SBF

Sam Bankman-Fried (SBF) has granted his first interview since sentencing. He and his legal team plan to appeal his 25-year sentence soon. Sam Bankman-Fried (SBF), the former CEO of the defunct FTX Derivatives Exchange revealed exclusive details on life behind prison and his legal plans. He talked about issues such as the challenges of his new life, his forthcoming appeal, and his regrets about the collapse of FTX. SBF’s Exclusive Reveal In a recent exclusive interview at the Metropolitan Detention…

Sam Bankman-Fried, founder of FTX, has filed an appeal against his conviction and sentence for fraud and conspiracy charges hours before the the deadline to do so. Bankman-Fried’s move comes amidst the recent surge in FTT, FTX’s native token, which increased by 15%. Appeals and Market Reaction SBF’s legal battle began last November when he was convicted on seven counts, including defrauding FTX customers and investors in Alameda Research. Following a month-long trial, the conviction highlighted the collapse of his…

In an interview with ABC News, former FTX CEO Sam Bankman-Fried expressed remorse for his actions, which led to a 25-year prison sentence for fraud. The interview, conducted via email from the Metropolitan Detention Center in Brooklyn, marks the first time he has spoken publicly since his sentencing last week. SBF Admits ‘Bad Decisions’ Led to Bankruptcy Reflecting on his actions, SBF admitted to ABC News that FTX’s bankruptcy resulted from a series of “bad decisions” he made in 2022.…

The most resounding event in the industry this week was the sentencing of former FTX CEO and crypto golden child Sam Bankman-Fried, who has received 25 years of imprisonment. Let’s find out more.  Ethereum   Asset management firm Fidelity has submitted a proposal for a spot Ethereum ETF with staking to the SEC following the success of the first spot Bitcoin ETF.  Consensys, the parent company of self-custody wallet MetaMask, has urged the SEC to approve a spot Ethereum ETF,…

SBF meme coins have showcased the biggest volatility this week. The volatility fueled up to 35,000% gains in tokens like Sam Baseman Fraud. Meme coins associated with Sam Bankman-Fried (SBF), co-founder of the defunct FTX crypto exchange, recently experienced a rollercoaster movement upon news of his sentencing. The Unfolding Drama Surrounding SBF Meme Coins  The multiple SBF meme coins created by Degens to capitalize on the news of SBF’s 25-year prison sentence surged over 300 times before becoming worthless.  For…

In a Tuesday press release, the US Securities and Exchange Commission announced charges against disgraced FTX founder Sam Bankman-Fried. The charges come shortly after Bahamian authorities took custody of the ex-CEO of the now-defunct exchange. SBF Falsely Promoted FTX The SEC’s complaint pointed out that Bankman-Fried had pushed his exchange platform as a reliable option for crypto trading. As such, since May 2019, the Bahamas-based firm was able to raise over $1.8B from equity investors. About $1.1B of this reportedly…

Mike McAffrey – CEO of The Block – has accepted millions of dollars in undisclosed funding from disgraced FTX boss Sam Bankman-Fried. The former billionaire’s aid was split across three loans – each for $12 million, $15 million, and $16 million. The first loan, received in April 2021 through a holding company MJMCCAFFREY, was used by McAffrey to lead a buyout and restructuring of the crypto media site.  The next was accepted in January 2022 by another LLC, “Lonely Road,”…

FTX founder and CEO Sam Bankman-Fried has not lost hope in the troubled firm’s chances of resurgence. The troubled founder revealed in his reply to a recent tweet that he thinks reopening the exchange could set the platform back on track. Also today, SBF continued his well-documented spat with Binance founder Changpeng Zhao. Neuner Shares Plans to Restore FTX, Bankman Fried Agrees It began on Friday morning when CNBC crypto trader Ran Neuner shared a potential course of action for…

In a lengthy Twitter post on Tuesday, Binance CEO Changpeng Zhao called out the founder of failed crypto exchange FTX. Zhao slammed Sam Bankman-Fried in a tweet describing him as “one of the greatest fraudsters in history.” CZ Corrects Untrue Assumptions, Says Crypto is Fine CZ’s post originally aimed to address false statements the crypto billionaire claimed he had come across in recent times. The first thing Zhao spoke about was the idea that he wanted to be the savior…