Battle Over ‘Sam Coins’: FTX Customers Demand Millions From Bankrupt Crypto Firm | Bitcoinist.com

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Crypto, Crypto Exchange FTX, Crypto News, cryptocurrencies, Cryptocurrency, DeFi, FTT news, FTT price, FTT Token, FTT:USD, FTTUDST, FTX, FTX aftermath, FTX bankruptcy, FTX claims, FTX co-founder, FTX creditors, FTX crypto, FTX news, Sam Bankman-Fried, Sam Bankman-Fried defense, Sam Bankman-Fried news

FTX customers are demanding substantial payouts from the bankrupt crypto firm. These customers claim three digital tokens, known as “Sam Coins,” deserve a higher value despite their association with convicted co-founder Sam Bankman-Fried. Investors Push For Higher Valuation According to a Bloomberg report, the investors holding tokens called Serum, MAPS, and OXY are urging US […]

Sam Bankman-Fried Cites Autism Disorder As Reason To Avoid 100 Years In Prison | Bitcoinist.com

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In a high-profile case that has garnered considerable attention, Sam Bankman-Fried, the disgraced CEO of the now-bankrupt FTX crypto exchange, is seeking a lighter sentence, citing his autism spectrum disorder. Bankman-Fried’s lawyers argue that his condition makes him “uniquely vulnerable” in a prison environment and should result in a reduced sentence of five to six […]

Sam Bankman-Fried’s Defense Breaks Down: Testifies To Issues Within FTX | Bitcoinist.com

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The trial of the former CEO of the defunct crypto exchange FTX, Sam Bankman-Fried (SBF), continued on October 31, with the prosecution cross-examining the defendant. Despite the line of questioning from the prosecutor, SBF managed to spin his narrative on what went on at the crypto exchange. However, it remains to be seen if this […]

FTX Founder Sam Bankman-Fried Admits Limited Cryptocurrency Knowledge During Fraud Trial | Bitcoinist.com

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During the ongoing trial of Sam Bankman-Fried, co-founder of the now-defunct FTX crypto exchange, startling revelations have emerged regarding his understanding of cryptocurrency. FTX Co-Founder’s Shocking Testimony  According to live coverage of the trial by The Guardian, Bankman-Fried confessed to knowing “basically nothing” about cryptocurrency before launching FTX and its affiliated hedge fund, Alameda Research. […]

FTX’s Sam Bankman-Fried Takes The Stand: Why Is One Missing Document So Important? | Bitcoinist.com

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FTX founder Sam Bankman-Fried (SBF) testified on October 26 as expected. His testimony provided a glimpse of what line of argument is to be expected from the defense as the case progresses. As Bankman-Fried’s lawyers questioned him, they emphasized on a particular document that could be the key to exonerating the defendant.  According to a […]