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FTX fraudster Sam Bankman-Fried says he wants a do-over, and some more ill-received blockchain games suggest “GameFi” has an uncertain future.
As headlines about the Trump family’s “World Liberty Financial” crypto project appear in outlets like the New York Times, a scam website spoofing the project remains on the front page of Google search results. Blockchain data show people actively purchasing the token.
This is the same scam URL and token address promoted by the hackers who compromised Twitter accounts belonging to Lara and Tiffany Trump two weeks ago.
FTX founder Sam Bankman-Fried has just appealed his conviction. He argues, among other things, that the judge didn't like him.
https://www.courtlistener.com/docket/69143697/28/united-states-of-america-v-bankman-fried/
FTX executive Caroline Ellison is seeking a sentence of time served for her guilty plea on seven charges pertaining to the collapse of the FTX cryptocurrency exchange. Her sentencing submission paints her as someone whose “moral compass [was] warped” by Sam Bankman-Fried.
The probation department is also recommending time served, with three years of supervised release. Like Sam Bankman-Fried, she’s hit the maximum of 43 points on the sentencing guidelines, which would equate to a life sentence.
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Even the most pro-Trump crypto faithful think Trump’s new crypto scheme is a terrible idea. Also, an FTX crypto executive earns some benefit of the doubt, and a lawsuit accuses “Pharma Bro” Martin Shkreli of disrespecting the Wu-Tang Clan.
US prosecutors not mincing words in their reply to Ryan Salame’s filing, which they describe as a “shameless and self-serving attempt to renege on his guilty plea in the aftermath of his sentencing.”
They claim that the only representations made to Salame involved conclusions of investigations into his conduct, and they say that in a later meeting they explicitly told Salame’s lawyers that a guilty plea by Salame would not halt any investigations or prosecutions of his partner, Michelle Bond.
Convicted FTX executive Ryan Salame has filed a document in his case alleging that the US government has reneged on their (verbal) promise not to pursue campaign finance charges against his partner, Michelle Bond.
Bond was previously under investigation for campaign finance issues pertaining to her 2022 Congressional campaign in New York’s District 1.
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As parts of the crypto industry scramble to court the Harris administration with events like “Crypto4Harris”, others insist it is Harris who must “bend the knee”.
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Coinbase responds to campaign finance violation allegations, Trump panders to bitcoiners, and I chat with Lyn Alden about sexism in bitcoin.
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Actively involved in contract negotiations with a federal government agency, Coinbase was likely prohibited from making its $25 million contribution to the Fairshake crypto super PAC in May 2024.
