SBF Likely To Get Lighter Sentence If Arrested, Predicts XRP Lawyer

SBF Likely To Get Lighter Sentence If Arrested, Predicts XRP Lawyer

Share

🤗 9/10 voted Fact

SBF Likely To Get Lighter Sentence If Arrested, Predicts XRP Lawyer

CoinGape2 months ago
XRPXRP
Published on November 26, 2022 08:53 GMT+00:00edited on November 26, 2022 17:31 GMT+00:00

Share

ftx crypto news SBF jail

Sam Bankman-Fried (SBF) led the FTX crash has caused a heavy dent in the digital asset market. As the FTX contagion is on a spread, the crypto community and leaders have called out watchdogs for letting SBF free till now. However, the XRP lawyer dropped his predictions over SBF’s possible arrest.

SBF’s FTX-BlockFi deal was a fraud?

John Deaton, XRP holders’ lawyer in the SEC vs Ripple lawsuit asserted that the FTX and BlockFi deal was also fraudulent. SBF made it a condition that funds to be held on FTX while he lend it out to his other company without permission. This directly constitutes theft.

This process was repeatedly done by SBF which establishes an intent. He misappropriated those funds to loan Alameda. However, he used the same funds for further acquisitions and …