Sam Bankman-Fried’s Trial May Be Over, but The Bahamas Is Living Its Own Trial
Bankman-Fried may have been convicted, but The Bahamas appears to be dealing with the stigma of rolling out a red carpet for FTX.
Bankman-Fried may have been convicted, but The Bahamas appears to be dealing with the stigma of rolling out a red carpet for FTX.
The tokens crossed $63, reaching a level previously seen in May 2022. Trading volumes spiked to over $3.5 billion, up more than 70% from average levels of $2 billion each day at the start of November.
If I had a nickel for every time someone made a fake crypto-related Delaware filing, I’d have two nickels.
The order marks Celsius’ exit from bankruptcy, filed in July last year, a process that also saw it make a $4.7 billion settlement with the U.S. over fraud allegations.
Sam Bankman-Fried’s trial ended, in the words of his defense attorney, “gradually, then suddenly.”
Lawmakers agreed to an amendment from Tom Emmer, a senior House member and vocal crypto supporter, to insert an SEC-blocking provision in their government spending plan.
The investor launched a suit last year in Seychelles against Matrixport subsidiary Smart Vega, which runs Bit.com, for confiscating $8 million, which he says is being kept because Matrixport’s Jihan Wu blames him for the collapse of CoinFLEX.
The latest price moves in crypto markets in context for Nov. 3, 2023.
Sam Bankman-Fried was found guilty by a jury of his peers on all counts.
A verdict in the SBF trial could come before the end of Thursday – on the first anniversary of the CoinDesk scoop that caused his empire to crumble.