Large holders of Bitcoin are selling off significant amounts on exchanges as liquidations reflect the 2022 FTX market crash.
Bitcoin Price Experiences Significant Drop Over the last day, Bitcoin has seen a notable drop, with its value sinking to approximately $60,000, mirroring the rapid decline experienced during the 2022 FTX collapse. Currently, Bitcoin has somewhat recovered, climbing back to around $69,800, based on information from various sources. Meanwhile, on-chain reference data showcases a significant […]
Trump Does Not Plan to Pardon FTX Founder Sam Bankman-Fried
Simply put President Trump rules out a pardon for disgraced FTX founder Sam Bankman Fried. Mr. Bankman Fried was convicted of fraud and conspiracy related to the misappropriation of billions in customer funds and sentenced to 25 years in prison. This decision contrasts sharply with Trump’s past leniency toward other figures in the crypto world, […]
Tom Brady, Steph Curry, Naomi Osaka, and other FTX celebrity endorsers have many of the claims against them dropped.
The fluctuations of the FTX cryptocurrency exchange significantly affected the sports industry, leading to ongoing legal disputes involving various high-profile figures. Recently, a judge ruled in favor of several celebrity promoters, including Tom Brady and Steph Curry, clearing them of most allegations made against them. Steph Curry, Tom Brady and other celebrities have been ruled […]
Court dismisses most allegations against Tom Brady, Stephen Curry, and Shohei Ohtani in FTX case.
A federal judge has chosen to narrow, rather than dismiss completely, lawsuits against celebrities like Tom Brady, Stephen Curry, and Shohei Ohtani, who are accused of promoting the fallen cryptocurrency exchange FTX. Investors claim these celebrities ignored clear warning signs and lured them into becoming customers as part of a conspiracy involving FTX. They allege […]
Bitcoin News: What Next for Bitcoin After BTC Suffers Biggest 3-Day Price Since FTX Debacle – CoinDesk
Long-range play for Bitcoin (BTC) ended badly this week with plays above $90K range. According to TradingView data, the 12.6% drop observed over the first three days of the week (per UTC hours) represents the biggest drop since the FTX bankruptcy in November 2022. The sale coincides with Koindsk's analysis earlier this month, with investors […]
Sam Bankman-Fried posts for the first time in 2 years, FTX Token pumps – Cointelegraph
The FTX Token (FTT), the native token of Crypto Exchange FTX, spiked 30% for a short time, as former FTX CEO Sam Bankman-Fry was featured on X for the first time in two years. In his first post since he was sentenced 25 years later over the collapse of FTX, Bankmanfried said on February 25th. […]
Prosecutor who helped but FTX fraudster Bankman-Fried in jail named interim Manhattan US Attorney
The veteran prosecutor who helped convict crypto fraudster Sam Bankman Freed has been named acting Manhattan federal prosecutor, taking over Mayor Eric Adams' corruption case and other high-profile investigations. Daniel Sassoon, who earlier in his career served as law clerk to conservative U.S. Supreme Court Justice Antonin Scalia, was appointed to the powerful position Monday […]
FTX didn’t know Backpack bought its EU arm – Blockworks
This is part of the Lightspeed newsletter. To read the full version, go to Subscribe. On Tuesday, we reported that Backpack acquired FTX EU in a $32.7 million deal. The next day, FTX statement Revealed the announcement of the backpack. Then in the press release ownBackpack revealed FTX clarification. This is probably how companies fight. […]
Solana Hits All-Time High Price Two Years After FTX Nearly Sent It to Zero – Decrypt
After three long years, Solana (SOL) has finally broken its all-time high record, setting a new milestone of over $260 on Thursday. Solana surpassed a record high of $260 early Thursday afternoon, according to Coinbase data, adding to the asset's recent strength following crypto candidate Donald Trump's victory in the US presidential election earlier this […]
SBF’s ex-deputy Gary Wang avoids prison over FTX fraud
Former crypto executive Gary Wang, who wrote the computer code that helped FTX founder Sam Bankman Fried steal about $8 billion from the bankrupt exchange's customers, was sentenced to prison by a judge on Wednesday. I was spared. U.S. District Judge Lewis Kaplan announced during a hearing in federal court in Manhattan that he would […]