

Business
SBF Political Donations Can Be Reclaimed As Fraudulent Transfers – Crypto News
Sam Bankman-Fried News: While experts predict that SBF could likely face jail term over misuse of crypto funds, the onus is now on his political donations. In the first week of November and days before the ftx collapse, Sam Bankman-Fried made headlines for his donations in the US Midterm Election 2022. In fact, reports suggested that SBF was the largest donor from crypto industry and third largest contributor overall.
Also Read: Is Alameda Research Behind Solana Blockchain Halts?
SBF Political Donations Can Be Reclaimed: XRP Lawyer
XRP lawyer John Deaton said earlier that it was only a matter of time that SBF went to jail. He said it is only a question of when will sbf go to jail until specific evidence is found. In a latest, Deaton also said FTX can approach those who received its funds 90 days before it filed for bankruptcy. This could mean all the political beneficiaries of SBF can be hit with preference claims.
“Anybody or any entity that received funds in the 90 days before FTX filed for bankruptcy can be hit with a preference claim. This could also include costumers who withdrew $5B from FTX before it filed for bankruptcy.
Fraudulent Transfers
Also, the political beneficiaries can also be approached with ‘fraudulent transfer claims.’ The political donations made by SBF could potentially count as fraudulent transfers and must be returned, he added in a tweet, The XRP lawyer made the comments following reports that SBF and FTX donated $70 million to various politicians for the elections, not too long ago before the bankruptcy filing. The FTX collapse has since had a cascading effect on all cryptocurrencies, which took a major hit in an already bad bear market environment. The contagion effect from FTX led to several cryptocurrencies reaching new lows in the last two years.
Also Read: Popular Analyst Predicts Bitcoin (BTC) Price Risks Fall To $10,000
The content presented may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
-
others7 days ago
Australia CFTC AUD NC Net Positions up to $-54.6K from previous $-58.8K – Crypto News
-
Blockchain7 days ago
Bitcoin Faces Make-Or-Break Battle As 1.76 Million BTC Cluster Between $94,125 And $99,150 – Crypto News
-
others6 days ago
Here’s How Bitcoin Could Boost Demand for US Treasuries, According to Macro Guru Luke Gromen – Crypto News
-
Business1 week ago
Here’s Why SUI Price Rallied Over 70% In A Week – Crypto News
-
others1 week ago
7,605 Bank Customers Receive Urgent Data Breach Alerts After ‘Administrative Error’ Exposes Social Security Numbers, Names and Account Details – Crypto News
-
Technology1 week ago
$2B DOGE In 24 Hours Hints At Dogecoin Price Breakout To $0.65 – Crypto News
-
others1 week ago
United Kingdom CFTC GBP NC Net Positions rose from previous £6.5K to £20.5K – Crypto News
-
others1 week ago
Medical Tech Firm Semler Scientific Accumulates Another $10,000,000 Worth of Bitcoin, Now Holds 3,303 BTC – Crypto News
-
Cryptocurrency1 week ago
Tesla reclaims $1B in Bitcoin holdings even as shares fall sharply – Crypto News
-
Business7 days ago
Solana Price Analysis: This $1 Billion SEC Filing Could Drive SOL Price to $250 in Q2 2025 – Crypto News
-
Cryptocurrency7 days ago
This Week in Crypto Games: Ubisoft’s ‘Might & Magic’, ‘Peaky Blinders’ in Development – Crypto News
-
Blockchain6 days ago
Bitget takes legal action on alleged VOXEL futures price manipulation – Crypto News
-
Cryptocurrency4 days ago
SEC delays decision on Franklin Templeton’s spot XRP ETF – Crypto News
-
Technology2 days ago
Waymo, Toyota Partner on Self-Driving Tech for Personal Vehicles – Crypto News
-
Blockchain1 week ago
Blockchain could be headed for ‘ChatGPT moment’ in adoption: Citigroup – Crypto News
-
others1 week ago
Pi Network Resumes Trading On This Exchange, What Next For Pi Coin? – Crypto News
-
Technology1 week ago
Here’s Why Expecting XRP Price at $100 is Unrealistic – Crypto News
-
Technology1 week ago
Japans Nintendo fans test Switch 2 ahead of launch amid tariff worries – Crypto News
-
Blockchain1 week ago
US Senator calls for Trump impeachment, cites memecoin dinner – Crypto News
-
Blockchain1 week ago
Bitcoin Price Confirms Breakout To $106,000 As Technicals Align – Crypto News
-
others1 week ago
3,000,000 SHIB Longs Face Liquidation If Shiba Inu Price Tags This Key Level – Crypto News
-
Cryptocurrency1 week ago
Whales Move 38.64 Million LINK In 24 Hours, Will Chainlink Price Rally? – Crypto News
-
Business1 week ago
Peter Schiff Explains How Donald Trump’s Tariffs Contradicts The President’s Bitcoin Plans – Crypto News
-
Business1 week ago
Peter Schiff Explains How Donald Trump’s Tariffs Contradicts The President’s Bitcoin Plans – Crypto News
-
Technology1 week ago
Ethereum Price Overtakes Solana and XRP After $164 Million Staking Deposits in 4 Days – Crypto News
-
Technology1 week ago
MicroStrategy And Metaplanet See $5.1 Billion Gain From Bitcoin Treasury Operations – Crypto News
-
Cryptocurrency7 days ago
Coinbase tops Ethereum nodes with 11% stake – Crypto News
-
Business7 days ago
Expert Reveals 7 Pi Network Pros That Can Drive The Upcoming Pi Coin Rally – Crypto News
-
others7 days ago
IMF Warns Negative Supply Shock Incoming, Forecasts ‘Significant Slowdown’ of Global Economy – Crypto News
-
Cryptocurrency6 days ago
Ethereum Price Upward Momentum Wanes, Resistance Forms Near $1,800 – Crypto News
-
Blockchain4 days ago
Vitalik outlines vision as Ethereum ecosystem addresses hit new high – Crypto News
-
others1 week ago
FLock.io Partners with Alibaba Cloud on Advanced AI Model Co-Creation – Crypto News
-
others1 week ago
Worried uncertainty may cause layoffs – Crypto News
-
others1 week ago
US Dollar back to positive on the week after vague trade headlines from US and China – Crypto News
-
others1 week ago
Euro steadies near 1.1400 after soft pullback – Crypto News
-
Business1 week ago
SEC Chair Paul Atkins Discusses Plans For Clear Regulation In Crypto Industry – Crypto News
-
Cryptocurrency1 week ago
Coinbase adds ZORA, MNT as tokenisation trend builds – Crypto News
-
Cryptocurrency1 week ago
XRP could hit $15 if ETF inflows surge, says analyst using multiplier model – Crypto News
-
Business1 week ago
John Deaton Slams Argument Against Sam Bankman-Fried’s ‘Unfair’ Sentence – Crypto News
-
Cryptocurrency1 week ago
DeFi Development Corp. mirrors Strategy’s Bitcoin move: Can Solana get the same boost? – Crypto News
-
Cryptocurrency1 week ago
Tesla reclaims $1B in Bitcoin holdings even as shares fall sharply – Crypto News
-
others1 week ago
DePIN Altcoin Outpaces Crypto Market and Skyrockets by Nearly 44% Following High-Profile Exchange Listing – Crypto News
-
Blockchain1 week ago
US crypto rules like ‘floor is lava’ game without lights — Hester Peirce – Crypto News
-
others1 week ago
United States CFTC Oil NC Net Positions up to 171K from previous 146.4K – Crypto News
-
Business1 week ago
Why Arbitrum-Nvidia Partnership Collapsed – And What It Means for Web3 – Crypto News
-
Blockchain7 days ago
Best Crypto to Buy as Derivatives Exchange CME Set to Launch XRP Futures – Crypto News
-
others7 days ago
Cardano Lace Wallet Integrates XRP, Fueling Potential Price Breakout Move – Crypto News
-
others7 days ago
Justin Sun Reveals Why JUST Will Become The Next 100x Token – Crypto News
-
Blockchain7 days ago
Dogecoin Confirms Daily Trend Reversal With Breakout, Retest, And New Uptrend – Crypto News
-
Business6 days ago
Ethereum Price Now Targets $2,875 as Vitalik Buterin Responds to Cardano Founder with 800x Update – Crypto News