sbf

#FenwickWestSettlesFTXFor54M
Fenwick & West, юридическая фирма из Кремниевой долины, которая была ведущим внешним консультантом FTX до коллапса биржи в ноябре 2022 года, согласилась 22 мая 2026 года выплатить $54 миллиона для урегулирования требований клиентов FTX, которые утверждали, что фирма помогала облегчать одно из крупнейших финансовых мошенничеств в истории США.
Предварительное соглашение было подано в федеральный суд Майами и еще требует судебного одобрения.
📊 Что нам на самом деле говорят цифры:
Истцы утверждали, что Fenwick помогал создавать "теневые структуры", специально предназначенные для облегчения присвоения активов клиентов и уклонения от регуляторного надзора, что выходило далеко за рамки обычного юридического консультирования.

#SBF не просто управлял криптобиржей.
Он тихо строил, возможно, самый проницательный инвестиционный портфель в современной финансовой сфере — пока не сжег все, обворовав своих собственных клиентов.
Пусть цифры говорят.
1. #Anthropic — AI Корона.
#FTX вбросил $500M в Anthropic за 8% доли, когда стоимость AI компании составляла всего $2.5 миллиарда. Рано. Визионер. Идеально.
Затем случился обвал.
Ликвидаторы банкротства продали ту же долю в два этапа до начала 2024 года — уйдя с $1.3B в итоге. В то время это казалось победой.

#pol FTX перевел 470k SOL токенов на сумму $15 миллионов из холодного кошелька в Wintermute.
Переводы также включали ETH, MKR, LINK, AAVE, COMP и RNDN, в общей сложности более $10.49 миллионов.
Депозиты, похоже, совпадают с недавним ростом цен на криптовалюты, включая SOL.
Согласно отчету PeckShieldAlert от 26 октября, поразительные 470k токенов Solana (SOL) на сумму $15 миллионов были недавно перемещены с учетной записи, помеченной как холодное хранилище FTX на Solana. Часть средств была переведена на контролируемые биржи (CEX), включая Coinbase и Binance.

#etf Christine Kim, vice president at Galaxy Research, shares the latest update on the Ethereum Dencun upgrade timeline. The recently launched Devnet 11 is up and running. A Goerli shadow fork is also scheduled to occur.
Ethereum developers are most likely to launch a new devnet, Devnet 12, for further code testing.
As stated in a report detailing the latest Ethereum AllCore Developers Consensus Call, if developers do not work on updating client releases during the week of Devconnect, an Ethereum developer-focused conference in mid-November, Devnet 12 will likely launch sometime in early December.
Given these new estimates for testing, it seems unlikely that developers will also be able to launch the upgrade on the Goerli testnet in late November, as planned. Developers will most likely begin upgrading public Ethereum testnets after the holidays in Q1, 2024.
Ethereum fees soar 30%
According to on-chain analytics firm IntoTheBlock, total Ethereum fees climbed by 30% this week due to many smaller-cap tokens seeing a surge in on-chain trading volumes.
According to Santiment, at the start of November, Ethereum network growth reached its highest level in 24 days, while supply on exchanges fell to its lowest level since $ETH 's inception.
New Ethereum addresses surpassed 38,000 by the end of October, as the ETH #exchange supply fell further to 8.37%.
The Ethereum price increased to $1,875 on Nov. 2, which Santiment believes was helped in part by the highest "day" of new addresses established since Oct. 7. At the time of writing, ETH had fallen below that high and was down 0.09% in the last 24 hours to $1,808.#PYUSD #xrp #sbf

#Write2Earn Emerging from the shadows of the crypto world's most significant scandal, a leaked image of Sam Bankman-Fried in jail starkly illustrates the downfall of the former #ftx CEO
From zero to hero
100 years of jail time?
The once-celebrated founder Sam Bankman-Fried, known as #sbf , has traded lavish conference stages for the bleak walls of the Metropolitan Detention Center in Brooklyn.
A recent leak of Bankman-Fried's first jail photo has surfaced, marking a stark contrast to his former high-flying lifestyle.
This image stands as a visual testimony to the dramatic fall of a man who, at one point, was hailed as a crypto visionary.
From zero to hero
Bankman-Fried's journey from being the “boy wonder of crypto” to a disgraced former CEO is a cautionary tale of rapid success and equally swift downfall.
The MIT graduate who founded Alameda Research and the FTX #exchange once boasted a personal wealth estimated at $26 billion, adorned magazine covers, and enjoyed elite company.
However, his empire crumbled almost overnight after a rival executive's tweet last November sparked a multibillion-dollar bank run, revealing severe financial mismanagement.
Convicted of defrauding investors and laundering money, SBF's meteoric rise and precipitous fall serve as a sobering reminder of the perils of unregulated digital markets and the volatility of digital tokens.
100 years of jail time?
As reported by @WISE PUMPS , jurors delivered a unanimous verdict, convicting Bankman-Fried on all seven counts of fraud and conspiracy last November.
Accused of orchestrating one of the most significant financial frauds in American history, SBF faces the prospect of a maximum sentence that could span over a century.
Sentencing norms for white-collar criminals are typically less severe than those for violent offenses due to the non-physical threat posed by offenders.
Historical precedents, such as the case of Michael Milken in 1990 who was released after two years for cooperating with the government, suggest potential avenues for SBF's legal team. Yet, the scale of Bankman-Fried's offenses and the impact on FTX's customers and the broader crypto market may influence the severity of his sentence.#TrendingTopic

#pol Coinbase has been granted oral arguments in its legal battle against the SEC.
The case centers on whether Coinbase's transactions should be considered investment contracts and therefore securities.
The oral arguments are a significant step in the case and could have a major impact on the regulation of cryptocurrency.
In an exciting twist in the ongoing face-off between Coinbase and the U.S. Securities and Exchange Commission (SEC), a federal judge has given the green light to Coinbase’s request for oral arguments.
The cryptocurrency exchange is firmly arguing that its transactions should not be considered investment contracts, that its staking services do not involve investing money, and that digital assets are not securities.
Judge Katherine Polk Failla’s Decision
This decision was made by Judge Katherine Polk Failla at the Thurgood Marshall United States Courthouse in New York. In her announcement, she scheduled the oral arguments for January 17, 2024, considering the court’s busy schedule for the rest of the year.
The parties involved and interested parties (referred to as amici curiae) have been asked to propose a reasonable timeline for the oral arguments, with a submission deadline of November 17, 2023.
What’s the issue all about?
At the heart of this legal dispute is the use of the Howey Test, a legal standard used to figure out if a transaction qualifies as an investment contract and, as a result, a security.
Coinbase has been firm in their recent arguments against the SEC’s enforcement action, stating that not all transactions involving capital with the hope of making a profit should be seen as securities. They stress that their transactions should only be considered securities if they involve ‘investment contracts.’
Read More: Will Coinbase Win Its Case Against the SEC? Legal Experts Weigh In
The Importance of Oral Arguments
The approval of oral arguments is a significant step in this legal battle, giving Coinbase the opportunity to verbally present its case and explain why its transactions should not be labeled as securities.
This development emphasizes the need to clearly define the legal status of digital assets and transactions in the cryptocurrency industry.
Getting Ready for the Future
With the oral arguments set for early 2024, both parties need to prepare for this important event. For Coinbase, this small yet substantial victory in securing oral arguments offers a chance to make a strong case and potentially influence the future of cryptocurrency regulation.
The stage is set for a critical moment in this high-stakes battle between a #cryptocurrency giant and the SEC.
Also Read: Coinbase Warns IRS #crypto Tax Rules Will Harm Industry, Invade Privacy#sbf #linea