๐จ SBF PETITIONS SUPREME COURT TO OVERTURN 25-YEAR SENTENCE AND $11B FORFEITURE IMPACTING $ETH ๐ฆ
Entry: 2,438 โก
Former FTX CEO Sam Bankman-Fried has officially petitioned the U.S. Supreme Court to review his 2023 fraud conviction, 25-year prison sentence, and $11B forfeiture order. His defense argues the trial court unfairly blocked evidence showing Alameda Research held sufficient assets to cover customer liabilities long-term. ๐
Federal prosecutors maintain that post-hoc asset recovery cannot negate intentional customer fund diversion during the exchange collapse. ๐ With the High Court accepting under one percent of petitions, institutional smart money is monitoring how this final legal hurdle impacts broader market trust. ๐ฌ Do you expect the Supreme Court to take the case, or is the door officially closed? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #ETH #FTX #CryptoNews #MarketStructure #Crypto
๐ฅ ๐
Entry: 2,438 โก
Former FTX CEO Sam Bankman-Fried has officially petitioned the U.S. Supreme Court to review his 2023 fraud conviction, 25-year prison sentence, and $11B forfeiture order. His defense argues the trial court unfairly blocked evidence showing Alameda Research held sufficient assets to cover customer liabilities long-term. ๐
Federal prosecutors maintain that post-hoc asset recovery cannot negate intentional customer fund diversion during the exchange collapse. ๐ With the High Court accepting under one percent of petitions, institutional smart money is monitoring how this final legal hurdle impacts broader market trust. ๐ฌ Do you expect the Supreme Court to take the case, or is the door officially closed? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #ETH #FTX #CryptoNews #MarketStructure #Crypto
๐ฅ ๐