- Midas Crypto
- Posts
- 🌙 SBF Sentenced to 25yrs and $11B in Forfeiture
🌙 SBF Sentenced to 25yrs and $11B in Forfeiture
Bankman-Fried was found guilty on all seven counts related to fraud and money laundering during his trial.
Mike Gavela
March 28, 2024
Crypto Roundup - Mar 28
The recent news cycle in the cryptocurrency and blockchain sector is marked by significant events: Sam Bankman-Fried has been sentenced to 25 years in prison for his role in fraud and money laundering at FTX, a stark reminder of the legal risks and responsibilities in the crypto space​​. Bitwise has taken a bold step by filing for a spot Ether ETF, suggesting growing confidence in the regulatory acceptance of cryptocurrency-based financial products​​. Furthermore, Ethereum co-founder Vitalik Buterin has outlined the future path for Ethereum following the Dencun hard fork, emphasizing a shift towards scalability, security, and efficiency for the blockchain​​.
Top stories:
Sam Bankman-Fried receives a 25-year prison sentence for his involvement in FTX's fraud and money laundering activities, underscoring the seriousness of legal compliance in the crypto industry.
Bitwise files for a spot Ether ETF, indicating a potential expansion and mainstream acceptance of cryptocurrency investment vehicles.
Vitalik Buterin discusses Ethereum's future, focusing on scalability and security enhancements post-Dencun hard fork, marking a new phase in Ethereum's development towards a more robust ecosystem.
TOP STORIES
FUNDRAISES
Web3 AI training firm FLock raises $6 million in seed funding
— The Block (@TheBlock__)
1:01 PM • Mar 28, 2024
Proud to announce our strategic funding round from leading investors @borderless_cap, @Consensys, @jumpcapital, @Taisu_Ventures, @ManifoldTrading, @sidedoor_vc, and angels @balajis, @gametheorizing, and @CL207 (from Manifold)!
— Biconomy (@biconomy)
4:01 PM • Mar 28, 2024
BloodLoop has secured $4M in funding with major support from investors like @avax, @MeritCircle_IO, and @NeoTokyoCode.
This new funding will drive forward our goal of enabling seamless blockchain adoption through gaming and fuel the growth of BloodLoop.
We are grateful to the… twitter.com/i/web/status/1…
— BloodLoop🔺 | Hero-Shooter (@BloodLoopGAME)
2:55 PM • Mar 28, 2024
OTHER HEADLINES
CRYPTO TWITTER (X)
Figured I'd dust off some lesser known facts about SBF given today is his sentencing 🧵
1. In January '22, Sam market sold $75M of stETH, leading to a massive depeg event which set off the Celsius bankrun and the daisy chain of events that included the blow-up of 3AC
— Conor (@jconorgrogan)
12:55 PM • Mar 28, 2024
We just passed $1 billion in tokenized treasuries onchain.
BlackRock tokenized treasurities just launched last week.
I expect $10 billion in tokenized treasuries by year end.
Every asset is a token.
Every bank is a chain.
— RYAN SΞAN ADAMS - rsa.eth (@RyanSAdams)
2:39 PM • Mar 28, 2024
SHARE!
Love our newsletter? Share it with your friends, family, colleagues, interns who need to stay on top of the crypto markets! Join over 85,000 investors and crypto degenerates who read Midas Crypto daily!