• 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

2 years 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

SUI Group Increases Loan to Bluefin, Strengthening DeFi Ties

chest

SUI Group Holdings Limited has expanded its lending agreement with Bluefin, increasing the total loan to 6 million SUI to support Bluewater Labs' acquisition of Suilend.

user avatarLuis Flores

Sui Seal MPC Introduces Hidden Bids for Enhanced AI Trading Security

chest

Mysten Labs has introduced a feature in the Sui Seal MPC system that enables hidden bids for AI trading, enhancing security and reducing risks of frontrunning.

user avatarMaria Gutierrez

Mysten Labs Introduces Sui Seal MPC for Secure AI Transactions

chest

Mysten Labs has launched Sui Seal MPC on the Sui mainnet, enabling autonomous AI agents to execute onchain transactions securely without holding private keys.

user avatarArif Mukhtar

Chainlink Collaborates with Project Pangea to Revolutionize Cross-Border FX Settlements

chest

Chainlink partners with Project Pangea to enhance cross-border FX settlements, aiming to reduce settlement times from T2 to T0 using stablecoins by mid-2027.

user avatarDavid Robinson

SecondFi Suspends Services Due to Critical Wallet Flaw

chest

SecondFi has suspended its services due to a critical vulnerability in its wallet generation software that led to the theft of ADA.

user avatarAndrew Smith

Morgan Stanley's Proposed Solana Trust Filing Sparks Market Interest

chest

Morgan Stanley has amended its S1A filing for a proposed spot Solana Trust, focusing on fees and staking plans.

user avatarJacob Williams

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.