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Sam Bankman-Fried-Themed Memecoin Rocketed Over 35,000% Hours Before 25-Year Prison Sentencing, Crashes Hard In Swift Reversal
Friday, March 29, 2024 - 10:05am | 527Amid a surge in meme coin activity, Sam Bankman-Fried's sentencing led to a massive rally in a meme coin named "Sam Baseman Fraud." What Happened: Hours before Bankman-Fried was sentenced to 25 years in prison, a meme coin with the "FTX" ticker rocketed over 35,000% hours before eventually crashing...
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Here's How Elon Musk Reacted After Sam Bankman-Fried Once Reached Out For 'Blockchain Twitter': 'He Set Off My BS Detector'
Friday, March 29, 2024 - 7:23am | 645Tech billionaire Elon Musk once dismissed Sam Bankman-Fried's (SBF) attempt to set up a "Blockchain Twitter," raising questions about the seriousness of SBF and wondering if he even had the money to do it in the first place. What Happened: Musk appeared dismissive about SBF's proposal to implement...
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Prosecutors: Lock up SBF for up to 50 years
Saturday, March 16, 2024 - 4:29pm | 106U.S. prosecutors are asking the courts to imprison former FTX CEO Sam Bankman-Fried for up to 50 years, according to a memo filed on Friday. Bankman-Fried, who is set to be sentenced on March 28, should be in prison for 40 to 50 years, according to a memo signed by U.S. Attorney Damian Williams in...
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Fancy Meeting You Here: Tottenham Owner Sentencing Scheduled On Same Day, Same Courthouse As SBF, Not The Pair's First Connection
Thursday, January 25, 2024 - 12:21pm | 396Tottenham Hotspur’s owner, one of the largest soccer clubs in Europe, pleaded guilty to insider trading Wednesday, saying he was “embarrassed” by his actions. The U.S. Attorney's office in Manhattan charged Joe Lewis with insider trading for passing along non-public insider...
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Sam Bankman-Fried On The Brink: Emotional Courtroom Awaits Verdict In Billion-Dollar Fraud Trial
Thursday, November 2, 2023 - 12:29pm | 746Defense attorney Mark S. Cohen's closing remarks left Sam Bankman-Fried on the verge of tears at his fraud trial late Wednesday. Cohen appealed to the jury that Bankman-Fried acted in good faith in his entire operations at FTX and Alameda Research and thus should not be...
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Bankman-Fried Thought He Could Cheat People And Get Away With It: Assistant US Attorney Nicolas Roos' Closing Argument
Wednesday, November 1, 2023 - 1:12pm | 741In a gripping courtroom session on Wednesday, Assistant U.S. Attorney Nicolas Roos presented his closing arguments in the high-profile trial of the co-founder of crypto change FTX, Sam Bankman-Fried, in which the narrative portrayed a picture of a man who believed he could deceive countless...
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Sam Bankman-Fried Admits Risk Using FTX Funds To Settle Alameda Research Debt
Monday, October 30, 2023 - 7:07pm | 553Sam Bankman-Fried, the face behind crypto giants FTX and Alameda Research, acknowledged his awareness of the potential risks tied to the controversial decision to use the former's funds to repay the latter's debts. This concession came during the intense cross-examination by Assistant...
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Sam Bankman-Fried Admits Mocking Regulators Privately During Trial
Monday, October 30, 2023 - 2:24pm | 694Amid an intense cross-examination by Assistant U.S. Attorney Danielle Sassoon, FTX founder Sam Bankman-Fried, testified on the third day of his ongoing trial that he mocked regulators with derogatory language in private. The embattled former billionaire also conceded Alameda Research...
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Bankman-Fried Admits To Being 'Lazy' About Cutting His Hair Amidst Intense Testimony
Friday, October 27, 2023 - 4:47pm | 677In a riveting courtroom session, FTX co-founder Sam Bankman-Fried testified on various aspects of his professional journey, revealing a more personal side. While discussing his wardrobe choices and long hair, he candidly admitted, "I found [shorts and T-shirts] comfortable," and...
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FTX's Bankman-Fried Blames Former CTO For Erroneous Liquidations
Friday, October 27, 2023 - 1:10pm | 675Clarifying his stance on a series of allegations linked to erroneous liquidations, FTX co-founder Sam Bankman-Fried vehemently defended his decisions, saying he had asked former FTX Chief Technology Officer and co-founder Gary Wang to stop liquidations on Alameda Research's accounts...
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Bankman-Fried's Lawyers Push For Temporary Release, Claim Incarceration Inhibits His Ability To Prepare For Trial
Monday, August 28, 2023 - 12:24pm | 588Lawyers representing Sam Bankman-Fried are pushing for a temporary release or, at a minimum a provision for him to consult with his legal team five times a week. Bankman-Fried's team argued his current incarceration hinders his ability to actively participate in his defense...
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These Republicans Took Cash From Disgraced Sam Bankman-Fried – But Democrats Took A LOT More
Thursday, July 27, 2023 - 4:20pm | 824One of the biggest storylines of 2022 and the cryptocurrency market continues to play out as FTX co-founder Sam Bankman-Fried faces charges related to the use of funds while running the cryptocurrency platform. A charge related to political donations against Bankman-Fried was dismissed on...
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Prosecutors Push For Sam Bankman-Fried's Detention, Alleging Possible Witness Tampering
Wednesday, July 26, 2023 - 3:18pm | 358A bold move has been made by U.S. prosecutors as they've proposed to put Sam Bankman-Fried, the bigwig behind FTX, under lock and key until his October trial. This news arrives amid the ripples created by the fall of his brainchild, the FTX cryptocurrency exchange. What Happened: In a court...
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FTX Contagion
Thursday, March 2, 2023 - 1:34pm | 1110The pain from the FTX collapse spreads further than the FTX users and shareholders. Founder and CEO Sam Bankman-Fried is intertwined throughout much of the crypto ecosystem. With direct investment alone, FTX ventures and Alameda research are invested in over 250 crypto startups. Notable...
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4 Things Learned From The FTX Collapse
Friday, February 24, 2023 - 10:48am | 1029The FTX Collapse Analysis On November 8th, 2021 customer withdrawals were frozen on FTX, the world's second-largest cryptocurrency exchange. Shortly thereafter, the company filed for chapter 11 bankruptcy. Sam Bankman-Fried, founder and CEO of the exchange, was arrested by authorities in the...