Sam Bankman-Fried has forfeited approximately $1 billion in assets, including two private jets, significant political donations, and a major stake in Robinhood, following a court order. The forfeiture includes 55.2 million Robinhood shares, two aircraft, and various cryptocurrencies. Despite pleading not guilty to fraud charges, he was convicted and sentenced to 25 years in prison, with ongoing appeals regarding the trial’s fairness.
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0 posts last weekStock Futures Steady After S&P 500 Reaches Record High
Stock futures showed little movement following a record high for the S&P 500, which closed at 6,129.58 after gaining 0.24%. Despite strong earnings from Arista Networks, its shares fell 4%, while Bumble’s stock plummeted 18% due to disappointing guidance. Market resilience continues amid inflation concerns and trade policy uncertainties, with investors rotating into smaller-cap stocks.
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