Binance Square
#sbf

sbf

9.9M views
20,211 Discussing
链上霸主
·
--
Lawyers for former FTX founder Sam Bankman-Fried are asking the U.S. Supreme Court to hear his appeal against his criminal conviction, marking SBF’s last legal avenue to overturn it. Attorney Jeffrey Fisher said the court has extended the U.S. government’s deadline to respond to November 16. The justices may decide whether to hear the case between late 2026 and early 2027. The appeal focuses on two points: first, the trial court ruled that “whether users actually suffered losses was irrelevant to the conviction” and excluded related evidence, which may have constituted prejudice; second, the $11 billion forfeiture order allegedly violates the Eighth Amendment’s prohibition on excessive fines. SBF was sentenced to 25 years in prison after being convicted on seven counts of fraud in 2023. #FTX #SBF (Source: Cointelegraph) ⚠️Risk warning: The above is shared for market information purposes only and does not constitute investment advice. Investing involves risk; please exercise caution.
Lawyers for former FTX founder Sam Bankman-Fried are asking the U.S. Supreme Court to hear his appeal against his criminal conviction, marking SBF’s last legal avenue to overturn it.
Attorney Jeffrey Fisher said the court has extended the U.S. government’s deadline to respond to November 16. The justices may decide whether to hear the case between late 2026 and early 2027. The appeal focuses on two points: first, the trial court ruled that “whether users actually suffered losses was irrelevant to the conviction” and excluded related evidence, which may have constituted prejudice; second, the $11 billion forfeiture order allegedly violates the Eighth Amendment’s prohibition on excessive fines. SBF was sentenced to 25 years in prison after being convicted on seven counts of fraud in 2023.
#FTX #SBF
(Source: Cointelegraph)
⚠️Risk warning: The above is shared for market information purposes only and does not constitute investment advice. Investing involves risk; please exercise caution.
SBF’s lawyers have already started taking his case to the Supreme Court, saying that if the justices take it up, a decision could come before June 2027. Man, this saga just keeps getting longer. FTX collapsed almost three years ago, and the appeals are still ongoing—victims still haven’t seen their money. The industry lesson is written in blood: don’t trust “boy geniuses.” Custody and transparency are the lifeblood of this business. $FTT #SBF
SBF’s lawyers have already started taking his case to the Supreme Court, saying that if the justices take it up, a decision could come before June 2027.
Man, this saga just keeps getting longer. FTX collapsed almost three years ago, and the appeals are still ongoing—victims still haven’t seen their money.
The industry lesson is written in blood: don’t trust “boy geniuses.” Custody and transparency are the lifeblood of this business.

$FTT #SBF
【Market Update】SBF’s lawyer reveals timeline for appeal to the U.S. Supreme Court. After FTX’s former CEO Sam Bankman-Fried was convicted and his appeal was rejected, he is now seeking Supreme Court review. The deadline for the government to respond has been extended to November 16. The justices may decide by the end of the year or early next year whether to hear the case; if they do, a ruling could come as early as June 2027. SBF was convicted on seven felony fraud counts for misappropriating customer funds and sentenced to 25 years in prison, with $11 billion in forfeitures. His appeal makes two main arguments: the lower court’s evidence of “victim losses” is questionable, and the forfeiture order violates the Eighth Amendment. He is still seeking a presidential pardon. (Source: Cointelegraph) #SBF #FTX #Cryptocurrency ⚠️Risk warning: The above is shared for market information only and does not constitute investment advice. Investing involves risk; please exercise caution.
【Market Update】SBF’s lawyer reveals timeline for appeal to the U.S. Supreme Court.

After FTX’s former CEO Sam Bankman-Fried was convicted and his appeal was rejected, he is now seeking Supreme Court review. The deadline for the government to respond has been extended to November 16. The justices may decide by the end of the year or early next year whether to hear the case; if they do, a ruling could come as early as June 2027.

SBF was convicted on seven felony fraud counts for misappropriating customer funds and sentenced to 25 years in prison, with $11 billion in forfeitures. His appeal makes two main arguments: the lower court’s evidence of “victim losses” is questionable, and the forfeiture order violates the Eighth Amendment. He is still seeking a presidential pardon.

(Source: Cointelegraph)

#SBF #FTX #Cryptocurrency

⚠️Risk warning: The above is shared for market information only and does not constitute investment advice. Investing involves risk; please exercise caution.
SBF still isn’t giving up—he’s taken his appeal all the way to the Supreme Court, hoping to overturn his fraud conviction and the $11 billion forfeiture order 🤡 Even behind bars, he’s still hoping to turn things around. His legal fees are piling up faster than FTX users are getting refunded. Even if the Supreme Court takes the case, a ruling won’t come until June 2027 at the earliest—so the drama could last into next year. A reminder of the old lesson: don’t trust a “genius founder.” Custody and reserves are what really matter. $BTC #SBF #FTX
SBF still isn’t giving up—he’s taken his appeal all the way to the Supreme Court, hoping to overturn his fraud conviction and the $11 billion forfeiture order 🤡

Even behind bars, he’s still hoping to turn things around. His legal fees are piling up faster than FTX users are getting refunded. Even if the Supreme Court takes the case, a ruling won’t come until June 2027 at the earliest—so the drama could last into next year.

A reminder of the old lesson: don’t trust a “genius founder.” Custody and reserves are what really matter.

$BTC #SBF #FTX
Netflix is dramatizing the FTX collapse with "The Altruists," focusing on the relationship between Sam Bankman-Fried and Caroline Ellison. While Hollywood gets its next big drama, many in the crypto space are asking: what about the victims? Turning an $8B fraud into mainstream entertainment risks sidelining those who actually lost their life savings. Will you be watching, or is this a step too far? #FTX #SBF #CryptoNews
Netflix is dramatizing the FTX collapse with "The Altruists," focusing on the relationship between Sam Bankman-Fried and Caroline Ellison. While Hollywood gets its next big drama, many in the crypto space are asking: what about the victims? Turning an $8B fraud into mainstream entertainment risks sidelining those who actually lost their life savings.

Will you be watching, or is this a step too far?

#FTX #SBF #CryptoNews
【Market Flash】Netflix is bringing the FTX collapse to the screen. The streaming giant posted a trailer on X for an eight-episode limited series about the events leading up to FTX’s downfall. It stars former CEO SBF and his ex-girlfriend Caroline Ellison, the former head of Alameda. The series is set to premiere on November 19. In the trailer, Julia Garner, who plays Ellison, delivers the line, "It’s not bad to lie for a good cause," echoing Ellison’s testimony at SBF’s criminal trial. SBF was sentenced to 25 years in prison on seven felony counts, including fraud, and is still serving his sentence in federal prison; Ellison was released this January. Even amid the dramatization, the FTX saga remains the crypto industry’s biggest cautionary tale. #FTX #SBF (Source: X) ⚠️Risk disclaimer: The above is shared for market information purposes only and does not constitute investment advice. Investing involves risk; please exercise caution.
【Market Flash】Netflix is bringing the FTX collapse to the screen. The streaming giant posted a trailer on X for an eight-episode limited series about the events leading up to FTX’s downfall. It stars former CEO SBF and his ex-girlfriend Caroline Ellison, the former head of Alameda. The series is set to premiere on November 19. In the trailer, Julia Garner, who plays Ellison, delivers the line, "It’s not bad to lie for a good cause," echoing Ellison’s testimony at SBF’s criminal trial. SBF was sentenced to 25 years in prison on seven felony counts, including fraud, and is still serving his sentence in federal prison; Ellison was released this January. Even amid the dramatization, the FTX saga remains the crypto industry’s biggest cautionary tale.
#FTX #SBF
(Source: X)
⚠️Risk disclaimer: The above is shared for market information purposes only and does not constitute investment advice. Investing involves risk; please exercise caution.
SBF is still behind bars, and the瓜 is already filmed into a TV drama 🤡 Netflix has released the first trailer for its FTX scandal series, 《The Altruists》. Julia Garner and Anthony Boyle star, and it goes live on the 19th next month. Back then they were touting “altruism” while moving customers’ money—now it’s become a Hollywood traffic password. The irony is right on target. Gossip away, but let’s repeat the old lesson one more time: no matter how sleek an exchange looks, don’t bet everything on it—self-custody is the real lifesaver. We’ll just wait for the release date and see the outsiders lining up to take the FTX course. $FTT #FTX #SBF #Netflix
SBF is still behind bars, and the瓜 is already filmed into a TV drama 🤡
Netflix has released the first trailer for its FTX scandal series, 《The Altruists》. Julia Garner and Anthony Boyle star, and it goes live on the 19th next month.
Back then they were touting “altruism” while moving customers’ money—now it’s become a Hollywood traffic password. The irony is right on target.
Gossip away, but let’s repeat the old lesson one more time: no matter how sleek an exchange looks, don’t bet everything on it—self-custody is the real lifesaver.
We’ll just wait for the release date and see the outsiders lining up to take the FTX course.

$FTT #FTX #SBF #Netflix
People are still sitting in jail, but the movie arrives first. Netflix has just released the first trailer for its SBF biopic. The iconic moment from four years ago when the $10 billion FTX empire went to zero overnight is headed to the big screen 🍿 What I want to see most is how the VC and crypto influencers who once propped him up as the “Berkshire Hathaway of crypto” probably all collectively forgot by now. Gossip is one thing, but the takeaway is simple: don’t worship at the altar—keep your coins in your own hands. $FTT #FTX #SBF #Netflix
People are still sitting in jail, but the movie arrives first.
Netflix has just released the first trailer for its SBF biopic. The iconic moment from four years ago when the $10 billion FTX empire went to zero overnight is headed to the big screen 🍿

What I want to see most is how the VC and crypto influencers who once propped him up as the “Berkshire Hathaway of crypto” probably all collectively forgot by now.
Gossip is one thing, but the takeaway is simple: don’t worship at the altar—keep your coins in your own hands.

$FTT #FTX #SBF #Netflix
Uniswap co-founder Hayden Adams revealed an old drama: a former owner of Uniswap.com once quoted a seven-figure price. The team refused—unwilling to be extorted. Little did they know, SBF later bought the domain for another seven figures, and pointed it to a forked website—probably to show off or cause trouble. Then the plot flipped: because the domain was being used maliciously, Uniswap’s legal team stepped in and ultimately got the domain back without spending a single cent. In other words, SBF paid a high price and then “gave it back” for free. This is arguably one of the most expensive brand pranks in the crypto world, and it also serves as a reminder to every project: main domains, imitation sites, and phishing redirects have never been trivial matters. #Uniswap #SBF #domain security
Uniswap co-founder Hayden Adams revealed an old drama: a former owner of Uniswap.com once quoted a seven-figure price. The team refused—unwilling to be extorted. Little did they know, SBF later bought the domain for another seven figures, and pointed it to a forked website—probably to show off or cause trouble.

Then the plot flipped: because the domain was being used maliciously, Uniswap’s legal team stepped in and ultimately got the domain back without spending a single cent. In other words, SBF paid a high price and then “gave it back” for free.

This is arguably one of the most expensive brand pranks in the crypto world, and it also serves as a reminder to every project: main domains, imitation sites, and phishing redirects have never been trivial matters.

#Uniswap #SBF #domain security
·
--
BREAKTHROUGH Just when you thought it was safe, SENSATORS Gallego and Lummis have obliterated any chance of a SBF pardon with a scathing bipartisan resolution (#SBF #FTX #Congress). The proof is in the details: they're calling for the chamber to go on record, making a bold statement in opposition to any clemency for Sam Bankman-Fried. This historic move puts the Senate firmly in place against a pardon, and it's the flood has started for SBF's freedom (and maybe his crypto empire too). Now, with this resolution gaining traction, the stakes have never been higher: what does this mean for the future of SBF, FTX, and the already battered crypto space? Will this be the end of SBF's freedom or the beginning of a new chapter? Stay tuned and get ready to watch this story unfold.
BREAKTHROUGH

Just when you thought it was safe, SENSATORS Gallego and Lummis have obliterated any chance of a SBF pardon with a scathing bipartisan resolution (#SBF #FTX #Congress). The proof is in the details: they're calling for the chamber to go on record, making a bold statement in opposition to any clemency for Sam Bankman-Fried. This historic move puts the Senate firmly in place against a pardon, and it's the flood has started for SBF's freedom (and maybe his crypto empire too).

Now, with this resolution gaining traction, the stakes have never been higher: what does this mean for the future of SBF, FTX, and the already battered crypto space? Will this be the end of SBF's freedom or the beginning of a new chapter? Stay tuned and get ready to watch this story unfold.
🚨 PRISON TO PUMP: SBF begs Trump for a pardon, and $FTT just went parabolic! ​While serving his sentence, the disgraced FTX founder officially filed for clemency, instantly triggering a massive 50%+ speculative rally for the ultimate zombie token. Let’s be brutal: $FTT has zero utility and no future, but the market is violently pricing in the wild "what if?" of a presidential lifeline. This isn't a fundamental recovery; it's a high-stakes game of pure narrative gambling driven entirely by headlines. ​Are you riding this insane volatility wave, or is this the most obvious short setup of the year? Let me know below! 👇 ​#FTT #SBF #CryptoNews #BinanceSquare
🚨 PRISON TO PUMP: SBF begs Trump for a pardon, and $FTT just went parabolic!

​While serving his sentence, the disgraced FTX founder officially filed for clemency, instantly triggering a massive 50%+ speculative rally for the ultimate zombie token. Let’s be brutal: $FTT has zero utility and no future, but the market is violently pricing in the wild "what if?" of a presidential lifeline. This isn't a fundamental recovery; it's a high-stakes game of pure narrative gambling driven entirely by headlines.

​Are you riding this insane volatility wave, or is this the most obvious short setup of the year? Let me know below! 👇

​#FTT #SBF #CryptoNews #BinanceSquare
·
--
Bullish
🚨 SBF Allegedly Plans to Launch a New Token After Getting out of the Slammer 📢 According to New York Magazine, the former CEO of FTX, Sam Bankman-Fried, mentioned to another inmate that he’s looking to drop a new crypto once he’s out of the clink. #SBF
🚨 SBF Allegedly Plans to Launch a New Token After Getting out of the Slammer

📢 According to New York Magazine, the former CEO of FTX, Sam Bankman-Fried, mentioned to another inmate that he’s looking to drop a new crypto once he’s out of the clink.

#SBF
Big news! SBF's appeal got wrecked, 25-year sentence upheld. The fall of a crypto giant, greed and violations ultimately lost to the law. The industry is getting reshuffled, and the compliance era has arrived. It's settled! FTX founder SBF's appeal failed, and the verdict remains unchanged. Looking back at the whole saga, it's clear that market regulation is tightening. To survive in this space long-term, compliance is non-negotiable. Final ruling is in: SBF's appeal is completely denied. A global financial circus has come to an end, and it teaches the entire industry a hard lesson: crossing legal lines will ultimately come at a heavy price. #SBF #ftt
Big news! SBF's appeal got wrecked, 25-year sentence upheld. The fall of a crypto giant, greed and violations ultimately lost to the law. The industry is getting reshuffled, and the compliance era has arrived.

It's settled! FTX founder SBF's appeal failed, and the verdict remains unchanged. Looking back at the whole saga, it's clear that market regulation is tightening. To survive in this space long-term, compliance is non-negotiable.

Final ruling is in: SBF's appeal is completely denied. A global financial circus has come to an end, and it teaches the entire industry a hard lesson: crossing legal lines will ultimately come at a heavy price. #SBF #ftt
Sam Bankman-Fried Back in the Game with a New Project? 😳 Few names have made as much of an impact in the crypto space as $Sam Bankman-Fried. Now, discussions are brewing about a potential token tied to his future projects post-incarceration. Regardless of personal opinions, one thing is clear: The market loves a good narrative. And narratives move money. The question is: Have investors learned from past mistakes? Or is the market's memory still short? 👀 The debate has already kicked off. #Crypto #SBF #bitcoin #Investing
Sam Bankman-Fried Back in the Game with a New Project?

😳 Few names have made as much of an impact in the crypto space as $Sam Bankman-Fried.

Now, discussions are brewing about a potential token tied to his future projects post-incarceration.

Regardless of personal opinions, one thing is clear:

The market loves a good narrative.

And narratives move money.

The question is:

Have investors learned from past mistakes?

Or is the market's memory still short?

👀 The debate has already kicked off.

#Crypto #SBF #bitcoin #Investing
Bloomberg reports that FTX founder SBF has officially submitted a presidential pardon request to Trump through the proper channels. He is currently serving a 25-year sentence, and his family has been lobbying for months. However, there's significant pushback: Trump stated back in January that he had no intention of pardoning SBF, and several pro-crypto Republican lawmakers are also against it, citing high political risks. In other words, just because the application is in the pipeline doesn't mean the outcome will shift. For the industry, this feels more like a "crypto regulatory memory" retest: the FTX incident remains one of the most cited cases in U.S. political discussions about crypto risks. #FTX #SBF #crypto-regulation
Bloomberg reports that FTX founder SBF has officially submitted a presidential pardon request to Trump through the proper channels. He is currently serving a 25-year sentence, and his family has been lobbying for months.

However, there's significant pushback: Trump stated back in January that he had no intention of pardoning SBF, and several pro-crypto Republican lawmakers are also against it, citing high political risks. In other words, just because the application is in the pipeline doesn't mean the outcome will shift.

For the industry, this feels more like a "crypto regulatory memory" retest: the FTX incident remains one of the most cited cases in U.S. political discussions about crypto risks. #FTX #SBF #crypto-regulation
Inmate's scoop + White House smacks down, how many more days can FTT's "pardon pump" hold up? After SBF's "pardon pump" surged for two days, today it received two heavy blows. First blow: A fellow inmate comes in for the kill. Michael Avenatti, who shared a cell with SBF, has been posting on X: "I repeatedly urged him to admit his mistakes, but he never listened. He refuses to acknowledge any wrongdoing from start to finish." Avenatti was blunt—"A person who can't even admit their mistakes doesn't deserve a pardon." Second blow: The White House confirms "no plan". The White House spokesperson responded that Trump has no intention of pardoning SBF. Coupled with Trump’s earlier statement in January, saying there was “no plan to pardon him,” Polymarket data shows that the probability of SBF being pardoned before the end of 2026 is only 8%. FTT has pulled back from a peak of $0.42 to around $0.31, with a drop of over 25%. The news sparked a quick surge, and those chasing highs got caught in a bind as profit-takers hammered down. FTT isn’t a value coin; it’s a political betting “options contract.” Now the news is being disproven, and the casino is about to close. A rebound is a selling point. Don’t be greedy for the last penny. #FTT #SBF #消息证伪
Inmate's scoop + White House smacks down, how many more days can FTT's "pardon pump" hold up?

After SBF's "pardon pump" surged for two days, today it received two heavy blows.

First blow: A fellow inmate comes in for the kill.

Michael Avenatti, who shared a cell with SBF, has been posting on X: "I repeatedly urged him to admit his mistakes, but he never listened. He refuses to acknowledge any wrongdoing from start to finish." Avenatti was blunt—"A person who can't even admit their mistakes doesn't deserve a pardon."

Second blow: The White House confirms "no plan".

The White House spokesperson responded that Trump has no intention of pardoning SBF. Coupled with Trump’s earlier statement in January, saying there was “no plan to pardon him,” Polymarket data shows that the probability of SBF being pardoned before the end of 2026 is only 8%.

FTT has pulled back from a peak of $0.42 to around $0.31, with a drop of over 25%. The news sparked a quick surge, and those chasing highs got caught in a bind as profit-takers hammered down.

FTT isn’t a value coin; it’s a political betting “options contract.” Now the news is being disproven, and the casino is about to close.

A rebound is a selling point. Don’t be greedy for the last penny.

#FTT #SBF #消息证伪
$SBF PARDON DENIED — TRUMP GRANTS CLEMENCY TO 11 OTHERS 🔥 Trump just signed off on 11 pardons for individuals convicted under the Clean Air Act, calling them victims of political persecution. SBF's name was notably absent from the list — despite being the most high-profile crypto candidate for clemency. The market is watching closely. White House discussions about a potential mass pardon of 250 people during the 250th anniversary are still exploratory, but today's statement could shift sentiment around FTX's recovery token. If SBF remains locked up, the odds of any FTX revival get even thinner. How do you think this will affect $FTT ? Not financial advice. Always manage your risk. #SBF #FTX #Pardon #CryptoNews 🔥
$SBF PARDON DENIED — TRUMP GRANTS CLEMENCY TO 11 OTHERS 🔥

Trump just signed off on 11 pardons for individuals convicted under the Clean Air Act, calling them victims of political persecution. SBF's name was notably absent from the list — despite being the most high-profile crypto candidate for clemency.

The market is watching closely. White House discussions about a potential mass pardon of 250 people during the 250th anniversary are still exploratory, but today's statement could shift sentiment around FTX's recovery token. If SBF remains locked up, the odds of any FTX revival get even thinner.

How do you think this will affect $FTT ?

Not financial advice. Always manage your risk.

#SBF #FTX #Pardon #CryptoNews

🔥
SBF’s appeal to an intermediate appellate court was rejected; a single court ruling has effectively ended his bid to overturn the case On August 4, the New York Second Circuit Court of Appeals issued, the same day, the final appellate decision in the case of FTX founder Sam Bankman-Fried (SBF), marking the end of all his appellate efforts at the intermediate court level. This one-page ruling added no new reasoning. It fully upheld the original judgment of the district court and kept in effect all penalties imposed on him, including his 25-year prison sentence and forfeiture orders totaling billions of dollars. The court also held that Congress has the authority to determine the scale of forfeiture based on the amount of illegal gains by the defendant; therefore, the approximately $11 billion in asset forfeiture orders were also preserved. In addition, the trial judge Kaplan had already denied SBF’s motion for a retrial as early as April this year. After exhausting the entire intermediate appellate process, SBF has only one remaining judicial avenue: within 90 days after the judgment takes effect, he can apply to the U.S. Supreme Court for a writ of certiorari. However, the Supreme Court accepts only a very small proportion of such petitions each year, and the chance of reversal is exceedingly low. Apart from the judicial route, SBF also sought a presidential pardon from the U.S. Department of Justice, but Trump has previously stated clearly that he will not grant such a pardon. In addition, bipartisan senators jointly submitted a resolution opposing any pardon or sentence reduction for SBF. It is also worth noting that beyond seeking these two forms of relief, the FTX bankruptcy distribution process has continued independently, and creditors received the fifth round of repayments at the end of July. In summary, with this final appellate order now in place, the intermediate-court judicial dispute surrounding SBF is likely to be brought to a definitive close, leaving only one variable: possible further review by the U.S. Supreme Court. #SBF
SBF’s appeal to an intermediate appellate court was rejected; a single court ruling has effectively ended his bid to overturn the case

On August 4, the New York Second Circuit Court of Appeals issued, the same day, the final appellate decision in the case of FTX founder Sam Bankman-Fried (SBF), marking the end of all his appellate efforts at the intermediate court level.

This one-page ruling added no new reasoning. It fully upheld the original judgment of the district court and kept in effect all penalties imposed on him, including his 25-year prison sentence and forfeiture orders totaling billions of dollars.

The court also held that Congress has the authority to determine the scale of forfeiture based on the amount of illegal gains by the defendant; therefore, the approximately $11 billion in asset forfeiture orders were also preserved. In addition, the trial judge Kaplan had already denied SBF’s motion for a retrial as early as April this year.

After exhausting the entire intermediate appellate process, SBF has only one remaining judicial avenue: within 90 days after the judgment takes effect, he can apply to the U.S. Supreme Court for a writ of certiorari. However, the Supreme Court accepts only a very small proportion of such petitions each year, and the chance of reversal is exceedingly low.

Apart from the judicial route, SBF also sought a presidential pardon from the U.S. Department of Justice, but Trump has previously stated clearly that he will not grant such a pardon. In addition, bipartisan senators jointly submitted a resolution opposing any pardon or sentence reduction for SBF.

It is also worth noting that beyond seeking these two forms of relief, the FTX bankruptcy distribution process has continued independently, and creditors received the fifth round of repayments at the end of July.

In summary, with this final appellate order now in place, the intermediate-court judicial dispute surrounding SBF is likely to be brought to a definitive close, leaving only one variable: possible further review by the U.S. Supreme Court.

#SBF
US Senate Passes Unanimous Resolution: FTX Founder Should Not Receive a Presidential Pardon On July 16, according to CoinDesk, the U.S. Senate passed a joint resolution on Wednesday that formally establishes that FTX founder Sam Bankman-Fried (SBF) “under no circumstances” should receive a presidential pardon or commutation. The resolution was jointly drafted by Republican Sen. Cynthia Lummis and Democratic Sen. Ruben Gallego. It passed the legislature with unanimous approval, reflecting a rare display of unity between the two U.S. parties. This unopposed resolution directly targets SBF’s alleged conduct, clearly condemning him for masterminding and leading what is described as the largest financial fraud case in U.S. history, and demonstrating Congress’s collective firm opposition to the related financial wrongdoing. In November 2023, a jury found Bankman-Fried guilty on seven counts, including his direct role in causing the collapse of the FTX exchange and leading to losses of more than $8 billion in customer funds. Under the sentence, Bankman-Fried’s total prison term adds up to more than 25 years, with eligibility for release only around 2044. By then, he will be close to his sixties, meaning he would spend nearly his entire adult life behind bars. Notably, although President Trump previously pardoned Binance founder Changpeng Zhao and Silk Road founder Ross Ulbricht, he also said earlier this year in January that there are no plans to grant a pardon to Bankman-Fried at this time. When Sen. Lummis introduced this measure in June, Bankman-Fried was already standing trial in court. Sen. Gallego’s view was even more succinct and forceful, saying that SBF should be allowed to continue serving his sentence. The collapse of FTX began in November 2022, when the media, after obtaining Alameda Research’s balance sheet, found that most of the company’s assets were FTT tokens issued by FTX itself. After the incident was exposed, Binance then announced it would sell its FTT holdings, directly triggering a sharp plunge in the token’s price and a customer bank run. Ultimately, on November 11, FTX filed for bankruptcy, and the entire empire collapsed. #SBF
US Senate Passes Unanimous Resolution: FTX Founder Should Not Receive a Presidential Pardon

On July 16, according to CoinDesk, the U.S. Senate passed a joint resolution on Wednesday that formally establishes that FTX founder Sam Bankman-Fried (SBF) “under no circumstances” should receive a presidential pardon or commutation.

The resolution was jointly drafted by Republican Sen. Cynthia Lummis and Democratic Sen. Ruben Gallego. It passed the legislature with unanimous approval, reflecting a rare display of unity between the two U.S. parties.

This unopposed resolution directly targets SBF’s alleged conduct, clearly condemning him for masterminding and leading what is described as the largest financial fraud case in U.S. history, and demonstrating Congress’s collective firm opposition to the related financial wrongdoing.

In November 2023, a jury found Bankman-Fried guilty on seven counts, including his direct role in causing the collapse of the FTX exchange and leading to losses of more than $8 billion in customer funds.

Under the sentence, Bankman-Fried’s total prison term adds up to more than 25 years, with eligibility for release only around 2044. By then, he will be close to his sixties, meaning he would spend nearly his entire adult life behind bars.

Notably, although President Trump previously pardoned Binance founder Changpeng Zhao and Silk Road founder Ross Ulbricht, he also said earlier this year in January that there are no plans to grant a pardon to Bankman-Fried at this time.

When Sen. Lummis introduced this measure in June, Bankman-Fried was already standing trial in court. Sen. Gallego’s view was even more succinct and forceful, saying that SBF should be allowed to continue serving his sentence.

The collapse of FTX began in November 2022, when the media, after obtaining Alameda Research’s balance sheet, found that most of the company’s assets were FTT tokens issued by FTX itself.

After the incident was exposed, Binance then announced it would sell its FTT holdings, directly triggering a sharp plunge in the token’s price and a customer bank run. Ultimately, on November 11, FTX filed for bankruptcy, and the entire empire collapsed.

#SBF
Article
🔥 SBF: Sentence Upheld and No Easy Way Out 🔥The U.S. Court of Appeals for the Second Circuit has officially upheld Sam Bankman-Fried’s conviction. The issued mandate confirms the 7 counts of fraud, the 25-year prison sentence, and the forfeiture order of $11 billion. His direct appeal has been closed. ⚖️ The key ruling: Fraud, even if there was an intention to repay The court rejected the liquidity argument. The ruling emphasizes that wire fraud is completed at the moment the funds are diverted to Alameda Research, regardless of whether SBF believed he could pay the money back later. The clients were defrauded at that instant.

🔥 SBF: Sentence Upheld and No Easy Way Out 🔥

The U.S. Court of Appeals for the Second Circuit has officially upheld Sam Bankman-Fried’s conviction. The issued mandate confirms the 7 counts of fraud, the 25-year prison sentence, and the forfeiture order of $11 billion. His direct appeal has been closed.
⚖️ The key ruling: Fraud, even if there was an intention to repay
The court rejected the liquidity argument. The ruling emphasizes that wire fraud is completed at the moment the funds are diverted to Alameda Research, regardless of whether SBF believed he could pay the money back later. The clients were defrauded at that instant.
Log in to explore more content
Join global crypto users on Binance Square
⚡️ Get latest and useful information about crypto.
💬 Trusted by the world’s largest crypto exchange.
👍 Discover real insights from verified creators.
Email / Phone number