Cryptocurrency markets suffered a brutal week with nearly $300 billion wiped from total market capitalization. Bitcoin led the decline, dropping below $110,000 after Federal Reserve Chair Jerome Powell’s mixed signals on inflation spooked investors. The sell-off triggered massive liquidations and sent market sentiment to a five-month low, with altcoins like Ethereum and Dogecoin experiencing even steeper double-digit losses.
about Crypto Market Plunges $300B as Bitcoin Drops Below $110KSBF
0 posts last weekSBF’s ‘gm’ Tweet Sparks FTT Surge Amid Prison Rules
A cryptic two-letter tweet from Sam Bankman-Fried’s verified X account sent shockwaves through cryptocurrency markets Tuesday evening, triggering a 32% surge in the price of FTX’s native FTT token despite the former CEO serving a 25-year federal prison sentence where internet access is strictly prohibited. The mysterious ‘gm’ post coincided with major developments in the FTX bankruptcy case, including a $1.1 billion lawsuit against Genesis Digital Assets and plans to distribute $1.6 billion to creditors by September 30, creating a perfect storm of speculation and regulatory questions.
about SBF's 'gm' Tweet Sparks FTT Surge Amid Prison RulesFTX Trust Sues to Recover $1.15B from Crypto Miner GDA
The FTX Recovery Trust has launched a major lawsuit seeking to reclaim over $1 billion allegedly misdirected by former CEO Sam Bankman-Fried. The complaint targets crypto mining firm Genesis Digital Assets and its founders, alleging the funds were part of Bankman-Fried’s fraud scheme. This marks one of the largest clawback attempts in the ongoing FTX bankruptcy saga.
about FTX Trust Sues to Recover $1.15B from Crypto Miner GDACZ Seeks Dismissal of $1.76B FTX Lawsuit Over Jurisdiction
Changpeng Zhao (CZ), former Binance CEO, is challenging a $1.76 billion lawsuit filed by the FTX bankruptcy trust, asserting that U.S. courts lack jurisdiction since he lives in the UAE. The lawsuit, filed in November 2024, accuses CZ, Binance, and former executives of receiving misappropriated funds from FTX founder Sam Bankman-Fried (SBF) during a 2021 equity buyback deal. CZ’s legal team argues the transactions involved offshore entities, placing them beyond U.S. bankruptcy laws, and claims he was minimally involved. The filing also disputes the validity of serving legal papers to a foreign defendant. Meanwhile, former Binance executives are also seeking dismissal, and FTX plans to distribute another round of creditor repayments by September 2025.
about CZ Seeks Dismissal of $1.76B FTX Lawsuit Over JurisdictionSBF Moved to Low-Security Prison Amid Fraud Conviction
Sam Bankman-Fried, the convicted co-founder of collapsed cryptocurrency exchange FTX, has been moved from a medium-security prison to the low-security Terminal Island federal correctional institution in California. Legal experts suggest the transfer may be due to his non-violent record, though his alleged autism likely played no role. The new facility, which houses other white-collar criminals, offers improved conditions and safety, but raises broader questions about disparities in the U.S. prison system for non-violent offenders. Bankman-Fried’s appeal timeline remains unaffected, but the move highlights systemic issues in inmate treatment.
about SBF Moved to Low-Security Prison Amid Fraud ConvictionSBF Transferred to Low-Security Prison Terminal Island
Sam Bankman-Fried, the disgraced co-founder of FTX, has been transferred to the low-security Federal Correctional Institution Terminal Island in Los Angeles after a short stint at the notoriously violent Victorville prison. Terminal Island, known for housing white-collar criminals, offers better conditions, including access to a law library, wellness programs, and vocational training. Bankman-Fried, sentenced to 25 years for defrauding FTX users, is reportedly seeking a pardon from former President Donald Trump while his legal team appeals his conviction. The move comes amid a shift in crypto regulation under the Trump administration and concerns over his safety due to his autism and lack of prior criminal history.
about SBF Transferred to Low-Security Prison Terminal IslandSBF Moved to Notorious Victorville Prison Post-Sentencing
Sam Bankman-Fried (SBF), the ex-CEO of collapsed crypto exchange FTX, has been relocated to Victorville Medium II, a federal prison in California, after being sentenced to 25 years for misappropriating over $8 billion in customer funds. The facility, nicknamed ‘Victimville,’ is notorious for gang violence and rigid inmate structures, marking a stark contrast to his previous holding in Brooklyn. While his legal team sought to keep him in New York for appeal proceedings, the transfer aligns with the sentencing judge’s recommendation to place him closer to his Bay Area-based parents. SBF’s recent unauthorized interview with Tucker Carlson further highlighted his unpredictable behavior and shifting political allegiances.
about SBF Moved to Notorious Victorville Prison Post-SentencingSBF Breaks Silence Sparking Brief Surge in FTX Token Price
Sam Bankman-Fried, the former CEO of FTX, broke his silence after two years, leading to a brief surge in the price of the FTT token, which climbed above $2. In a ten-part thread on X, he discussed layoffs, emphasizing that terminations often stem from mismanagement rather than employee fault. His comments coincided with recent government downsizing rhetoric, and while the token’s price spiked, it quickly settled back down, reflecting ongoing volatility in the crypto market.
about SBF Breaks Silence Sparking Brief Surge in FTX Token PriceSam Bankman-Fried Returns to Social Media as FTT Token Surges
Sam Bankman-Fried, founder of the bankrupt FTX exchange, made his first social media post in two years, discussing recent U.S. job cuts and expressing sympathy for affected workers. Following his remarks, the FTT token surged by 29% before declining. Bankman-Fried, sentenced to 25 years in prison for fraud, has filed an appeal for a new trial.
about Sam Bankman-Fried Returns to Social Media as FTT Token SurgesGemini Settles CFTC Case with Five Million Dollar Fine
Gemini, founded by the Winklevoss twins, has settled with the CFTC, paying a $5 million fine without admitting to misleading the regulator regarding Bitcoin price manipulation. The twins, who have criticized the CFTC and supported pro-crypto candidates, may complicate efforts to shift crypto regulation from the SEC to the CFTC. Despite the settlement, their ongoing criticisms suggest lingering tensions within the pro-crypto community.
about Gemini Settles CFTC Case with Five Million Dollar Fine