted criminal said
#SamBankmanFried from prison.
#FTT #FTX
the convicted criminal said
#SamBankmanFried from prison.
#FTT #FTX
šØ BREAKING: Sam Bankman-Fried has been moved to a federal transit facility in Oklahoma City after allegedly conducting an unauthorized jailhouse interview with Tucker Carlson. šļøš
š„ In a bold claim, SBF insists his sentencing was a mistake, arguing that FTX could have held $100B in assets š° against $15B in liabilitiesāif only it hadnāt collapsed. š³šø
What do you think? Genius gone wrong or desperate damage control? š¤š
#FTX #CryptoScandal #SamBankmanFried #Bitcoin #CryptoNews
$BTC
$ETH
$XRP
š„ In a bold claim, SBF insists his sentencing was a mistake, arguing that FTX could have held $100B in assets š° against $15B in liabilitiesāif only it hadnāt collapsed. š³šø
What do you think? Genius gone wrong or desperate damage control? š¤š
#FTX #CryptoScandal #SamBankmanFried #Bitcoin #CryptoNews
$BTC
$ETH
$XRP
See original
Founder of cryptocurrency trading platform FTX transferred to California's notorious Victorville prison:
#SambankmanFried
According to updated information from the Federal Bureau of Prisons, Sam Bankman-Fried, the former CEO of the suspended cryptocurrency exchange FTX, has been transferred to a federal prison in Victorville, California.This step represents the first chapter in Bankman-Fried's journey to serve his 25-year prison sentence for orchestrating one of the most serious financial frauds in US history.
According to updated information from the Federal Bureau of Prisons, Sam Bankman-Fried, the former CEO of the suspended cryptocurrency exchange FTX, has been transferred to a federal prison in Victorville, California.This step represents the first chapter in Bankman-Fried's journey to serve his 25-year prison sentence for orchestrating one of the most serious financial frauds in US history.
šØ FTX Token PUMPS 30% - SBF Posts for the First Time in 2 Years
For the first time since his conviction, Sam Bankman-Fried broke his silence on X, and FTX Token (FTT) instantly surged 30% before cooling off. SBFās post wasnāt even about FTX - he joked about not checking his emails for "a few hundred days" and oddly weighed in on Elon Muskās government efficiency campaign. Yet, traders went wild, pushing FTT from $1.63 to over $2 in minutes before it dropped back to $1.75.
This reaction highlights a pattern - even dead projects pump on nostalgia and speculation. FTT is still down 97% from its $85 ATH, and SBF is still serving 25 years behind bars for one of cryptoās biggest scandals.
Have you ever traded such sudden pumps? Drop your experience below! #FTX #FTT #SamBankmanFried #Altcoins
For the first time since his conviction, Sam Bankman-Fried broke his silence on X, and FTX Token (FTT) instantly surged 30% before cooling off. SBFās post wasnāt even about FTX - he joked about not checking his emails for "a few hundred days" and oddly weighed in on Elon Muskās government efficiency campaign. Yet, traders went wild, pushing FTT from $1.63 to over $2 in minutes before it dropped back to $1.75.
This reaction highlights a pattern - even dead projects pump on nostalgia and speculation. FTT is still down 97% from its $85 ATH, and SBF is still serving 25 years behind bars for one of cryptoās biggest scandals.
Have you ever traded such sudden pumps? Drop your experience below! #FTX #FTT #SamBankmanFried #Altcoins
"Elon Musk Sparks Debate: Will Biden Pardon Sam Bankman-Fried? Crypto Markets on Edge"
$BTC Predicting with 100% certainty in the volatile and complex world of crypto and politics is impossible. However, based on the information provided, hereās a guide for traders navigating the situation:
What to Do Next:
Monitor News Closely: The situation is highly fluid and can change quickly. Traders should stay updated on news regarding the pardon, legal proceedings for Sam Bankman-Fried (SBF), and any related political developments, $ETH particularly President Bidenās stance. This could cause sharp market reactions.Watch Bitcoin (BTC): The impact of Musk's statement on the broader crypto market, particularly Bitcoin, can be significant. If there are significant legal developments surrounding SBF or a presidential pardon, Bitcoinās price may react due to its ties to the broader crypto ecosystem. Traders should monitor any immediate price changes, especially if Bitcoin sees a spike or drop.Consider Volatility: The conversation around SBF's potential pardon is fueling speculative debates, which can lead to heightened volatility in the market. Traders should be cautious and use stop-loss orders to manage risk effectively.Short-Term vs Long-Term Approach: For short-term traders, be prepared for possible sudden price movements, either upward or downward, depending on news. Long-term investors, on the other hand, should focus on the broader fundamentals of the crypto market, especially in light of any potential legal and regulatory developments.$XRP Sentiment Analysis: Given that betting markets suggest a modest chance (5-10%) of a pardon, traders should gauge sentiment in the communityāwhether positive or negativeātoward such a decision. If the community grows more bullish on the possibility of SBF being pardoned, it might create short-term buying opportunities.Diversify: Given the uncertainty, diversification could be a wise strategy for crypto traders. Avoid putting all funds into one asset like Bitcoin, and consider other stablecoins or crypto projects that might be less influenced by political news.
Pure Prediction:
Short-Term: Expect increased volatility and sentiment-driven price swings in crypto, particularly Bitcoin, as news about SBF and potential pardon developments unfolds. Speculation may cause quick upward movements if markets anticipate a positive outcome for SBF or if Musk's comments gain more traction.Long-Term: Long-term predictions should be cautious. The situation is likely to fuel ongoing debates around justice and crypto regulations. Political influence on financial markets could cause uncertainty, but itās difficult to predict lasting effects without more concrete developments.
Key Watch Factors:
Bidenās response or any actions that suggest the possibility of a pardon.Crypto marketās reaction to any major news regarding SBF.Sentiment shifts and trader reactions based on potential political favoritism.
Bottom line: Traders need to remain flexible, keep an eye on breaking news, and use risk management strategies to navigate the high-stakes environment.
#ElonMusk #BidenPardon #SamBankmanFried #CryptoNews #BTC #CryptoMarkets #FTX #PoliticalInfluence #CryptoDebate #MarketVolatility #CryptoInvesting #BTCPrice
What to Do Next:
Monitor News Closely: The situation is highly fluid and can change quickly. Traders should stay updated on news regarding the pardon, legal proceedings for Sam Bankman-Fried (SBF), and any related political developments, $ETH particularly President Bidenās stance. This could cause sharp market reactions.Watch Bitcoin (BTC): The impact of Musk's statement on the broader crypto market, particularly Bitcoin, can be significant. If there are significant legal developments surrounding SBF or a presidential pardon, Bitcoinās price may react due to its ties to the broader crypto ecosystem. Traders should monitor any immediate price changes, especially if Bitcoin sees a spike or drop.Consider Volatility: The conversation around SBF's potential pardon is fueling speculative debates, which can lead to heightened volatility in the market. Traders should be cautious and use stop-loss orders to manage risk effectively.Short-Term vs Long-Term Approach: For short-term traders, be prepared for possible sudden price movements, either upward or downward, depending on news. Long-term investors, on the other hand, should focus on the broader fundamentals of the crypto market, especially in light of any potential legal and regulatory developments.$XRP Sentiment Analysis: Given that betting markets suggest a modest chance (5-10%) of a pardon, traders should gauge sentiment in the communityāwhether positive or negativeātoward such a decision. If the community grows more bullish on the possibility of SBF being pardoned, it might create short-term buying opportunities.Diversify: Given the uncertainty, diversification could be a wise strategy for crypto traders. Avoid putting all funds into one asset like Bitcoin, and consider other stablecoins or crypto projects that might be less influenced by political news.
Pure Prediction:
Short-Term: Expect increased volatility and sentiment-driven price swings in crypto, particularly Bitcoin, as news about SBF and potential pardon developments unfolds. Speculation may cause quick upward movements if markets anticipate a positive outcome for SBF or if Musk's comments gain more traction.Long-Term: Long-term predictions should be cautious. The situation is likely to fuel ongoing debates around justice and crypto regulations. Political influence on financial markets could cause uncertainty, but itās difficult to predict lasting effects without more concrete developments.
Key Watch Factors:
Bidenās response or any actions that suggest the possibility of a pardon.Crypto marketās reaction to any major news regarding SBF.Sentiment shifts and trader reactions based on potential political favoritism.
Bottom line: Traders need to remain flexible, keep an eye on breaking news, and use risk management strategies to navigate the high-stakes environment.
#ElonMusk #BidenPardon #SamBankmanFried #CryptoNews #BTC #CryptoMarkets #FTX #PoliticalInfluence #CryptoDebate #MarketVolatility #CryptoInvesting #BTCPrice
#SBF1stTweetIn2Yrs š° Sam Bankman-Fried Breaks Two-Year Silence on X (formerly Twitter)
Sam Bankman-Fried, the former CEO of the now-defunct cryptocurrency exchange FTX, has posted on X for the first time in two years. Currently serving a 25-year prison sentence at the Metropolitan Detention Center in Brooklyn for fraud and conspiracy charges, Bankman-Fried's account released a series of tweets discussing employee terminations and corporate management challenges. He expressed empathy for government employees facing layoffs, drawing parallels to his own situation. The unexpected activity from his account led to a brief surge in FTT, the token associated with FTX, which spiked from approximately $1.55 to $2.07 before settling around $1.78. It's unclear how Bankman-Fried, without direct internet access, managed to post these tweets, leading to speculation about third-party involvement.
#SBF1stTweetIn2Yrs #SamBankmanFried #FTX #FTT #CryptoNews
Sam Bankman-Fried, the former CEO of the now-defunct cryptocurrency exchange FTX, has posted on X for the first time in two years. Currently serving a 25-year prison sentence at the Metropolitan Detention Center in Brooklyn for fraud and conspiracy charges, Bankman-Fried's account released a series of tweets discussing employee terminations and corporate management challenges. He expressed empathy for government employees facing layoffs, drawing parallels to his own situation. The unexpected activity from his account led to a brief surge in FTT, the token associated with FTX, which spiked from approximately $1.55 to $2.07 before settling around $1.78. It's unclear how Bankman-Fried, without direct internet access, managed to post these tweets, leading to speculation about third-party involvement.
#SBF1stTweetIn2Yrs #SamBankmanFried #FTX #FTT #CryptoNews
šØ FTX Founder Breaks Silence After 2 YearsāFTT Surges 30% Before Dropping
Sam Bankman-Fried, disgraced FTX founder, has posted on X for the first time since January 2023ājust as Bitcoin faces renewed volatility.
š¹ FTT Price Spikes & Crashes
Following SBFās unexpected post, FTT surged from $1.60 to $2.07 (+29%).A quick sell-off pulled it back to $1.77, wiping out most gains.
š What Did SBF Say?
His post wasnāt even about cryptoāhe commented on government layoffs under Trump and Elon Muskās DOGE department.SBF argued that failures in management, not employees, are to blame for job losses.
āļø Still Facing 25 Years in Prison
Convicted for misusing billions in investor funds, SBF is serving one of the biggest financial fraud sentences in U.S. history.Hoping for a pardon, he looks to Trump, who recently freed Silk Road founder Ross Ulbricht.
š¬ Does SBF deserve a second chance, or is he just seeking attention?
š„ Like & Follow for major crypto market updates! š
#FTX #SambankmanFried #CryptoNewss #bitcoin #ftt
Sam Bankman-Fried, disgraced FTX founder, has posted on X for the first time since January 2023ājust as Bitcoin faces renewed volatility.
š¹ FTT Price Spikes & Crashes
Following SBFās unexpected post, FTT surged from $1.60 to $2.07 (+29%).A quick sell-off pulled it back to $1.77, wiping out most gains.
š What Did SBF Say?
His post wasnāt even about cryptoāhe commented on government layoffs under Trump and Elon Muskās DOGE department.SBF argued that failures in management, not employees, are to blame for job losses.
āļø Still Facing 25 Years in Prison
Convicted for misusing billions in investor funds, SBF is serving one of the biggest financial fraud sentences in U.S. history.Hoping for a pardon, he looks to Trump, who recently freed Silk Road founder Ross Ulbricht.
š¬ Does SBF deserve a second chance, or is he just seeking attention?
š„ Like & Follow for major crypto market updates! š
#FTX #SambankmanFried #CryptoNewss #bitcoin #ftt
š±šØAppeared while Bitcoin was falling: First post after 2 years from FTX founder
Former #FTX CEO #SambankmanFried -Fried, who made his first social media post since January 2023, criticized the mass layoffs in a post he made in the US. Following the post, the exchange's token FTT gained 29 percent in value.
Sam Bankman-Fried, the co-founder and former CEO of the collapsed cryptocurrency exchange FTX, made his first post on the social media platform X since January 2023. Following Bankman-Fried's post about the mass layoffs he made in the US, the exchange's token FTT's price briefly gained nearly 30 percent in value.
Following Bankman-Fried's post on Monday, the FTT token's value increased by 29 percent from $1.60 to $2.07. Following the sales that followed the rise, the price of the token line quickly fell to 1.77 days.
In her post, Bankman-Fried also touched on the mass layoffs made by US President Donald Trump and Department of Government Efficiency (DOGE) Chairman Elon Musk, emphasizing that the reduction management did not care about the growth of its employees but did not care about the competence of these employees and said, "It is not the fault of the employees that they cannot do their jobs properly due to internal policies. However, keeping them on the staff in a job offer that they will do does not benefit humanity either." He said.
Bankman-Fried, who was tried for spending billions of investor funds after FTX's assets, was sentenced to 25 years in prison in the case referred to as "one of the largest known financial frauds in the United States." Bankman-Fried, 32, expects Trump, who recently pardoned Silk Road founder Ross Ulbricht, to make a move for him as well.
Bankman-Fried, who did not object to the case against him, argues that the trial is due to the Biden administration's "use of increased prosecutorial power." In an interview with the New York Sun, Bankman-Fried, who stated that the previous administration's dream had come true, was identified as one of the biggest donors to Biden in the 2020 elections.
#SBF1stTweetIn2Yrs
Former #FTX CEO #SambankmanFried -Fried, who made his first social media post since January 2023, criticized the mass layoffs in a post he made in the US. Following the post, the exchange's token FTT gained 29 percent in value.
Sam Bankman-Fried, the co-founder and former CEO of the collapsed cryptocurrency exchange FTX, made his first post on the social media platform X since January 2023. Following Bankman-Fried's post about the mass layoffs he made in the US, the exchange's token FTT's price briefly gained nearly 30 percent in value.
Following Bankman-Fried's post on Monday, the FTT token's value increased by 29 percent from $1.60 to $2.07. Following the sales that followed the rise, the price of the token line quickly fell to 1.77 days.
In her post, Bankman-Fried also touched on the mass layoffs made by US President Donald Trump and Department of Government Efficiency (DOGE) Chairman Elon Musk, emphasizing that the reduction management did not care about the growth of its employees but did not care about the competence of these employees and said, "It is not the fault of the employees that they cannot do their jobs properly due to internal policies. However, keeping them on the staff in a job offer that they will do does not benefit humanity either." He said.
Bankman-Fried, who was tried for spending billions of investor funds after FTX's assets, was sentenced to 25 years in prison in the case referred to as "one of the largest known financial frauds in the United States." Bankman-Fried, 32, expects Trump, who recently pardoned Silk Road founder Ross Ulbricht, to make a move for him as well.
Bankman-Fried, who did not object to the case against him, argues that the trial is due to the Biden administration's "use of increased prosecutorial power." In an interview with the New York Sun, Bankman-Fried, who stated that the previous administration's dream had come true, was identified as one of the biggest donors to Biden in the 2020 elections.
#SBF1stTweetIn2Yrs
Sam Bankman-Friedās Parents Seek Presidential Pardon from Donald Trump
The parents of Sam Bankman-Fried (SBF), the former CEO of FTX who is currently serving a 25-year prison sentence for fraud, are exploring ways to secure a presidential pardon from Donald Trump.
According to Bloomberg, Joseph Bankman and Barbara Fried, both Stanford Law School professors, have recently consulted with lawyers and individuals connected to Trumpās inner circle to explore possible legal avenues for their son's clemency.
Direct Contact with Trump Remains Unclear
It is uncertain whether Bankman-Friedās parents have directly reached out to Trump or his campaign.
š¹ Both parents declined to comment on the matter.
š¹ SBFās legal team has yet to respond to inquiries regarding the pardon efforts.
This renewed interest in presidential clemency follows Trumpās recent decision to pardon Ross Ulbricht, the founder of Silk Road. The move has fueled hopes among white-collar criminals that they too could secure a similar reprieve.
Following these reports, Bankman-Friedās chances of receiving a pardon increased to 8% on the Kalshi prediction platform.
Bankman-Fried Seeks Trumpās Pardon
Typically, requests for presidential pardons go through the Department of Justice, but Trump has historically considered informal appeals.
š¹ A growing number of individuals convicted of financial crimes are now exploring ways to leverage political connections to secure leniency.
š¹ Former FTX executive Ryan Salame, who is currently serving a seven-year sentence, has also reportedly expressed interest in seeking a pardon, according to Bloomberg.
Trumpās Shift Toward Crypto Support
While Trump once criticized cryptocurrencies, he has recently changed his stance, gaining support from digital asset advocates.
His newfound pro-crypto position has helped him attract allies pushing for reduced regulatory oversight.
Trump has also shown a willingness to support individuals who claim to be victims of politically motivated prosecutions.
For example, New York City Mayor Eric Adams has argued that his bribery case was politically driven, an argument that has resonated with Trumpās broader legal approach.
Could Trumpās Crypto Support Lead to a Pardon for SBF?
The case of Sam Bankman-Fried remains one of the most high-profile financial scandals in crypto history. The question is whether Trump would be willing to pardon someone convicted of orchestrating a multi-billion-dollar fraud or if he will continue to court the crypto community through other means.
A decision on clemency could have significant implications not just for SBF but also for the future of crypto regulation in the U.S. š
#DonaldTrump , #SambankmanFried , #FTX , #CryptoNewss , #cryptocurrencies
Stay one step ahead ā 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.ā
According to Bloomberg, Joseph Bankman and Barbara Fried, both Stanford Law School professors, have recently consulted with lawyers and individuals connected to Trumpās inner circle to explore possible legal avenues for their son's clemency.
Direct Contact with Trump Remains Unclear
It is uncertain whether Bankman-Friedās parents have directly reached out to Trump or his campaign.
š¹ Both parents declined to comment on the matter.
š¹ SBFās legal team has yet to respond to inquiries regarding the pardon efforts.
This renewed interest in presidential clemency follows Trumpās recent decision to pardon Ross Ulbricht, the founder of Silk Road. The move has fueled hopes among white-collar criminals that they too could secure a similar reprieve.
Following these reports, Bankman-Friedās chances of receiving a pardon increased to 8% on the Kalshi prediction platform.
Bankman-Fried Seeks Trumpās Pardon
Typically, requests for presidential pardons go through the Department of Justice, but Trump has historically considered informal appeals.
š¹ A growing number of individuals convicted of financial crimes are now exploring ways to leverage political connections to secure leniency.
š¹ Former FTX executive Ryan Salame, who is currently serving a seven-year sentence, has also reportedly expressed interest in seeking a pardon, according to Bloomberg.
Trumpās Shift Toward Crypto Support
While Trump once criticized cryptocurrencies, he has recently changed his stance, gaining support from digital asset advocates.
His newfound pro-crypto position has helped him attract allies pushing for reduced regulatory oversight.
Trump has also shown a willingness to support individuals who claim to be victims of politically motivated prosecutions.
For example, New York City Mayor Eric Adams has argued that his bribery case was politically driven, an argument that has resonated with Trumpās broader legal approach.
Could Trumpās Crypto Support Lead to a Pardon for SBF?
The case of Sam Bankman-Fried remains one of the most high-profile financial scandals in crypto history. The question is whether Trump would be willing to pardon someone convicted of orchestrating a multi-billion-dollar fraud or if he will continue to court the crypto community through other means.
A decision on clemency could have significant implications not just for SBF but also for the future of crypto regulation in the U.S. š
#DonaldTrump , #SambankmanFried , #FTX , #CryptoNewss , #cryptocurrencies
Stay one step ahead ā 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.ā
š° SAM BANKMAN FRIED VS. 50-YEAR PRISON SENTENCE
āļø Lawyers representing former FTX CEO Sam āSBFā Bankman-Fried argue against the proposed maximum sentence of 50 years in prison, calling it medieval and unjust.
š They claim the proposed sentence distorts reality and portrays Bankman-Fried as a ādepraved super-villain,ā advocating instead for a reduced sentence of five to six years in prison.
The prosecutors filed additional documents alongside a sentencing memorandum, suggesting a 40-to-50-year sentence for Bankman-Fried, who was convicted on fraud and money laundering charges in November 2023.
The defense team argues against the proposed sentence, stating that there were no actual losses as bankruptcy proceedings would make all customers and lenders whole.
They also dispute the portrayal of Bankman-Fried as greedy, highlighting his philanthropic efforts and modest lifestyle.
Additionally, they challenge claims of high risk of re-offending, citing low recidivism rates for white-collar, educated offenders without prior records.
Bankman-Friedās lawyers accuse the prosecution of making unsupported claims and propose a reduced sentence of approximately five to six and a half years, emphasizing the loss Bankman-Fried has already endured.
The jury trial concluded Bankman-Fried guilty of all seven charges brought against him by the U.S. government, nearly a year after the collapse of FTX.
what do you think about this story? Are 50 years deserved?
Drop a comment below š
- Matthias Mende
Founder of Bonuz
#ftx #SBF. #sambankmanfried #scam #moneylaundering
āļø Lawyers representing former FTX CEO Sam āSBFā Bankman-Fried argue against the proposed maximum sentence of 50 years in prison, calling it medieval and unjust.
š They claim the proposed sentence distorts reality and portrays Bankman-Fried as a ādepraved super-villain,ā advocating instead for a reduced sentence of five to six years in prison.
The prosecutors filed additional documents alongside a sentencing memorandum, suggesting a 40-to-50-year sentence for Bankman-Fried, who was convicted on fraud and money laundering charges in November 2023.
The defense team argues against the proposed sentence, stating that there were no actual losses as bankruptcy proceedings would make all customers and lenders whole.
They also dispute the portrayal of Bankman-Fried as greedy, highlighting his philanthropic efforts and modest lifestyle.
Additionally, they challenge claims of high risk of re-offending, citing low recidivism rates for white-collar, educated offenders without prior records.
Bankman-Friedās lawyers accuse the prosecution of making unsupported claims and propose a reduced sentence of approximately five to six and a half years, emphasizing the loss Bankman-Fried has already endured.
The jury trial concluded Bankman-Fried guilty of all seven charges brought against him by the U.S. government, nearly a year after the collapse of FTX.
what do you think about this story? Are 50 years deserved?
Drop a comment below š
- Matthias Mende
Founder of Bonuz
#ftx #SBF. #sambankmanfried #scam #moneylaundering
The judgment has been rendered: Sam Bankman-Fried, once a prominent figure in the cryptocurrency realm, has been sentenced to 25 years in prison. While the incarceration won't occur in a maximum-security prison, this marks a significant twist in his narrative. Found guilty on multiple fraud charges related to the collapse of FTX and Alameda Research, Bankman-Fried's future was decided with a quarter-century term. Although shorter than the 40-50 years recommended by the prosecution, it greatly exceeds the 5-6.5 years sought by his defense team. Judge Lewis Kaplan delivered a scathing assessment, rejecting assertions that the collapse caused no harm and dismissing character endorsements portraying Bankman-Fried as benign. His credibility suffered further from perjury during the trial, a point Kaplan stressed. Despite pleas for leniency based on Bankman-Fried's autism diagnosis and family appeals, Kaplan stressed the necessity of deterrence against potential future misconduct. Concerns over Bankman-Fried's ability to manipulate public opinion through his marketing skills underscore the gravity of the sentence. While Bankman-Fried's legal team plans an appeal within 14 days, this sentencing marks the end of a chapter in the courtroom saga, though civil cases from the SEC and CFTC remain, ensuring ongoing scrutiny of his actions. As Bankman-Fried ponders his future, the crypto community contemplates the ramifications of his downfall. With this trial concluded, the industry braces for what lies ahead, uncertain of what the future holds. #SBFSentencing #CryptoTrial #ftx #sbf #sambankmanfried
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āļø Reduction of terms for ex-FTX managers: the intrigue continues!
There is big news in the crypto world again: former top managers of the scandalous FTX have received reductions in prison terms. š
Ryan Salameh, the former head of the Bahamas office, will spend a year less behind bars - until March 2031.
Caroline Ellison, the head of Alameda Research, will be released three months earlier, in July 2026.
š Why such "indulgences"? There are no official comments, but there are rumors that this is due to their cooperation with the investigation. Apparently, the testimony against Sam Bankman-Fried turned out to be significant. ā”
This case once again reminds us how high the stars of the crypto industry fly and then fall sharply. ššš„ What do you think, did they deserve such a reduction or not?
š¬ Share your opinions in the comments!
#FTX #CryptoNews #SamBankmanFried #CarolineEllison #RyanSalame
There is big news in the crypto world again: former top managers of the scandalous FTX have received reductions in prison terms. š
Ryan Salameh, the former head of the Bahamas office, will spend a year less behind bars - until March 2031.
Caroline Ellison, the head of Alameda Research, will be released three months earlier, in July 2026.
š Why such "indulgences"? There are no official comments, but there are rumors that this is due to their cooperation with the investigation. Apparently, the testimony against Sam Bankman-Fried turned out to be significant. ā”
This case once again reminds us how high the stars of the crypto industry fly and then fall sharply. ššš„ What do you think, did they deserve such a reduction or not?
š¬ Share your opinions in the comments!
#FTX #CryptoNews #SamBankmanFried #CarolineEllison #RyanSalame
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