Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
FTX Creditors File Victim Impact Statements Ahead of Sam Bankman-Fried Sentencing

FTX Creditors File Victim Impact Statements Ahead of Sam Bankman-Fried Sentencing

CointimeCointime2024/03/19 05:45
By:Cointime

The Department of Justice has submitted numerous victim impact statements from FTX creditors in support of the sentencing memo for Sam Bankman-Fried. The statements reveal that the 2022 collapse of FTX has had a significant impact on the financial security and emotional well-being of its creditors. Some of the victims were unemployed due to health issues and relied on the funds they stored in FTX. The victim impact statements were filed just after the DOJ submitted its sentencing memorandum recommending that Bankman-Fried serve 40 to 50 years in prison for his conviction on seven different fraud and conspiracy charges. Bankman-Fried's sentencing is scheduled for March 28.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

'One of the most active times in history': Crypto industry digests Trump's memecoin, first days as president

Crypto exchanges had one of the most active periods in history leading up to Inauguration Day amid the launch of Trump’s official memecoin.Meanwhile, the industry is generally optimistic for growth under the new administration, though some regulatory concerns remain.

The Block2025/01/22 16:44