• 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

US Government Approves Nvidia's Sales of H200 Chips to China

chest

The US Department of Commerce has allowed Nvidia to sell its H200 chips in China with specific conditions to ensure national security.

user avatarZainab Kamara

Putin Calls for Acceleration in Autonomous Transportation Development

chest

Vladimir Putin calls for a swift transition from testing to mass implementation of autonomous transportation solutions in Russia.

user avatarZainab Kamara

Russia Aims to Increase Driverless Truck Production to Thousands by 2030

chest

Russia aims to increase the production of driverless trucks to thousands by 2030, currently operating 95 self-driving trucks mainly in Moscow and St. Petersburg.

user avatarSon Min-ho

Trojan Launches The Arena: A New Gamified Rewards System

chest

Trojan has launched The Arena, a gamified rewards system that incentivizes trading activity.

user avatarKofi Adjeman

Trojan Launches New Web Trading Platform for Solana Traders.

chest

Trojan has launched a new web trading terminal for Solana traders, enhancing the trading experience with advanced features and tools.

user avatarTando Nkube

Trojan Expands Ecosystem Integrations with Community Projects

chest

Trojan has been actively building partnerships within the Solana ecosystem, integrating with community projects such as MONKEDAO, BORYOKU, and SLERF to enhance trading capabilities and provide additional utility for users.

user avatarSatoshi Nakamura

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.