Federal prosecutors are urging a judge to impose the maximum 12-year prison sentence on Terra founder Do Kwon for his role in the $40 billion collapse of the UST and LUNA cryptocurrencies. The Department of Justice argues that a lighter sentence would create unfair disparities compared to the 25-year term given to FTX’s Sam Bankman-Fried. Kwon’s sentencing is scheduled for December 11 in Manhattan.
about DOJ Seeks 12-Year Prison Sentence for Terra Founder Do KwonSam Bankman-Fried
0 posts last weekSam Bankman-Fried is the Co-Founder and ex-CEO of the fraudulent FTX/Alameda construct that collapsed in late 2022.
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about 10 Free Calculus Help Platforms for StudentsFTX Distributes $7.1B to Creditors, Next Payout Set for 2026
FTX has distributed approximately $7.1 billion across three payout rounds to creditors of the collapsed crypto exchange, marking significant progress in one of history’s largest cryptocurrency bankruptcies. The bankrupt estate expects to conduct its next distribution in January 2026, pending confirmation in December, while convicted founder Sam Bankman-Fried continues to challenge the official narrative from federal prison, creating ongoing controversy around the proceedings.
about FTX Distributes $7.1B to Creditors, Next Payout Set for 2026SBF Claims FTX Was Solvent, Faces Backlash Over Comments
Convicted FTX founder Sam Bankman-Fried has ignited fresh controversy by asserting the cryptocurrency exchange was never insolvent and blaming bankruptcy managers for destroying billions in value. His social media comments endorsing allegations of deliberate mismanagement by court-appointed CEO John J. Ray III triggered immediate backlash from investigators and venture capitalists who accused him of attempting to rewrite history. The online firestorm comes as Bankman-Fried’s legal team faces skepticism from appellate judges during hearings to overturn his fraud conviction.
about SBF Claims FTX Was Solvent, Faces Backlash Over CommentsSBF Appeals FTX Conviction, Claims Exchange Was Solvent
Sam Bankman-Fried is mounting a legal challenge to overturn his 25-year fraud conviction, with his legal team presenting arguments to the Second Circuit Court of Appeals that FTX was never actually insolvent. The former FTX CEO’s appeal contends the jury never saw evidence showing the exchange had sufficient assets to repay customers, arguing that SBF was ‘never presumed innocent’ from the outset. This appeal represents the first major challenge to the conviction that rocked the cryptocurrency world.
about SBF Appeals FTX Conviction, Claims Exchange Was SolventFed Rate Cuts Fail to Boost Crypto as Bitcoin Tumbles
Despite the Federal Reserve’s anticipated interest rate cut and positive trade developments between the US and China, cryptocurrency markets experienced significant volatility throughout the week. Bitcoin failed to sustain rallies above $116,000 while many altcoins posted substantial losses amid mixed market signals, highlighting the complex interplay between macroeconomic policy and digital asset performance.
about Fed Rate Cuts Fail to Boost Crypto as Bitcoin TumblesSBF Claims FTX Was Never Insolvent in Prison Post
From behind bars, convicted FTX founder Sam Bankman-Fried has reignited controversy through his long-dormant X account, posting a 14-page document claiming the collapsed cryptocurrency exchange was never insolvent. The unexpected prison manifesto recycles arguments rejected during his fraud trial while blaming external lawyers for creating a ‘liquidity crisis’ rather than acknowledging the $10 billion fraud that earned him a 25-year sentence. The crypto community immediately dismissed the claims as another attempt to rewrite history from prison.
about SBF Claims FTX Was Never Insolvent in Prison PostSBF’s X Account Claims FTX Was Never Insolvent
A document circulated through Sam Bankman-Fried’s X account presents a startling counter-narrative to the established facts of FTX’s collapse, claiming the crypto exchange was never insolvent but merely experienced a temporary liquidity crisis. The 14-page defense document, echoing arguments from Bankman-Fried’s criminal trial, alleges that external lawyers prematurely forced bankruptcy while the company was on track to resolve its financial challenges. These assertions directly contradict the jury’s 2023 fraud conviction that found Bankman-Fried misappropriated $10 billion in customer funds.
about SBF's X Account Claims FTX Was Never InsolventTrump Pardons CZ, Continues Crypto Clemency Trend
President Donald Trump’s October 21 pardon of former Binance executive Changpeng ‘CZ’ Zhao represents the latest escalation in a controversial pattern of clemency for convicted cryptocurrency industry figures. This marks the sixth major crypto pardon since Trump took office, fulfilling his campaign promise to reverse course on crypto enforcement policies while citing ‘lawfare’ from the Biden administration as justification. The growing list of beneficiaries now includes Silk Road founder Ross Ulbricht and four BitMEX executives, signaling a fundamental shift in federal approach to cryptocurrency regulation and enforcement that has encouraged other imprisoned figures like former FTX CEO Sam Bankman-Fried to seek similar relief.
about Trump Pardons CZ, Continues Crypto Clemency TrendUS Senator Brown Floats Crypto Ban Over Security Concerns
U.S. Senator Sherrod Brown, Chairman of the Senate Banking Committee, has raised the possibility of banning cryptocurrencies, labeling them as ‘dangerous’ and a ‘threat to national security.’ His comments reflect growing regulatory pressure on digital assets following the FTX collapse and highlight deepening political divisions over how to handle the $800 billion crypto market.
about US Senator Brown Floats Crypto Ban Over Security Concerns