FTXAuction
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🐶 **Insights into Sam Bankman-Fried's Prison Experience** 🐶
🔒 During his time behind bars, former FTX CEO Sam Bankman-Fried engaged in trading bags of rice, a form of currency within the prison system.
🍀 Embracing a vegetarian diet, he primarily consumed beans, resulting in an 11 kg weight loss.
👥 Sam shares confinement with 35 fellow inmates, half of whom have been convicted of serious crimes, including murder.
💬 Despite being sentenced to 25 years in prison on March 28, Sam has expressed remorse and is actively pursuing an appeal against the verdict.
#ETHETFS #SamBankmanFried #FTXAuction #BinanceLaunchpool
👍 React | 💬 Comment | ↪️ Share to spread awareness!
🔒 During his time behind bars, former FTX CEO Sam Bankman-Fried engaged in trading bags of rice, a form of currency within the prison system.
🍀 Embracing a vegetarian diet, he primarily consumed beans, resulting in an 11 kg weight loss.
👥 Sam shares confinement with 35 fellow inmates, half of whom have been convicted of serious crimes, including murder.
💬 Despite being sentenced to 25 years in prison on March 28, Sam has expressed remorse and is actively pursuing an appeal against the verdict.
#ETHETFS #SamBankmanFried #FTXAuction #BinanceLaunchpool
👍 React | 💬 Comment | ↪️ Share to spread awareness!
📉 Brace yourselves for the plummet, as SOL takes a nosedive and FTX ignites another auction frenzy for locked Solanas! 🔒💨 With a whopping 41 million SOL up for grabs, bidding wars are set to close on May 9th, unleashing these locked assets into the wild crypto frontier! 🛒💰 Hold onto your hats, as these tokens remain locked for a hefty 4-year stint, with staking rewards sprinkled along the way like hidden treasures! ⏳💸
FTX's rollercoaster ride to repay creditors has been nothing short of epic, raking in a jaw-dropping $1.7 billion in revenue from previous sales! 💰💼 From Galaxy Trading to Pantera, heavy hitters have been vying for SOL assets, with bids ranging from $85 to $110 per cryptocurrency! 💸💼 As the bidding war reaches its climax, SOL's price dances around last month's auction levels, leaving potential buyers on the edge of their seats! 🤔💼
But fear not, for amidst the chaos, FTX offers a glimmer of hope with refunds for creditors, promising a whopping 118% payout for 98% of them after court approval! 📈🤝 Strap in, crypto enthusiasts, for the saga of FTX's asset sales continues to unfold, promising thrills, spills, and perhaps a few surprises along the way! 🚀🌟 #FTXAuction #CryptoDrama #SOLAdventure 💼🔒
Follow | Like ❤️ | Quote 🔄 | Comment🙏
FTX's rollercoaster ride to repay creditors has been nothing short of epic, raking in a jaw-dropping $1.7 billion in revenue from previous sales! 💰💼 From Galaxy Trading to Pantera, heavy hitters have been vying for SOL assets, with bids ranging from $85 to $110 per cryptocurrency! 💸💼 As the bidding war reaches its climax, SOL's price dances around last month's auction levels, leaving potential buyers on the edge of their seats! 🤔💼
But fear not, for amidst the chaos, FTX offers a glimmer of hope with refunds for creditors, promising a whopping 118% payout for 98% of them after court approval! 📈🤝 Strap in, crypto enthusiasts, for the saga of FTX's asset sales continues to unfold, promising thrills, spills, and perhaps a few surprises along the way! 🚀🌟 #FTXAuction #CryptoDrama #SOLAdventure 💼🔒
Follow | Like ❤️ | Quote 🔄 | Comment🙏
📉 The drop in SOL is picking up speed as FTX kicks off another auction for locked Solanas! 🔒💨 In the third sale process of locked SOL assets, FTX is putting up approximately 41 million SOL for grabs, with bidding set to close on May 9. 🛒💰 These assets, locked for a period of 4 years, will be unleashed into the wild with staking rewards distributed according to a set schedule. ⏳💸
FTX's journey to repay creditors has been eventful, with previous sales netting them a staggering $1.7 billion in revenue! 💰💼 From Galaxy Trading to Pantera, big names have lined up to snag SOL assets at auction, with bids ranging from $85 to $110 per cryptocurrency. 💸💼
As the bidding period comes to a close, SOL's price seems to hover around last month's auction levels, maintaining the suspense for potential buyers. 🤔💼 Meanwhile, FTX's announcement of refunds for creditors brings a glimmer of hope, with 98% set to be paid at a rate of 118% after court approval. 📈🤝
Hold onto your seats, crypto enthusiasts, as the saga of FTX's asset sales continues to unfold! 🚀🌟 #FTXAuction #CryptoDrama #SOLAdventure 💼🔒
Follow | Like ❤️ | Quote 🔄 | Comment🙏
FTX's journey to repay creditors has been eventful, with previous sales netting them a staggering $1.7 billion in revenue! 💰💼 From Galaxy Trading to Pantera, big names have lined up to snag SOL assets at auction, with bids ranging from $85 to $110 per cryptocurrency. 💸💼
As the bidding period comes to a close, SOL's price seems to hover around last month's auction levels, maintaining the suspense for potential buyers. 🤔💼 Meanwhile, FTX's announcement of refunds for creditors brings a glimmer of hope, with 98% set to be paid at a rate of 118% after court approval. 📈🤝
Hold onto your seats, crypto enthusiasts, as the saga of FTX's asset sales continues to unfold! 🚀🌟 #FTXAuction #CryptoDrama #SOLAdventure 💼🔒
Follow | Like ❤️ | Quote 🔄 | Comment🙏
🔻🔻IMPORTANT DEVELOPMENTS🔻🔻
🔸Vladimir Putin bullish on #Crypto, signs law legalising #crypto mining in Russia 🇷🇺
🔸NYC judge ordered FTX and Alameda to pay $12.7 Billion to the creditors.
🔸#Bitcoin jumps by 25% from its recent $49,000 dip to $62,300.
🔸 Ripple won the case against the SEC and #XRP is not a security.
🔸We can soon witness Trump and Elon Musk discuss important issues on Monday Night.
#NYC #FTXAuction #Putin #XRPVictory #TONonBinance
🔸Vladimir Putin bullish on #Crypto, signs law legalising #crypto mining in Russia 🇷🇺
🔸NYC judge ordered FTX and Alameda to pay $12.7 Billion to the creditors.
🔸#Bitcoin jumps by 25% from its recent $49,000 dip to $62,300.
🔸 Ripple won the case against the SEC and #XRP is not a security.
🔸We can soon witness Trump and Elon Musk discuss important issues on Monday Night.
#NYC #FTXAuction #Putin #XRPVictory #TONonBinance
♦️𝗕𝗜𝗚𝗚𝗘𝗦𝗧 𝗦𝗛𝗢𝗥𝗧 𝗦𝗤𝗨𝗘𝗘𝗭𝗘 ♦️
$9,100,000,000 worth of shorts will get liquidated if #BTC hits $70,000
Rate cuts are coming, QE has started and #FTX distribution is coming which will bring massive liquidity.
#FTX. #Ftx❓ #FTXAuction #XRPVictory #MarketDownturn
$9,100,000,000 worth of shorts will get liquidated if #BTC hits $70,000
Rate cuts are coming, QE has started and #FTX distribution is coming which will bring massive liquidity.
#FTX. #Ftx❓ #FTXAuction #XRPVictory #MarketDownturn
FTX Founder Sam Bankman-Fried’s Family Accused Of $100M Illicit Political Donation 📌
Sam Bankman-Fried’s Family Accused Of Illegal Political Donation
Emails disclosed by The Wall Street Journal (WSJ) have brought to light the extensive involvement of SBF’s family in orchestrating these political contributions. Furthermore, an important point to note is that these donations were allegedly funded by misappropriated FTX customer assets.
Prosecutors asserted that Bankman-Fried orchestrated a sprawling influence campaign ahead of the 2022 election, leveraging stolen customer funds to the tune of over $100 million. The newly revealed emails suggest that key family members played pivotal roles in the scheme. These include SBF’s parents, Joe Bankman and Barbara Fried, along with his brother, Gabriel Bankman-Fried. They managed these funds and directed donations to various political causes and candidates.
Moreover, Joe Bankman, a Stanford University law professor, is accused of advising on financial strategies to facilitate these political donations. The WSJ reports that emails show Joe Bankman’s direct involvement in the illicit operations, indicating he was well aware of the illegal straw-donor scheme.
Barbara Fried, who co-founded the political action committee (PAC) Mind the Gap, allegedly used her position to channel funds towards progressive groups and initiatives. Meanwhile, Gabriel Bankman-Fried is accused of directing donations to pandemic prevention efforts. This coordinated effort to disperse funds across the political spectrum aimed to amplify their influence and support favored causes without drawing attention to the origin of the donations.
Former FTX Execs Also Involved
David Mason, ex-chairman of the Federal Election Commission (FCE), weighed in on the matter. Mason highlighted that the evidence presented in the emails constituted “strong evidence” of Joe Bankman’s knowledge and participation in the scheme.
#FTXAuction
Sam Bankman-Fried’s Family Accused Of Illegal Political Donation
Emails disclosed by The Wall Street Journal (WSJ) have brought to light the extensive involvement of SBF’s family in orchestrating these political contributions. Furthermore, an important point to note is that these donations were allegedly funded by misappropriated FTX customer assets.
Prosecutors asserted that Bankman-Fried orchestrated a sprawling influence campaign ahead of the 2022 election, leveraging stolen customer funds to the tune of over $100 million. The newly revealed emails suggest that key family members played pivotal roles in the scheme. These include SBF’s parents, Joe Bankman and Barbara Fried, along with his brother, Gabriel Bankman-Fried. They managed these funds and directed donations to various political causes and candidates.
Moreover, Joe Bankman, a Stanford University law professor, is accused of advising on financial strategies to facilitate these political donations. The WSJ reports that emails show Joe Bankman’s direct involvement in the illicit operations, indicating he was well aware of the illegal straw-donor scheme.
Barbara Fried, who co-founded the political action committee (PAC) Mind the Gap, allegedly used her position to channel funds towards progressive groups and initiatives. Meanwhile, Gabriel Bankman-Fried is accused of directing donations to pandemic prevention efforts. This coordinated effort to disperse funds across the political spectrum aimed to amplify their influence and support favored causes without drawing attention to the origin of the donations.
Former FTX Execs Also Involved
David Mason, ex-chairman of the Federal Election Commission (FCE), weighed in on the matter. Mason highlighted that the evidence presented in the emails constituted “strong evidence” of Joe Bankman’s knowledge and participation in the scheme.
#FTXAuction
This Week's Noteworthy Events(Aug.12, 2024-Aug.18, 2024)
Major Token Unlocks
The Sandbox (SAND) will unlock approximately 205.6 million tokens at 08:00 UTC on August 14, representing 9% of the current circulating supply, with an estimated value of $54.5 million.Arbitrum (ARB) will unlock approximately 92.65 million tokens at 13:00 UTC on August 16, representing 2.77% of the current circulating supply, with an estimated value of $53.4 million.
Trump: Scheduled Interview with Elon Musk This Monday Evening
According to Reuters, Republican presidential candidate Donald Trump has announced a major interview with Elon Musk, scheduled for the evening of August 12 (Monday). Trump shared this news on social media but provided no specific details.
Immutable to Shut Down Immutable X Marketplace on August 13
Immutable recently announced that it will shut down its Immutable X Marketplace on August 13, with a full cessation of operations on September 27. Initially launched to showcase the capabilities of the Immutable SDK, the focus will now shift to supporting third-party marketplaces instead of maintaining its own trading platform. However, users of the Immutable Marketplace do not need to take any additional steps for their assets, as all NFTs and tokens are stored on the blockchain and linked to users' wallet addresses, accessible across different markets using Immutable’s global order book.
Bybit to Terminate Services in France, All Remaining Open Positions to Be Closed by August 13
Crypto exchange Bybit will cease offering products or services in France. Starting from 08:00 (UTC) on August 2, French users will no longer be able to purchase any products, open new positions, or add to existing positions. All Bybit products, including Bybit Earn and all spot products, are included in the restriction. All remaining open positions held by French users will be closed after 08:00 (UTC) on August 13. After that, only withdrawals of assets and funds will be allowed. The difficulty for crypto companies to obtain licenses in France has increased as the EU’s Markets in Crypto-Assets (MiCA) regulatory framework is set to take full effect in December. Bybit stated in a press release last Thursday, “In light of recent regulatory developments from French regulators, Bybit will cease offering our products and services to French nationals and residents. We look forward to resuming services once we have obtained the appropriate licenses in the near future.”
Scroll to Implement Darwin Proof Recursion Upgrade on Testnet on August 14, Reducing Gas Fees by 34%
Scroll announced on X that it will implement the Darwin Proof Recursion upgrade on August 21, which will reduce gas fees by approximately 34%.
Through the Darwin hard fork, multiple batches of proofs will be bundled into a single validity proof, thereby reducing verification costs. Scroll will deploy this upgrade on the Scroll Sepolia testnet on August 14, followed by a deployment on the mainnet.
gm.ai: GM Set to Launch on August 14, Airdrop Expected to Begin 24 Hours Before Trading
gm.ai announced on the X platform that GM will launch on August 14. The official list of CEX/DEX, Launchpads, and partners will be gradually released this week. The airdrop for presale participants is expected to begin approximately 24 hours before trading. However, gm.ai’s founder Dexter mentioned that CEX has suggested postponing the launch this month due to market conditions, and the GM launch may be delayed again.
Optimism's Fifth Retroactive Public Goods Funding to Open on August 15, Allocating 8 Million OP
Optimism announced that its fifth Retroactive Public Goods Funding (Retro Funding 5: OP Stack) will open for applications on August 15, closing on August 29, with 8 million OP to be awarded to contributors to the OP Stack between October 2023 and August 2024. The review process for this round of applications will take place from August 30 to September 13, with voting from September 14 to September 28. The results will be announced and grants delivered on October 3. This round of funding will reward contributions to Ethereum core contributions, OP Stack research and development, and OP Stack tooling development.
OKX to Cease Services in Nigeria on August 16
In an email sent to Nigerian customers on July 17, OKX revealed that it would exit Nigeria and stop providing services to all Nigerian customers.
OKX cited "recent changes in local regulations" as the main reason for ceasing services in the country and specified August 16, 2024, as the deadline for users to access platform functions. After the deadline, Nigerian users will only be able to access the platform to withdraw funds or close positions.
FTX Initiates Next Phase of Liquidation Process, Customers Must Choose Bahamas or US Process by August 17 at 04:00
The liquidators of FTX Digital Markets Ltd. have initiated the next phase of the liquidation process. FTX.com customers must choose whether to participate in the official liquidation proceedings in the Bahamas ("Bahamas Process") or the Chapter 11 case in the US ("US Process") by 04:00 on August 17.
FTX Digital Markets' liquidators will host a Q&A session to help customers understand the selection process. The Q&A session is open to all FTX.com customers and does not require prior registration, with the first session held on July 31 at 19:00.
$SAND $ARB #TrumpCryptoSupport #FTXAuction
The Sandbox (SAND) will unlock approximately 205.6 million tokens at 08:00 UTC on August 14, representing 9% of the current circulating supply, with an estimated value of $54.5 million.Arbitrum (ARB) will unlock approximately 92.65 million tokens at 13:00 UTC on August 16, representing 2.77% of the current circulating supply, with an estimated value of $53.4 million.
Trump: Scheduled Interview with Elon Musk This Monday Evening
According to Reuters, Republican presidential candidate Donald Trump has announced a major interview with Elon Musk, scheduled for the evening of August 12 (Monday). Trump shared this news on social media but provided no specific details.
Immutable to Shut Down Immutable X Marketplace on August 13
Immutable recently announced that it will shut down its Immutable X Marketplace on August 13, with a full cessation of operations on September 27. Initially launched to showcase the capabilities of the Immutable SDK, the focus will now shift to supporting third-party marketplaces instead of maintaining its own trading platform. However, users of the Immutable Marketplace do not need to take any additional steps for their assets, as all NFTs and tokens are stored on the blockchain and linked to users' wallet addresses, accessible across different markets using Immutable’s global order book.
Bybit to Terminate Services in France, All Remaining Open Positions to Be Closed by August 13
Crypto exchange Bybit will cease offering products or services in France. Starting from 08:00 (UTC) on August 2, French users will no longer be able to purchase any products, open new positions, or add to existing positions. All Bybit products, including Bybit Earn and all spot products, are included in the restriction. All remaining open positions held by French users will be closed after 08:00 (UTC) on August 13. After that, only withdrawals of assets and funds will be allowed. The difficulty for crypto companies to obtain licenses in France has increased as the EU’s Markets in Crypto-Assets (MiCA) regulatory framework is set to take full effect in December. Bybit stated in a press release last Thursday, “In light of recent regulatory developments from French regulators, Bybit will cease offering our products and services to French nationals and residents. We look forward to resuming services once we have obtained the appropriate licenses in the near future.”
Scroll to Implement Darwin Proof Recursion Upgrade on Testnet on August 14, Reducing Gas Fees by 34%
Scroll announced on X that it will implement the Darwin Proof Recursion upgrade on August 21, which will reduce gas fees by approximately 34%.
Through the Darwin hard fork, multiple batches of proofs will be bundled into a single validity proof, thereby reducing verification costs. Scroll will deploy this upgrade on the Scroll Sepolia testnet on August 14, followed by a deployment on the mainnet.
gm.ai: GM Set to Launch on August 14, Airdrop Expected to Begin 24 Hours Before Trading
gm.ai announced on the X platform that GM will launch on August 14. The official list of CEX/DEX, Launchpads, and partners will be gradually released this week. The airdrop for presale participants is expected to begin approximately 24 hours before trading. However, gm.ai’s founder Dexter mentioned that CEX has suggested postponing the launch this month due to market conditions, and the GM launch may be delayed again.
Optimism's Fifth Retroactive Public Goods Funding to Open on August 15, Allocating 8 Million OP
Optimism announced that its fifth Retroactive Public Goods Funding (Retro Funding 5: OP Stack) will open for applications on August 15, closing on August 29, with 8 million OP to be awarded to contributors to the OP Stack between October 2023 and August 2024. The review process for this round of applications will take place from August 30 to September 13, with voting from September 14 to September 28. The results will be announced and grants delivered on October 3. This round of funding will reward contributions to Ethereum core contributions, OP Stack research and development, and OP Stack tooling development.
OKX to Cease Services in Nigeria on August 16
In an email sent to Nigerian customers on July 17, OKX revealed that it would exit Nigeria and stop providing services to all Nigerian customers.
OKX cited "recent changes in local regulations" as the main reason for ceasing services in the country and specified August 16, 2024, as the deadline for users to access platform functions. After the deadline, Nigerian users will only be able to access the platform to withdraw funds or close positions.
FTX Initiates Next Phase of Liquidation Process, Customers Must Choose Bahamas or US Process by August 17 at 04:00
The liquidators of FTX Digital Markets Ltd. have initiated the next phase of the liquidation process. FTX.com customers must choose whether to participate in the official liquidation proceedings in the Bahamas ("Bahamas Process") or the Chapter 11 case in the US ("US Process") by 04:00 on August 17.
FTX Digital Markets' liquidators will host a Q&A session to help customers understand the selection process. The Q&A session is open to all FTX.com customers and does not require prior registration, with the first session held on July 31 at 19:00.
$SAND $ARB #TrumpCryptoSupport #FTXAuction
