SBF Appeal and the Future of FTX: What It Means for the Crypto Community ✴️😱🔔👇👇

Key Points of the Appeal 🔥🔥

The judge’s decision to block Bankman-Fried from claiming that FTX customers can

recover funds through the bankruptcy process. 🩸

The judge ordered Bankman-Fried to sit for pretrial testimony,

a move the defense has called unprecedented and unfair. 🩸

Shapiro is calling for a new trial under a different judge, 🩸

noting that the integrity of the trial has been compromised. 🩸

Currently, FTX is in the final stages of bankruptcy proceedings, working to raise funds to pay off creditors. Under Ray’s leadership, the company has already recovered more than $7 billion in embezzled funds, which could be used to settle claims. These refunds have sparked discussions about the possibility of relaunching the platform. 🩸

FTX’s future plans include relaunching the exchange once the bankruptcy process is complete, with a new target in mind. If customers are fully or substantially refunded, there may be an opportunity for FTX to regain trust and attract users despite the many alternative platforms. 🩸

However, the relaunch of the exchange will depend on successfully concluding the bankruptcy proceedings, funding operational costs, and overcoming the ongoing reputational challenges from its collapse under SBF. 🔥🔥$FTT