2024

Solana

Step Finance

Bitcoin

<h4><strong><a href="https://www.nytimes.com/2024/02/27/technology/sam-bankman-fried-fraud-ftx.html" target="_blank" rel="noopener">Sources</a> say Bankman-Fried has recommended Solana, a crypto he once heavily supported, to guards at his jail pre-fraud conviction.</strong></h4> 
<p>Bankman-Fried’s fall from grace has been both dramatic and swift, capturing the attention of both the crypto world and the general public. However, his empire collapsed swiftly after fraud allegations, causing FTX’s bankruptcy and his arrest.</p> 
<h5><strong>Bankman-Fried’s Jailhouse Crypto Tips</strong></h5> 
<p>Despite the charges against him, it appears that Bankman-Fried’s belief in the potential of certain cryptocurrencies remains unshaken. His recommendations to buy Solana, even from the confines of a jail cell, indicate his continued involvement and interest in the crypto market. Solana had been one of the many projects that Bankman-Fried and his companies had heavily invested in and promoted before the scandal.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> BREAKING: Bankman-Fried (<a href="https://twitter.com/SBF_FTX?ref_src=twsrc%5Etfw">@SBF_FTX</a>) giving tips from jail to security guards to buy <a href="https://twitter.com/solana?ref_src=twsrc%5Etfw">@solana</a> – NewYork Times <a href="https://t.co/csvMiJ3gWD">pic.twitter.com/csvMiJ3gWD</a></p> 
 <p>— SolanaFloor | Powered by Step Finance (@SolanaFloor) <a href="https://twitter.com/SolanaFloor/status/1762723333580480995?ref_src=twsrc%5Etfw">February 28, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>The backdrop to these peculiar jailhouse tips is a broader story of legal and public relations maneuvering by Bankman-Fried’s supporters and legal team. They have been working tirelessly to mitigate the consequences of his actions, seeking a lenient sentence that would see him serve no more than 6.5 years in prison.</p> 
<h5><strong>More About SBF</strong></h5> 
<p>The case against Bankman-Fried has shed light on the darker sides of the crypto industry, raising questions about <a href="https://www.altcoinbuzz.io/?s=regulation" target="_blank" rel="noopener">regulation</a>, oversight, and the ethical responsibilities of those who lead it. As the legal proceedings continue, the crypto community and the public at large remain captivated by the developments in Bankman-Fried’s case, looking for lessons to be learned and justice to be served.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">Sam Bankman-Fried, ex-FTX chief, calls for a 'just' 5-6.5 year sentence vs. the harsh 100 years suggested by the PSR <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f3db.png" alt="🏛" class="wp-smiley" style="height: 1em; max-height: 1em;">. His team deems the longer term "grotesque." <a href="https://t.co/v98HEur1QJ">https://t.co/v98HEur1QJ</a><a href="https://twitter.com/hashtag/SBF?src=hash&amp;ref_src=twsrc%5Etfw">#SBF</a> <a href="https://twitter.com/hashtag/CryptoNews?src=hash&amp;ref_src=twsrc%5Etfw">#CryptoNews</a> <a href="https://twitter.com/hashtag/LegalNews?src=hash&amp;ref_src=twsrc%5Etfw">#LegalNews</a> <a href="https://t.co/Os6Et2W7nK">pic.twitter.com/Os6Et2W7nK</a></p> 
 <p>— 1ATH.Studio (@1ATHStudio) <a href="https://twitter.com/1ATHStudio/status/1762762311415280030?ref_src=twsrc%5Etfw">February 28, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>In essence, the story of Sam Bankman-Fried is a cautionary tale that highlights the volatile nature of the cryptocurrency market and the precarious position of those who seek to manipulate it.</p> 
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<p><strong>Disclaimer</strong><br> The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/bankman-fried-advises-on-crypto-from-jail-amid-legal-battle/">Bankman-Fried Advises on Crypto from Jail Amid Legal Battle</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Bankman-Fried Advises on Crypto from Jail Amid Legal Battle

Altcoin Buzz

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