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Jailed FTX Founder SBF Tweets and FTT Token Surges by 30%

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  • Sam Bankman-Fried returned to social media after 767 days, surprising the crypto community.
  • His post on X caused a 30 percent surge in the FTT token before it quickly dropped.
  • Investors speculated whether he was posting himself or if someone managed his account.

Sam Bankman-Fried, the former CEO of the now-defunct FTX exchange, returned to social media after 767 days. His unexpected presence on X led to a brief surge in FTT, the native token of FTX, which jumped by 30%. The token quickly dropped after the initial spike, raising speculation about his online activity and its influence on the market.

FTX Token FTT Surges Briefly After SBF Posts

FTT, the digital asset tied to FTX, saw a significant price movement following Bankman-Fried’s social media posts. The token rose from approximately $1.60 to $2.07 before declining to $1.78. FTT traded at $1.73 at press time, reflecting volatile market reactions.

Crypto traders reacted quickly, pushing the price higher before profit-taking led to a pullback. Despite the exchange’s collapse, the brief spike highlighted ongoing interest in FTX-related assets. Market observers questioned whether the rally was due to speculation or genuine optimism about FTX’s future.

Investors speculated that Bankman-Fried’s unexpected online presence contributed to the short-term surge. Some questioned whether he was posting or if someone managed his account. Concerns over security and communication restrictions in prison added to the uncertainty surrounding his activity.

SBF’s Social Media Posts and Speculation Over Online Activity

Sam Bankman-Fried posted a thread on X discussing recent U.S. federal layoffs, drawing comparisons to corporate job cuts. He sympathized with affected employees and stated that layoffs often occur despite an individual’s performance. His remarks sparked discussions about his ability to post from prison and who might handle his account.

A source familiar with the situation stated that Bankman-Fried does not have direct access to social media. He can, however, communicate externally through the Corrlinks system, which allows prisoners to send messages. His return to X after two years led to speculation over whether he was speaking freely or through an intermediary.

Observers noted that his statements aligned with recent political shifts, including his criticisms of the Democratic Party. He praised Republican crypto policies and suggested that political motives influenced his trial. These comments added to the growing debate about his legal case and potential clemency efforts.

Legal Battle and Efforts for Clemency

Bankman-Fried has been serving a 25-year sentence since March 2024, with an $11 billion fine. Authorities found him guilty of misusing FTX customer funds to support risky trades through a sister company. His conviction led to one of the largest financial scandals in crypto history.

His parents have sought clemency from former President Donald Trump. Their efforts follow the recent unconditional pardon of Ross Ulbricht, a controversial figure in the crypto community. Despite his high-profile fraud case, the clemency request sparked debates on whether Bankman-Fried could receive leniency.

His trial and conviction remain a subject of political and legal scrutiny. Supporters argue that he faced an unfair trial, while critics believe his punishment was justified. As discussions continue, his online activity adds another layer of intrigue to his ongoing legal battle.

FTX Token (FTT) Volatility: Bankman-Fried’s Post Pushes Price, Then Fades Quickly

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  • FTX Token (FTT) surged 30% on February 25, 2025, after Sam Bankman-Fried returned to social media for the first time in two years.
  • Bankman-Fried’s post on employee layoffs sparked brief interest, pushing FTT’s price up from $1.63 to over $2 before quickly falling back.
  • FTT remains down over 97% from its all-time high of $85.02, reflecting the lasting impact of FTX’s 2022 collapse and Bankman-Fried’s fraud conviction.

FTX Token (FTT) went up by 30% on February 25, 2025, following the return of its former CEO, Sam Bankman-Fried (SBF), to social media, after two years of his absence. The X post was made months after Bankman-Fried was handed a 25-year jail term for his involvement in the FTX case. 

Volatility of FTX Token

In his post, Bankman-Fried raised the issue of how employers have a hard time letting go of their employees. He said it was among the most difficult challenges that aérogeologist could face as a leader. He also empathized with the government workers saying he had not looked at his email for email for ‘a few hundred days. These highlighted more on the human side of the business and the procedures and troubles that entail layoff of employees.

The post did not directly concern FTX or the crypto sector. It was favorable to some extent for its popularity caused FTT’s price to increase following its successful launch. The token surged from $1.63 to well over $2 in a short time, which means that its value grew by 30%, as posted on CoinMarketCap. This rally however was short lived. 30 minutes later, however, they fell back to around $1.75 proving that this token is slightly volatile. As of press time, FTX token trading at $1.69, showing a 1.69% decline over the past day.

Source: TradingView

FTT has rise significantly in recent years though in the overall context it has been observed that there has been general decrease over the years. The token is, however, down by over 97% from its record high of $85.02 recorded in September 2021.

 This sharp sell-off occurred when the FTX exchange crashed in November 2022, after the revelation of the fraud by those in charge of the company. FTT has traded lower ever since signifying the potential effect the scandal has on the crypto markets.

Legal Troubles and Pardon Effort

The last activity registered on the social media platform belonged to Bankman-Fried was in January of 2023, when he posted details about his upcoming congressional hearing. Since then, he rarely appeared and his legal battles are what defined him more lately.

In November 2023, Bankman-Fried was found guilty of seven charges of fraud, wire fraud, securities fraud, and commodities fraud. The was convicted in March 2024, to 25 years of imprisonment, and is presently incarcerated at the Brooklyn Metropolitan Detention Center. 

However, in January of 2025, records emerged that his parents, Joseph Bankman and Barbara Fried, have sought the presidential pardon. According to the source, the two allegedly speak with their lawyers and individuals linked to Trump’s team.

Cardano News: SOL Holders Are Switching To ADA and RTX As Fears Grow Over $2B FTX Unlock

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The crypto community shows strong interest in Cardano News which reveals Solana (SOL) investors moving their funds to Cardano (ADA) and the emerging Defi project, Remittix (RTX).

The upcoming $2 billion FTX unlock event has created anxiety among investors because it could lead to substantial SOL supply entering the market which might result in SOL price declines. 

The crypto world needs to understand the reasons behind this market transition and how Remittix might become the next major crypto asset.

Cardano News Today: Cardano Strikes Deal with Globant, ADA Hits $0.80

Latest Cardano news shows strong interest in Cardano’s (ADA) partnership with Globant because it has caused ADA prices to rise to $0.80. The strategic alliance represents a major advancement for Cardano as it would strengthen ADA’s development capabilities.

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Cardano news outlets remain curious about who Cardano founder Charles Hoskinson will meet with on March 1. The crypto community discusses Elon Musk and David Sacks but they should remember that Hoskinson’s previous predictions including the Chainlink deal did not materialize.

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Experts indicate that Cardano finished its second Elliott Wave pattern phase before entering an extremely bullish third phase. The ongoing price trend suggests that the next price target could reach $2 which represents a 155% increase from the current value. The Cardano Whales track Cardano news and signals intensely because they believe the Globant deal alongside VIP potential backing will boost the token toward its ambitious $2 price target.

Solana Is Navigating Through Hard Times 

Solana stands out in the crypto world because it provides fast, cheap transaction processing which draws both DeFi enthusiasts and NFT collectors. SOL’s price has declined to $180 while the market experienced a 9% drop during the time when FTX users were set to receive their assets. The upcoming FTX unlock would release substantial SOL into the market which would then drive investors toward Cardano and Remittix as well as other safe alternatives.

AD 4nXetPET8Kmyv96LzIwIiYjsv1BUVNP1G2tmDl67dd8bhItThe Solana price experienced a bearish shift when it fell to $180 support levels. The crypto community has often had a positive outlook on Solana (SOL) yet recent market developments indicate a bearish trend. 

SOL entered a downward trend after its inability to sustain support at $180 which indicates potential price drops. Market analysts monitor SOL price movements because the current bearish trend could push the token value to $155 if it continues.

The negative price movement has created a positive sign through investor actions. Recent SOL transaction data shows $115 million in outflows which indicates that long-term holders may be purchasing SOL at lower prices to potentially create conditions for future price growth.

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The price of SOL stands at $177 while experiencing a 6% decrease throughout the past 24 hours. The trading volume has surged by 110% because market participants show increased activity during these price movements. The upcoming price movements of SOL will depend on the performance at $155 and $174.3. Solana’s market position will become clear during the upcoming days.

Remittix Is New PayFi Crypto on the Block in 2025’s ICO Scene

While we’re all caught up with Cardano news and Solana price predictions, Remittix is quietly making waves, having raised over $12.2 million and selling more than 460 million tokens in its presale. Remittix is all about PayFi, aiming to solve real headaches with international money transfers. With Remittix, Individuals and businesses just use a special address to turn their crypto into cash, which then lands in the recipient’s bank like any other deposit, cutting out the middleman and the costs.

Remittix also supports fiat to crypto transactions. Remittix isn’t just about speed; it’s about safety too. They’ve locked up their liquidity pools, and their smart contracts have been thoroughly checked. Plus, their upcoming Remittix Pay API will let businesses and freelancers accept crypto but settle in local currency, which is a big deal for those wanting to use crypto in everyday life.

With partnerships like Globant and whispers of AI integration, Cardano seems set for another growth spurt. The excitement around this VIP meeting and Cardano’s tech achievements are keeping the momentum going, though some analysts are still wary of too much hype.

Meanwhile, Remittix’s strong presale numbers show it’s not just another coin; it’s a contender to make everyday crypto payments a reality, possibly even giving established players like XRP a run for their money. This practical approach is something Cardano’s whales appreciate when thinking about where blockchain tech is heading.

Discover the future of PayFi with Remittix by checking out their presale here:

Website: https://remittix.io/

Socials: https://linktr.ee/remittix

FTX Bankruptcy Saga: How 11.2 Million SOL Tokens Will Impact Solana’s Market

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  • FTX’s bankruptcy saga intensifies as 11.2 million SOL tokens worth $2.06 billion are set to be unlocked on March 1st.
  • Three auctions sold 41 million SOL, with Galaxy leading at 25.52 million SOL, yielding a 187% return.
  • The final 11.2 million SOL unlock could spark more volatility in the Solana market, impacting FTX’s restructuring.

The FTX Bankruptcy saga takes the next twist as 11.2 million SOLs, worth $2.06 billion, are about to be unlocked. This will happen on 1st March, following the sale of SOL tokens in previous auctions that have caused quite a stir within the crypto industry.

FTX’s SOL Auction Success

SOL tokens linked to the Solana platform have emerged as the focus of assets to be sold off at FTX trading platform. Three successful auctions were conducted and the total volume of exactly forty-one million SOL was sold, and some institutional investors appeared in an attempt to get as much as they could. These auctions have help creditors of FTX obtain liquidity and increase great volatility by the Solana market.

The latest round saw Galaxy emerging the biggest buyer after buying 25.52 million SOL at an average of $64. At the current market value of SOL, Galaxy made an astonishing return of 187% and that could simply be attributed to the high-risk investments characteristic, of such sales.

The second largest single purchase was of 13.67 million SOL acquired from Pantera Capital and other clients at $95. This acquisition may offer a lower return rate compared to Galaxy at 93%, however, their confidence in Solana’s market growth is still high.

Figure and other buyers also remained in third place buying 1.8 million SOL with an average price of $102. Their return rate is at 80%, due to high volume risk rewards caught by those that have engaged in high crypto acquisitions as FTX collapsed.

Solana’s Market Outlook 

The final 11.2 million tokens would be unlocked in a few weeks, and this may cause more fluctuations in Solana’s market. While some may see this as a chance to strengthen their presence in SOL, many will be observing closely to see how it affects the restructuring process of FTX .

While it is still a challenging experience learning from it, these cryptocurrencies remain a significant concern to creditors, investors, and analysts. Such a high-profile auction has the potential to draw more attention to this industry as well as have a profound impact on the whole crypto market.

FTX Creditors Await Payouts: What’s Next for Claims Under $50,000?

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  • FTX begins payouts for creditors with claims under $50,000, aiming for full distribution by February 18, 2025.
  • Bitgo and Kraken will handle the payments on FTX’s behalf, ensuring funds are processed efficiently and quickly.
  • Unverified claims and KYC issues pose delays, but FTX is committed to overcoming these challenges and delivering payouts.

FTX has formally commenced creditors that have claims of $50,000 or less to receive a payout soon. The company intends to distribute such funds on February 18, 2025, which would be an important stage in the bankruptcy process. These will be processed through the collaboration of Bitgo and Kraken.

FTX’s Commitment to Creditors

The action was taken after a long time of ambiguity for the creditors after the firm’s failure. This has led to doubts regarding whether people would be able to get their money back after FTX’s bankruptcy. However, the company stated that it will use its best efforts to ensure the funds will be returned to creditors as soon as possible from other sources, although exchange will not make the payments. Consequently, Bitgo and Kraken will oversee the distribution undertakings for and on behalf of FTX.

Bitgo and Kraken have received the first distribution funds and are now willing to accept the claims. The companies are ready to pay fundamentally and effectively as a result, exchange stated that they will ensure to provide funds to the creditors in the shortest time possible.

However, some creditors have been skeptical about this indicating some of their claims are invalid. There is still a possibility to challenge the claims in the claims portal which has already been done by several users with regard to the authenticity and accuracy of the data provided by FTX. These cases give the impression of the difficulties exchange has in sorting out the cases while ensuring that any creditor receives the correct amount.

Challenges in Claims Processing

The first limitation is the absence of the Know Your Customer (KYC) address verification that creates another complication. The claims data on FTX’s portal shows that, currently, there are unverified claims amounting to just over $345 million, which means that the payments on any of these could be either slowed or complicated by KYC checks.

Most of these challenges are well known by exchange and the company is trying to combat them in the best way possible. Nevertheless, there are certain challenges which deserve attention of the company only to proceed to claims processing and distribution of the funds among the creditors. However, it is a time-consuming process, and exchange intends to achieve the distribution by February 2025 and do it fairly and rather openly.

Historic FTX Recovery: 9% Interest Boost Awaits Early 2025 Claimants

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  • FTX to repay creditors starting February 2025, distributing $12 billion in Q1.
  • Initial payouts target claims under $50,000, managed by the FTX Recovery Trust.
  • Repayments include 9% annual interest, boosting creditor recoveries.

FTX, the embattled crypto exchange, will begin repaying its creditors in February 2025 as part of the plan to distribute $12 billion in the first quarter of the year. The distributions will first focus on claims under $50,000, marked under the convenience class in the Chapter 11 plan. The exchange’s Recovery Trust will oversee the payouts, scheduled to begin on February 18, 2025.

As per the official post, creditors must meet specific pre-distribution requirements to be eligible for the initial round of repayments. FTX plans to distribute funds through established cryptocurrency platforms BitGo and Kraken. The company anticipates processing these initial payments by March 4, 2025.

Notably, the repayments will include 9% annual interest calculated from November 11, 2022, benefiting creditors due to the increased value of FTX’s crypto holdings since the 2022 bankruptcy. The court approved FTX’s Chapter 11 plan, which took effect on January 3, 2025, marking a crucial milestone in the exchange’s recovery process.

FTX token FTT Breakout Signals Potential Run to $4.00

In related market analysis, FTT, is currently trading around $1.94. Analysts suggest a potential upside of at least 40%, based on analyzing positive technical indicators.

The daily MACD indicator shows a bullish divergence. This positive price action coincides with the news of upcoming creditor repayments, further bolstering market sentiment surrounding FTX.

$FTT Brothers, here is another spot code. The current price of FTT is around 1.94, so we can directly enter the spot market. Based on this, there is at least 40% room for upward movement. There are two points here. First, from the market point of view, the daily MACD has been running in double lines below the zero axis for a period of time. Second, the SLDJ also formed a golden cross at a low level near 20 and showed an upward trend.

FTX
Source: Kavin Sam

Lastly, FTT has broken through the upper border of a falling wedge on the 4-hour chart, signaling a potential bullish trend reversal. Eyes on a move toward $4.00.

LayerZero Secures Settlement with FTX Estate After Two Years of Intense Legal Battles

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  • LayerZero settles legal battle with FTX estate, returning original repurchase amount.
  • ZRO token jumps 8% after LayerZero resolves 2-year legal dispute with FTX bankruptcy.
  • After legal settlement, LayerZero focuses on expanding its omnichain interoperability network.

After more than two years of legal litigation, LayerZero Labs settled with the FTX estate. This implies the conclusion of the legal dispute initiated in 2023 by the FTX estate, which aimed to regain over $86 million from the interoperation protocol. Bryan Pellegrino the co-founder and CEO of LayerZero, officially confirmed the settlement on social media platform X.

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LayerZero Secures Settlement with FTX Estate After Two Years of Intense Legal Battles 8

Background of the Legal Dispute

This legal dispute arose from several transactions between LayerZero Labs and Alameda Research, a company affiliated with FTX. Alameda Ventures had provided substantial funds to LayerZero before FTX’s downfall, including a $45 million loan that was forgiven in exchange for a repurchase agreement for equity.

When FTX collapsed in November 2022, an effort was made by LayerZero to purchase back the stake from Alameda but was met with backlash from the FTX estate. They said these transactions took place while Alameda was low on cash, stating that any pledges during insolvency were fraudulent. Additionally, the FTX estate stated that LayerZero sought to take advantage of the financial troubles that befell Alameda Research.

Accordingly, LayerZero has agreed to pay a sum of money to the original repurchase amount into the bankruptcy estate. The company said the settlement would enable it to achieve that growth without subjecting it to legal issues surrounding it for the last two years.

Financial and Operational Impact of the Settlement

The dispute resolution removes a significant obstacle for LayerZero as it continues to search for ways to extend its omnichain platforms. LayerZero remains a company with a special focus on blockchain interoperability, which was considered crucial for the company’s evolution. The company has made great progress in connecting numerous blockchain networks, enhancing its role in decentralized finance and the DeFi ecosystem.

Pellegrino expressed his relief, saying that the legal case had drained their financial resources and cost the lawyers millions. With this conflict resolved the company can refocus on enhancing its offerings and continuances. The price of LayerZero’s ZRO token rose by more than 8%, reflecting the positive market response to the settlement news.

Aside from the legal settlement, FTX has also begun paying creditors with claims of less than $50,000—primarily to keep funds flowing. That is part of efforts to resolve FTX’s collapse and ensure FTX’s creditors get their dues. LayerZero successfully overcame the financial and legal hurdles and is assured to follow its growth course in the blockchain space.

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FTX Kicks Off $1.2B Repayment Plan: Convenience Creditors Get 119% Back

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FTX has initiated its customer repayment process, prioritizing convenience class creditors with claims under $50,000. The reorganization plan was officially launched on January 3 and aimed to address investor losses from the November 2022 bankruptcy. This phase is critical in the estate’s efforts to settle approved claims.

The convenience class creditors must fulfill pre-distribution requirements by January 20 to secure initial repayments. These steps include meeting KYC criteria, submitting tax forms, and selecting a distribution service provider. Eligible claimants who miss this deadline will receive payments in later rounds.

FTX intends to distribute $1.2 billion to this group over 60 days. Convenience class creditors will receive 119% of their asset value from the bankruptcy filing date. The process will utilize Kraken and BitGo as the approved withdrawal service providers.

Repayment Details for Convenience Class

The repayment phase offers creditors options to withdraw funds in US dollars or convert claims to cryptocurrencies. Claimants choosing these options must meet all requirements to qualify for the initial distribution. Non-compliant creditors will automatically be included in future repayment rounds.

The convenience class is a pivotal group in the reorganization plan due to its manageable claim sizes. This category ensures streamlined payments, helping creditors regain access to their assets quickly. The plan demonstrates the estate’s effort to provide clarity and fairness in repayment.

The 60-day repayment period begins shortly, signaling progress in the lengthy bankruptcy proceedings. FTX’s strategy emphasizes transparency and compliance, which could rebuild trust among affected investors. Future updates on other creditor classes remain pending.

FTX Prepares for Broader Creditor Payments

While convenience class repayments progress, details about other creditor classes remain unavailable. The estate has raised over $14 billion to fund the reimbursement process. These funds are part of FTX’s commitment to compensate all users affected by the bankruptcy fully.

The estate’s reorganization efforts prioritize fairness and efficiency in addressing the claims of various creditor groups. After the convenience class, the focus will shift to more significant claims and additional categories. Updates will follow as the estate advances through the repayment process.

FTX’s repayment strategy marks a significant milestone in resolving the fallout from its collapse. The reorganization team remains committed to fulfilling its obligations to all affected parties. This stage lays the groundwork for broader financial recovery efforts.

Celsius Fights Back: Appeals Court’s $444M Ruling in Heated FTX Battle

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Celsius has filed an appeal against a court ruling that denied its $444 million claim in the FTX bankruptcy case. The defunct crypto lender disputes the decision, which dismissed its damages claims and preferential transfer allegations. The appeal adds another layer to the two firms’ ongoing bankruptcy battle.

Court Ruling Dismisses Celsius’s Claims

In December, a U.S. judge dismissed Celsius’s claims for damages and preferential transfers against FTX. The court found that Celsius’s initial filing lacked sufficient detail to support the preferential transfer claim. Furthermore, the judge ruled that Celsius’s attempt to amend its claims in July 2024 was procedurally improper.

Celsius’s revised claims faced rejection because they were untimely and disrupted FTX’s reorganization process. The court also noted that Celsius provided no valid justification for the delayed filing. These rulings significantly weakened Celsius’s efforts to recover the contested funds.

Celsius has made substantial payouts to creditors as part of its bankruptcy resolution efforts. By August, the company distributed over $2.53 billion to 251,000 creditors, covering 93% of the total claim value. In November, Celsius announced an additional $127 million payout, addressing 60% of outstanding claims.

These payments aimed to restore confidence among creditors despite the firm’s ongoing legal battles. However, the company’s bankruptcy challenges persist, with the appeal against FTX adding complexity to its financial recovery.

Mashinsky Guilty Plea Clouds Celsius Recovery Plan

Celsius founder Alex Mashinsky pleaded guilty in December to fraud and market manipulation charges related to the Celsius token. He faces a maximum 20-year sentence, with sentencing scheduled for April 2025. The charges have cast a shadow over the company’s recovery efforts.

Mashinsky’s legal troubles, coupled with the firm’s appeal against FTX, highlight the extent of Celsius’s struggles. The appeal’s outcome will likely influence the broader trajectory of Celsius’s bankruptcy resolution.

Salame’s Sentence Reduced: Outrage Over Unequal Justice in FTX Scandal

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According to recent updates, Ryan Salame, a former executive of FTX, had his prison sentence reduced by one year. Initially serving over seven years, his revised sentence now stands at just over six and a half years. The adjustment follows his October incarceration at a federal facility in Cumberland, Maryland.

FTX Executive Ryan Salame Gets Sentence Reduction

Federal prison policies allow sentence reductions for inmates demonstrating good behavior while serving their terms. Salame benefited from these provisions, leading to a shorter sentence. This adjustment marks a significant development in his case, given the high-profile nature of FTX’s collapse.

As the former CEO of FTX Digital Markets, Salame pleaded guilty to charges of unlawful political contributions and operating an unlicensed business. Despite his cooperation, earlier claims about the prosecution raised concerns over the judicial process. Nevertheless, the sentence adjustment reflects standard federal practices rather than controversial interventions.

Ryan Salame’s Guilty Plea Withdrawal Raises Concerns

Salame’s case faced additional scrutiny after he attempted to withdraw his guilty plea earlier this year. He alleged that federal prosecutors promised leniency for his partner, Michelle Bond, in exchange for cooperation. These claims raised perjury concerns during court proceedings by Judge Lewis A. Kaplan.

During his sentencing, Salame’s defense highlighted discrepancies in the judicial system, pointing to lighter sentences for other FTX executives. Critics noted that Caroline Ellison, a central figure in FTX’s operations, received a two-year sentence, sparking public debate. The varying outcomes for executives have drawn attention to broader systemic issues within the justice system.

FTX‘s collapse in November 2022 led to significant legal consequences for its top executives. While Salame and others faced prison time, some avoided additional sentencing. Nishad Singh and Gary Wang, key figures in FTX, were sentenced to time served, raising questions about the consistency of penalties.

FTX’s founder, Sam Bankman-Fried, received the harshest sentence of 25 years for orchestrating widespread financial fraud. The fallout continues to affect the cryptocurrency industry, highlighting the urgent need for stricter regulations and oversight. Salame’s reduced sentence adds another layer to the ongoing legal narrative surrounding FTX.