bankmanfried
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FTX FINALIZES #Robinhood’s SHARE TRANSACTION
📈#FTX. secured a deal involving $600 million in Robinhood shares with Emergent Technologies.
⭕FTX paid $14 million to settle Emergent’s claim for 55 million shares, streamlining Emergent’s #bankruptcy process in Antigua and reducing FTX’s legal challenges.The shares, originally linked to Sam #bankmanfried , were resold to Robinhood for $606 million.
A related court hearing is set for October 22.
(🌐Sources: #Cointelegraph )
📈#FTX. secured a deal involving $600 million in Robinhood shares with Emergent Technologies.
⭕FTX paid $14 million to settle Emergent’s claim for 55 million shares, streamlining Emergent’s #bankruptcy process in Antigua and reducing FTX’s legal challenges.The shares, originally linked to Sam #bankmanfried , were resold to Robinhood for $606 million.
A related court hearing is set for October 22.
(🌐Sources: #Cointelegraph )
Sam Bankman-Fried Appeals Fraud Conviction, Seeks New Trial
Former FTX CEO Sam Bankman-Fried is fighting back! He's filed an appeal requesting a new trial, citing bias and procedural violations ¹. His legal team argues that the court was more focused on securing headlines than ensuring a fair trial ¹.
Key Points:
- Bias and Procedural Violations: Bankman-Fried's lawyers accuse the court of bias and procedural violations, claiming these issues led to an unfair trial ¹.
- New Trial Requested: The former FTX CEO has requested a new trial, seeking a fresh start with a different court ¹.
- 102-Page Brief: Bankman-Fried's legal team filed a 102-page brief outlining their arguments for a new trial ².
- Judge's Behavior: The lawyers claim the judge frequently criticized and mocked Bankman-Fried during the trial, further supporting their bias argument ³.
Stay Tuned for Updates!
This is a developing story, and we'll keep you posted on any new developments. What are your thoughts on this latest twist? Share your comments below!
#FTXTrial #bankmanfried #BankmanFriedTrial #FinancialRegulation
Key Points:
- Bias and Procedural Violations: Bankman-Fried's lawyers accuse the court of bias and procedural violations, claiming these issues led to an unfair trial ¹.
- New Trial Requested: The former FTX CEO has requested a new trial, seeking a fresh start with a different court ¹.
- 102-Page Brief: Bankman-Fried's legal team filed a 102-page brief outlining their arguments for a new trial ².
- Judge's Behavior: The lawyers claim the judge frequently criticized and mocked Bankman-Fried during the trial, further supporting their bias argument ³.
Stay Tuned for Updates!
This is a developing story, and we'll keep you posted on any new developments. What are your thoughts on this latest twist? Share your comments below!
#FTXTrial #bankmanfried #BankmanFriedTrial #FinancialRegulation
