• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Speculations on Possible Pardon for Sam Bankman-Fried

user avatar

by Giorgi Kostiuk

a year ago

The cryptocurrency exchange FTX, which sparked a bitcoin and altcoin crash, remains a topic of discussion due to rumors about the early pardon of its founder.

FTX Bankruptcy and Its Aftermath

FTX, once a leading cryptocurrency exchange, went bankrupt, leading to a significant downturn in bitcoin and other altcoins. FTX's founder, Sam Bankman-Fried, was sentenced to 25 years in prison for multiple offenses, including fraud.

Elon Musk on Possible Pardon

Tesla's CEO Elon Musk suggested in a post on his X account that Sam Bankman-Fried could receive an early pardon from U.S. President Joe Biden. Musk commented, 'I would be shocked if that doesn't happen.'

I would be shocked if that doesn't happen.Elon Musk

Market Reaction and Projections

Rumors about possibly pardoning Sam Bankman-Fried led to an increase in the FTX Token (FTT) price. Following the news, the probability of pardoning him on the Polymarket platform rose from 5% to 9%.

Speculations surrounding the potential pardon of Sam Bankman-Fried continue to impact the crypto market, causing price fluctuations and attracting public attention.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Investment Firms Set to Negotiate Venezuela's $60 Billion Defaulted Bonds

chest

A group of major investment firms, known as the Venezuela Creditor Committee, is ready to negotiate the country's defaulted government bonds worth $60 billion, potentially leading to a significant sovereign debt restructuring.

user avatarMaya Lundqvist

SEI Crypto Set for Major Upgrades and Institutional Partnerships

chest

SEI crypto is preparing for significant upgrades and partnerships to enhance throughput, reduce latency, and drive adoption.

user avatarLeo van der Veen

Drivers Behind the Surge in Tokenized Equities

chest

The remarkable growth of tokenized equities can be attributed to several key factors, including increased regulatory clarity in major jurisdictions and active participation from global investment banks and asset managers.

user avatarLi Weicheng

GRASS Token Attracts Investor Interest with Unique AI Data Focus

chest

The GRASS Network, a Solana-based protocol, has gained significant attention following a $45 million seed funding round led by Polychain Capital.

user avatarAisha Farooq

Bithumb Schedules Maintenance for Point Shop Service

chest

Bithumb has announced routine maintenance for its Point Shop service, affecting reward points but not cryptocurrency trading.

user avatarTenzin Dorje

Arkham Intelligence to Cut Support for Linea Blockchain

chest

Arkham Intelligence will discontinue support for the Linea blockchain on January 11 due to a periodic review of its relevance.

user avatarBayarjavkhlan Ganbaatar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.