FTX
6.4M προβολές
4,187 Δημοσιεύσεις
Δημοφιλές
Πιο πρόσφατα
Another prison sentence in the case of bankrupt crypto exchange FTX
After the prison sentence of FTX founder Sam Bankman-Fried was approved, Ryan Salame, who worked in #FTX's Bahamas unit and co-chairman of FTX Digital Markets, became the second person sentenced to prison in the case.
The judge in the FTX case, Lewis Kaplan, sentenced Salame to 7.5 years in prison and 3 years of supervised release. Prosecutors in the case were demanding a 5-year prison sentence for Salame.
Ryan Salame has been accused of illegally contributing to campaigns in the United States and engaging in unlicensed money transfer activities in recent years.
It is known that Salame, who did not speak out against Bankman-Fried, cooperated with prosecutors. The court also accused the senior executive of helping to hide deficits in FTX's balance sheet, thus contributing to the stock market crash. In addition, it was recorded that Salame withdrew approximately 5 million dollars from #FTX while the stock market was going bankrupt.
In his defense, Ryan Salame continued to insist that he had good intentions while apologizing to FTX customers and his family. However, he admitted that the method he used was completely illegal.
During the ongoing lawsuit, all eyes are now on the punishment that three other senior executives of #FTX will receive. These executives are co-founder Gary Wang, chief technical officer Nishad Singh, and Caroline Ellison, #CEO of FTX's hedge fund Alameda Research. All three executives pleaded guilty to the charges before the trial began, cooperated with prosecutors, and testified against Sam Bankman-Fried as per the agreement.
$BTC $FTT
After the prison sentence of FTX founder Sam Bankman-Fried was approved, Ryan Salame, who worked in #FTX's Bahamas unit and co-chairman of FTX Digital Markets, became the second person sentenced to prison in the case.
The judge in the FTX case, Lewis Kaplan, sentenced Salame to 7.5 years in prison and 3 years of supervised release. Prosecutors in the case were demanding a 5-year prison sentence for Salame.
Ryan Salame has been accused of illegally contributing to campaigns in the United States and engaging in unlicensed money transfer activities in recent years.
It is known that Salame, who did not speak out against Bankman-Fried, cooperated with prosecutors. The court also accused the senior executive of helping to hide deficits in FTX's balance sheet, thus contributing to the stock market crash. In addition, it was recorded that Salame withdrew approximately 5 million dollars from #FTX while the stock market was going bankrupt.
In his defense, Ryan Salame continued to insist that he had good intentions while apologizing to FTX customers and his family. However, he admitted that the method he used was completely illegal.
During the ongoing lawsuit, all eyes are now on the punishment that three other senior executives of #FTX will receive. These executives are co-founder Gary Wang, chief technical officer Nishad Singh, and Caroline Ellison, #CEO of FTX's hedge fund Alameda Research. All three executives pleaded guilty to the charges before the trial began, cooperated with prosecutors, and testified against Sam Bankman-Fried as per the agreement.
$BTC $FTT
Former FTX Executive Ryan Salame Sentenced to 90 Months in Prison Following Reimbursement Plan Rollo
Former FTX Executive Ryan Salame Sentenced to 90 Months in Prison Following Reimbursement Plan Rollout
Airdrop Is Live, Claim Instant $200 USD Worth of 200,000 DUNKI MUNKI Memecoins Free On WWW.DUNKIMUNKI.XYZ
Not long ago, cryptocurrency exchange FTX has decided to move forward with a plan that could fully reimburse some of its creditors for their losses.
However, the reimbursements will be in cash, excluding any gains from the surge in digital asset prices since the exchange’s collapse in November 2022.
FTX detailed the proposed bankruptcy plan in a recent news release, outlining a path to provide relief to 98% of its creditors, including individual investors who had $50,000 or less with the company.
If the plan is approved by both the court and creditors, these individuals can expect to receive the full amount of their lost funds within 60 days of the plan’s implementation
Airdrop Is Live, Claim Instant $200 USD Worth of 200,000 DUNKI MUNKI Memecoins Free On WWW.DUNKIMUNKI.XYZ
#FTX #Memecoin #Trump #EthereumETF #Bitcoin $FTT $BTC $ETH
Airdrop Is Live, Claim Instant $200 USD Worth of 200,000 DUNKI MUNKI Memecoins Free On WWW.DUNKIMUNKI.XYZ
Not long ago, cryptocurrency exchange FTX has decided to move forward with a plan that could fully reimburse some of its creditors for their losses.
However, the reimbursements will be in cash, excluding any gains from the surge in digital asset prices since the exchange’s collapse in November 2022.
FTX detailed the proposed bankruptcy plan in a recent news release, outlining a path to provide relief to 98% of its creditors, including individual investors who had $50,000 or less with the company.
If the plan is approved by both the court and creditors, these individuals can expect to receive the full amount of their lost funds within 60 days of the plan’s implementation
Airdrop Is Live, Claim Instant $200 USD Worth of 200,000 DUNKI MUNKI Memecoins Free On WWW.DUNKIMUNKI.XYZ
#FTX #Memecoin #Trump #EthereumETF #Bitcoin $FTT $BTC $ETH
Former FTX Executive Ryan Salame Sentenced to 90 Months in Prison Following Reimbursement Plan Rollout
Airdrop Is Live, Claim Instant $200 USD Worth of 200,000 DUNKI MUNKI Memecoins Free On WWW.DUNKIMUNKI.XYZ
Not long ago, cryptocurrency exchange FTX has decided to move forward with a plan that could fully reimburse some of its creditors for their losses.
However, the reimbursements will be in cash, excluding any gains from the surge in digital asset prices since the exchange’s collapse in November 2022.
FTX detailed the proposed bankruptcy plan in a recent news release, outlining a path to provide relief to 98% of its creditors, including individual investors who had $50,000 or less with the company.
If the plan is approved by both the court and creditors, these individuals can expect to receive the full amount of their lost funds within 60 days of the plan’s implementation
#FTX #Memecoin #Trump #EthereumETF #Bitcoin $FTT $BTC $ETH
Airdrop Is Live, Claim Instant $200 USD Worth of 200,000 DUNKI MUNKI Memecoins Free On WWW.DUNKIMUNKI.XYZ
Not long ago, cryptocurrency exchange FTX has decided to move forward with a plan that could fully reimburse some of its creditors for their losses.
However, the reimbursements will be in cash, excluding any gains from the surge in digital asset prices since the exchange’s collapse in November 2022.
FTX detailed the proposed bankruptcy plan in a recent news release, outlining a path to provide relief to 98% of its creditors, including individual investors who had $50,000 or less with the company.
If the plan is approved by both the court and creditors, these individuals can expect to receive the full amount of their lost funds within 60 days of the plan’s implementation
#FTX #Memecoin #Trump #EthereumETF #Bitcoin $FTT $BTC $ETH
A (Hopefully) Fun Look Back! 😅👀
Hey crypto fam! We're celebrating a milestone today – 3000 of you amazing people are following us on this wild crypto ride! To thank you for being part of the journey, we wanted to take a trip down memory lane and share some of our (hopefully) entertaining experiences in the crypto space.
We've been in this crazy market since early 2021. Now, for some crypto OG's that might seem like yesterday, but trust us, it's been long enough to see some wild rides. 🚀
Remember back in the day when everyone and their taxi driver was talking crypto? We do! That's when $SOL was just $20 a pop, then skyrocketed to over $200! Talk about hype! Don't get us wrong, anyone can invest, but just picture how crazy things were back then. 🤯
Then came the Metaverse and P2E craze. Remember those? $SAND , MANA, and $GALA were all the rage, with big players throwing billions at them. But just like a fad diet, the hype faded (looking at you Metaverse, where'd you go?). Most P2E tokens are still struggling to recapture their glory days. We even got burned by a super popular P2E project when China banned it, sending the price and demand for in-game items plummeting. Classic FOMO fail we'll never forget. 😫
And who could forget the LUNA and #FTX meltdowns? We remember watching CZ try to save the day, but it was like trying to hold back a tsunami. Everything went down, and the sound of crypto tears was deafening. Our portfolio took a 70% nosedive, ouch! Thankfully, most of it recovered thanks to strong fundamentals, but it took a long time. 🥶
Here's the point: Crypto is a wild rollercoaster. Some strike it rich, but plenty get burned chasing get-rich-quick schemes. Don't panic! We're just here to remind you to be mindful, avoid FOMO, stay grounded, and know when to cut your losses (it's okay to say "enough"!).
Remember, crypto is a marathon, not a sprint. Buckle up, have fun, and invest responsibly! DYOR! #altcoins #BTC #ETHETFS
Here's to many more crypto adventures with all of you! Thanks for 3000 Followers, Love. - Silentrocket 🙏😉<3
Hey crypto fam! We're celebrating a milestone today – 3000 of you amazing people are following us on this wild crypto ride! To thank you for being part of the journey, we wanted to take a trip down memory lane and share some of our (hopefully) entertaining experiences in the crypto space.
We've been in this crazy market since early 2021. Now, for some crypto OG's that might seem like yesterday, but trust us, it's been long enough to see some wild rides. 🚀
Remember back in the day when everyone and their taxi driver was talking crypto? We do! That's when $SOL was just $20 a pop, then skyrocketed to over $200! Talk about hype! Don't get us wrong, anyone can invest, but just picture how crazy things were back then. 🤯
Then came the Metaverse and P2E craze. Remember those? $SAND , MANA, and $GALA were all the rage, with big players throwing billions at them. But just like a fad diet, the hype faded (looking at you Metaverse, where'd you go?). Most P2E tokens are still struggling to recapture their glory days. We even got burned by a super popular P2E project when China banned it, sending the price and demand for in-game items plummeting. Classic FOMO fail we'll never forget. 😫
And who could forget the LUNA and #FTX meltdowns? We remember watching CZ try to save the day, but it was like trying to hold back a tsunami. Everything went down, and the sound of crypto tears was deafening. Our portfolio took a 70% nosedive, ouch! Thankfully, most of it recovered thanks to strong fundamentals, but it took a long time. 🥶
Here's the point: Crypto is a wild rollercoaster. Some strike it rich, but plenty get burned chasing get-rich-quick schemes. Don't panic! We're just here to remind you to be mindful, avoid FOMO, stay grounded, and know when to cut your losses (it's okay to say "enough"!).
Remember, crypto is a marathon, not a sprint. Buckle up, have fun, and invest responsibly! DYOR! #altcoins #BTC #ETHETFS
Here's to many more crypto adventures with all of you! Thanks for 3000 Followers, Love. - Silentrocket 🙏😉<3
JUST IN
Sam Bankman-Fried, the FTX fraudster,
is being moved to a new prison, likely a medium-security facility in California, per WSJ reports.
Location currently undisclosed. #FTX
#CryptoNews
Sam Bankman-Fried, the FTX fraudster,
is being moved to a new prison, likely a medium-security facility in California, per WSJ reports.
Location currently undisclosed. #FTX
#CryptoNews
Prosecutors Seek 5-7 Years for Former FTX Exec Ryan Salame
The post "Prosecutors Seek 5-7 Years for Former FTX Exec Ryan Salame" first appeared on 36crypto.com News.
U.S. prosecutors have suggested that former FTX executive Ryan Salame be prosecuted to a term of five to seven years in prison after he pleaded guilty to criminal charges in September last year. Salame's defense counsel pleaded with the judges for a non-suspensive sentence of no more than 18 months, but the prose was most insistent on the need for a long-term imprisonment that was far greater than 18 months.
Salame's Crimes Self-Serving, Not Just for FTX
It is also pointed out in the prosecution memo unsealed on Tuesday that Salame's crimes were self-serving and not solely aimed at helping #FTX and the cryptocurrency sphere. "The defendant's excuse for perpetrating these offenses to assist FTX and the cryptocurrency sector as a whole does not justify his actions in any way and is contradicted by the available evidence that demonstrates the defendant accruing significant individual gains from his criminal conduct," they added.
"Only a substantial incarceration sentence could appropriately reflect the nature and seriousness of his conduct and afford adequate deterrence," the memo continued. Even so, his attorneys made much of the fact that Salame did not mastermind these frauds and that he lost the lion's share of his fortune when FTX went belly-up. Ex-FT exchange head Sam Bankman-Fried, charged with fraud, embezzling clients' money, will taste the bitter fruit for nearly a quarter-century.
Ryan Salame Awaits Sentence Amidst Fraud Scandal
Ryan Salame served as a director or executive at Alameda Research before joining FTX as its CEO, and he later became responsible for several projects at the fallen exchange. Com by the end of year 2022 from the financial year 2019/2022. He faces sentencing on May 28 at a New York state courtroom.
Prosecutors insisted that Salame plotted to commit very severe crimes to help expand FTX and improve Bankman-Fried's image. The prosecutors also pointed out that Salame was engaged in some of the biggest crimes in conjunction with this scheme, stating, "The campaign finance offense is one of the largest-ever in American history, and the unlicensed money transmitting business exchanged over $1 billion without a license.
The call for longer sentencing implies the extent of Salame's participation in the fraudulent schemes incurred in FTX. The Recommended Sentence is to ensure that his conduct is considered horrible and also to warn future persons within the industry not to carry out such actions.
Ryan Salame's sentencing is one of the significant incidences that continue to unfold with legal consequences following the FTXsqueeze. The unlikely outcome of the trial followed calls for a long jail term by the prosecuting authorities, thus revealing the significance of the case in terms of responsibility and governance in cryptocurrencies. The legal professions and the players in the industry, especially in Lebanon and around the world, are awaiting the verdict in the court as Salame counts the days for the trial to be issued or completed.
U.S. prosecutors have suggested that former FTX executive Ryan Salame be prosecuted to a term of five to seven years in prison after he pleaded guilty to criminal charges in September last year. Salame's defense counsel pleaded with the judges for a non-suspensive sentence of no more than 18 months, but the prose was most insistent on the need for a long-term imprisonment that was far greater than 18 months.
Salame's Crimes Self-Serving, Not Just for FTX
It is also pointed out in the prosecution memo unsealed on Tuesday that Salame's crimes were self-serving and not solely aimed at helping #FTX and the cryptocurrency sphere. "The defendant's excuse for perpetrating these offenses to assist FTX and the cryptocurrency sector as a whole does not justify his actions in any way and is contradicted by the available evidence that demonstrates the defendant accruing significant individual gains from his criminal conduct," they added.
"Only a substantial incarceration sentence could appropriately reflect the nature and seriousness of his conduct and afford adequate deterrence," the memo continued. Even so, his attorneys made much of the fact that Salame did not mastermind these frauds and that he lost the lion's share of his fortune when FTX went belly-up. Ex-FT exchange head Sam Bankman-Fried, charged with fraud, embezzling clients' money, will taste the bitter fruit for nearly a quarter-century.
Ryan Salame Awaits Sentence Amidst Fraud Scandal
Ryan Salame served as a director or executive at Alameda Research before joining FTX as its CEO, and he later became responsible for several projects at the fallen exchange. Com by the end of year 2022 from the financial year 2019/2022. He faces sentencing on May 28 at a New York state courtroom.
Prosecutors insisted that Salame plotted to commit very severe crimes to help expand FTX and improve Bankman-Fried's image. The prosecutors also pointed out that Salame was engaged in some of the biggest crimes in conjunction with this scheme, stating, "The campaign finance offense is one of the largest-ever in American history, and the unlicensed money transmitting business exchanged over $1 billion without a license.
The call for longer sentencing implies the extent of Salame's participation in the fraudulent schemes incurred in FTX. The Recommended Sentence is to ensure that his conduct is considered horrible and also to warn future persons within the industry not to carry out such actions.
Ryan Salame's sentencing is one of the significant incidences that continue to unfold with legal consequences following the FTXsqueeze. The unlikely outcome of the trial followed calls for a long jail term by the prosecuting authorities, thus revealing the significance of the case in terms of responsibility and governance in cryptocurrencies. The legal professions and the players in the industry, especially in Lebanon and around the world, are awaiting the verdict in the court as Salame counts the days for the trial to be issued or completed.
📢#Robinhood’s board of directors has approved a plan to buy back the $578 million stake in their company that was bought by former FTX CEO Sam Bankman-Fried and #FTX co-founder Gary Wang last year.
Source: #Cointelegraph
#dyor #crypto2023
Source: #Cointelegraph
#dyor #crypto2023
Google Cloud has reportedly invested $300 million into artificial intelligence (AI) startup firm Anthropic, which also happened to receive over $500 million in funds from former #FTX CEO Sam Bankman-Fried about six months before FTX catastrophically collapsed.
#AI #Cryptonews
#AI #Cryptonews
As investors seek to lower risk amid the market chaos, USDC transfer volumes have frequently topped 5X those seen by USDT since FTX's crash. #FTXcollapse #FTX #Cryptonews
📢Sam Bankman-Fried instructed his #FTX cofounder Gary Wang to create a secret backdoor to enable his trading firm Alameda to borrow $65 billion of clients money from the exchange without their permission, the Delaware bankruptcy court was told Wednesday.
#crypto2023
#Yahoo
#crypto2023
#Yahoo
