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The FTX token price dipped 4% in the last 24 hours to trade at $1.65 as of 02:33 a.m. EST on trading volume that skyrocketed 214% to $96 million. The drop in the FTT price came after a brief surge on Monday, which was fueled by Sam Bankman-Fried tweeting for the first time in two years. 1) I have a lot of sympathy for gov’t employees: I, too, have not checked my email for the past few (hundred) days And I can confirm that being unemployed is a lot less relaxing than it looks — SBF (@SBF_FTX) February 25, 2025 FTT is a token associated with FTX, the now-defunct crypto exchange Bankman-Fried founded. FTX Token Price Bearish Reversal Pattern Signals Further Downside The FTT price chart presents a significant bearish pattern—the Head and Shoulders formation. This pattern, marked by a left shoulder, head, and right shoulder, is widely recognized as a trend reversal signal, suggesting that the FTX token price could be heading lower after a prior uptrend. The neckl...

Sam Bankman-Fried’s parents are reportedly seeking a Presidential pardon for him from Donald Trump, a Bloomberg report says. Stanford Law School Professors Joseph Bankman and Barbara Fried reportedly had meetings in recent weeks with lawyers and other figures considered to be in Trump’s orbit about clemency for their son, Bloomberg reports. JUST IN: Sam Bankman-Fried's parents explore seeking a pardon from President Trump for their son, Bloomberg reports. pic.twitter.com/FMVUpaEOUf — Watcher.Guru (@WatcherGuru) January 30, 2025 The founder of the collapsed FTX exchange was convicted last fall and is serving a 25-year sentence in prison. FTX’s collapse is one of the biggest controversies in the history of the digital asset sector. Bankman-Fried was convicted by a jury on seven counts of fraud in 2023. Specifically, those charges include his thievery of customer assets when running the cryptocurrency exchange, and his deceit with the firm’s investors and creditors. Altogether...

Ryan Salame, a former top lieutenant to Sam Bankman-Fried at the collapsed FTX crypto exchange, announced his arrival at FCI Cumberland prison in Maryland by lighthearedly updating his LinkedIn profile with the new position of “inmate.” “I’m happy to share that I’m starting a new position as Inmate at FCI Cumberland!” the former FTX Digital Markets co-CEO wrote on LinkedIn. Ryan Salame Enters FCI Cumberland After Several Delays The humorous job update comes after Salame was convicted in May this year following a guilty plea related to multiple charges, including campaign finance fraud and operating an unauthorized money-transmitting business. During his trial, the prosecution said that Salame had helped Bankman-Fried conceal financial statements to make investors believe that the now-defunct exchange was in a good financial position prior to its collapse. Salame reportedly also donated a large sum of money to support Republicans. Ryan Salame,...

Attorneys for Caroline Ellison, the former co-Chief Executive Officer of Alameda Research, have filed a sentencing memorandum that argues her sentence should be time served for the crimes she committed related to Alameda Research and FTX.  The lightly-redacted document discusses Ellison’s bookish nature, her relationship with Sam Bankman-Fried, and the extent of her cooperation since the failure of the firms. It discusses her love of books that began in childhood and mentions that she has been working on a math textbook and a novel (with a story that is not tied to FTX or Alameda).  The document also reiterates Ellison’s recounting of her relationship with Bankman-Fried, which includes apparent manipulation and that he would take advantage of the power dynamics. The Context: Sam Bankman-Fried was a bad boss and worse boyfriend Latest from @BennettTomlin Subscribe and read https://t.co/coCbDajCkV pic.twitter.com/JTVqp9EGAB — Protos (@Protos) October 13, 202...

There is a conspiracy theory circulating that the US Central Intelligence Agency (CIA) is a secret backer of Solana. As the theory goes, Solana founder Anatoly Yakavenko is a Ukrainian immigrant to the US, and for that reason, might be easily swayed by a powerful government agency. Not only that, he’s not antisemitic and may even be Jewish himself. Given that speculation around Jewish control of various aspects of society is deeply rooted in conspiracy circles, this alone is enough to make claims about Yakavenko’s supposed CIA backing easier to swallow. Solana famously also sold early allocations of its native SOL token to groups of wealthy, well-connected, and powerful venture capitalists. This, according to the theory, violated the principles of the Cypherpunks and may well have been a way for the CIA to gain alliances at the upper echelons of society . This Solana – CIA connection is very disappointing. I was hoping for the Anunnaki or something cool like that. pic....

Tether, the self-described “largest company in the cryptocurrency industry,” recently led a $25 million Series A investment round in Oobit. Tether was joined in this investment by Anatoly Yakovenko, the co-founder of Solana, as well as CMCC and 468 Capital.  Oobit is a Lithuania-registered firm that lists a contact address in Singapore, and is led by chief executive Amram Adar. Adar’s LinkedIn reveals that before his role at Oobit, he served in the Israeli navy special forces , and appears to still be based out of Tel Aviv. Adar also worked with Oobit chief operating officer Aharon Miller at WaveTech, which appears to have been an Israeli headquartered blockchain development firm.  Oobit chairman Moshe Schlisser is also a managing partner at Shefa Capital and was also an investor in Cross River Bank, which previously announced its transition to a ‘crypto-first’ strategy. Schlisser is also a director for Yourasset AG, a Swiss firm that enables you to ...

A British charity has agreed to repay millions of dollars it received from FTX, condemning fraud underlying Sam Bankman-Fried’s conviction. Effective Ventures, a British charity, has entered an agreement to reimburse $26.8 million to the FTX bankruptcy estate, condemning the fraud linked to Sam Bankman-Fried‘s conviction, according to a report from Civil Society. The non-profit supporting effective altruism will settle with the defunct crypto exchange, repaying millions in donations received from FTX. A spokesperson for Effective Ventures says the amount is “equal to the entire amount which EV UK received from FTX and the FTX Foundation during 2022,” highlighting that EV’s projects can now fundraise with confidence, avoiding the use of donations to cover the settlement. “This means that EV’s projects can continue to fundraise with confidence that donations won’t be used to cover the cost of this settlement. We strongly condemn fraud...

Bankrupt crypto exchange FTX has taken legal action by filing a lawsuit against a former aide to Hillary Clinton and the aide’s invest ment firm. The exchange seeks to reclaim $700 million in invest ments that it alleges were made using misappropriated FTX funds. According to court documents, FTX’s founder, Sam Bankman-Fried, authorized the transfer of $700 million to entities affiliated with K5 Global, an investment firm led by former Clinton aide Michael Kives and co-founder Bryan Baum. FTX claims that Bankman-Fried allowed this transfer as part of a scheme to misuse company assets for personal gain. FTX moves to claw back $800 million from K5 Global, Olympus Capital, SGN Albany et al. Defendants are further accused of aiding and abetting SBF, dishonest assistance and unjust enrichment. pic.twitter.com/IPcDEtuFxL — FTX 2.0 Coalition (@AFTXcreditor) June 22, 2023 The lawsuit reveals that Bankman-Fried described Kives as an individual with extensive political a...

Judge Lewis Kaplan has officially ordered the unsealing of documents that have the co-signers of Sam Bankman-Fried ’s $250 million bail revealed. According to obtained documents, the co-signers were revealed to be the former Dean of Stanford Law School, Larry Kramer, and Stanford Research Scientist, Andreas Paepcke. A motion to unseal the documents was first requested by Inner City Press on Jan. 3. Subsequently, the judge presiding over the case, Kaplan, has redacted the previously concealed identities of the bail co-signers. JUST IN: SBF's $250 million bail was funded by former Dean of Stanford Law School Larry Kramer & Stanford Research Scientist Andreas Paepcke. — Watcher.Guru (@WatcherGuru) February 15, 2023 Stanford University Employees Co-signed SBF’s Bail The co-signers of Sam Bankman-Fried ’s massive $250 million bail have been revealed as two notable Stanford University employees. The first of the co-signers was uncovered by Molly Whit...

Data negates the possibility of liquidators behind the fund transfers due to the use of mixing tools and extensive planning to hide transaction paths. 30 cryptocurrency wallets linked to Alameda Research, the bankrupt sister company of crypto exchange FTX, became active on Dec. 28 following four weeks of inactivity. These wallets swapped and mixed over $1.7 million worth of crypto assets through various crypto-mixing services. Crypto mixers are often used by market exploiters and criminals to obscure the transaction path so that the funds cannot be traced to the original source. As Cointelegraph reported on Dec. 28, the sudden movement of funds from Alameda wallets just days after Sam Bankman Fried was released on bail raised suspicions across the crypto community. Nearly 24 hours later, it seems the culprit behind these fund transfers used extensive planning to hide transaction routes. According to data shared by the crypto forensic group Arkham, the first transfer of funds began ...