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 […]
Former FTX executive Gary Wang spared prison time for role in crypto fraud
“Making Money” host Charles Payne reacts to Sam Bankman Freed's 25-year prison sentence. He was charged with helping steal billions of dollars from crypto customers and writing computer code for FTX founder and CEO Sam Bankman Fried, who is currently in prison. A former top FTX executive was spared a prison sentence Wednesday by a […]
FTX sues Binance for $1.8B, claims ex-CEO Zhao ‘set out to destroy’ firm
FTX's estate is seeking to recover approximately $1.8 billion related to “fraudulent” trades allegedly orchestrated by Sam Bankman Freed against rival company Binance and its former CEO Chao Changpeng. filed a lawsuit. The filing was filed Sunday in Delaware Bankruptcy Court. lawsuit It focuses on the 2021 stock buyback agreement between Bankman Freed, who is […]
SBF’s FTX lieutenant Ryan Salame adds prison stint to LinkedIn resume
A lieutenant to FTX cryptocurrency fraudster Sam Bankman Freed made a light-hearted post on LinkedIn, teasing the difficult times ahead for him on the job. Ryan Salame, former co-CEO of FTX Digital Markets, was charged with making tens of millions of dollars in illegal campaign contributions to support Bankman Fried's political machinations. He is scheduled […]
FTX to finally repay customers after bankruptcy plan gets court approval
FTX received court approval for its bankruptcy plan on Monday. This will allow it to repay its customers in full using up to $16.5 billion in assets recovered since the collapse of the once-top cryptocurrency exchange. U.S. Bankruptcy Court Judge John Dorsey approved the downsizing plan at a court hearing in Wilmington, Delaware, saying FTX's […]