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FTX Trust Files $1.15B Suit Against Genesis Digital as SBF’s “gm” From Prison Draws Community Ire


by Peter Mwangi
for CoinEdition
FTX Trust sues Genesis Digital for $1.15B as SBF’s “gm” post stirs backlash.
  • SBF’s X account activity sparks scrutiny as he serves a 25-year federal prison sentence.
  • FTX Recovery Trust sues Genesis Digital to recover $1.15B in alleged customer fund misuse.
  • New lawsuit expands recovery efforts after prior $175M Genesis Global Trading settlement.

Sam Bankman-Fried’s verified X account surprised markets this week with a one-word post: “gm.” The short message was the first update since March and raised questions because inmates in federal prison cannot directly access social media.

The account later clarified that a friend had posted on his behalf. Even so, the moment drew attention back to the former FTX chief, now serving a 25-year sentence tied to the exchange’s 2022 collapse.

Related: SBF Breaks Silence from Prison: Blasts Biden, SEC, and “Muffin” Currency

FTX Trust Files $1.15B…

Read The Full Article FTX Trust Files $1.15B Suit Against Genesis Digital as SBF’s “gm” From Prison Draws Community Ire On Coin Edition.

Read the article at CoinEdition

Read More

$1.6 Billion in FTX Creditor Payouts Set for September 30: What to Expect

$1.6 Billion in FTX Creditor Payouts Set for September 30: What to Expect

Crypto Rover, a well-known crypto trader, sent a reminder that FTX is set to return o...
U.S. Senate to Vote on Government Reopening Bill

U.S. Senate to Vote on Government Reopening Bill

Detail: https://coincu.com/markets/senate-vote-government-reopening/

FTX Trust Files $1.15B Suit Against Genesis Digital as SBF’s “gm” From Prison Draws Community Ire


by Peter Mwangi
for CoinEdition
FTX Trust sues Genesis Digital for $1.15B as SBF’s “gm” post stirs backlash.
  • SBF’s X account activity sparks scrutiny as he serves a 25-year federal prison sentence.
  • FTX Recovery Trust sues Genesis Digital to recover $1.15B in alleged customer fund misuse.
  • New lawsuit expands recovery efforts after prior $175M Genesis Global Trading settlement.

Sam Bankman-Fried’s verified X account surprised markets this week with a one-word post: “gm.” The short message was the first update since March and raised questions because inmates in federal prison cannot directly access social media.

The account later clarified that a friend had posted on his behalf. Even so, the moment drew attention back to the former FTX chief, now serving a 25-year sentence tied to the exchange’s 2022 collapse.

Related: SBF Breaks Silence from Prison: Blasts Biden, SEC, and “Muffin” Currency

FTX Trust Files $1.15B…

Read The Full Article FTX Trust Files $1.15B Suit Against Genesis Digital as SBF’s “gm” From Prison Draws Community Ire On Coin Edition.

Read the article at CoinEdition

Read More

$1.6 Billion in FTX Creditor Payouts Set for September 30: What to Expect

$1.6 Billion in FTX Creditor Payouts Set for September 30: What to Expect

Crypto Rover, a well-known crypto trader, sent a reminder that FTX is set to return o...
U.S. Senate to Vote on Government Reopening Bill

U.S. Senate to Vote on Government Reopening Bill

Detail: https://coincu.com/markets/senate-vote-government-reopening/