๐ฅWHY SBF ARREST IS A BULLISH SIGNAL FOR CRYPTO MARKETโ
๐ฅ Hi friends! This is finnaly happen: Sam Bankman-Fried was arrested in the Bahamas on Monday after US prosecutors filed criminal charges against him.
๐ฉ SEC charges Sam Bankman-Fried for conducting โa years-long fraudโ in FTX.
Court filing claims FTX's founder 'orchestrated a massive, years-long fraud โ diverting billions of customer funds for his own personal benefit and to grow his crypto empire.
๐ HOW WILL THE ARREST OF SBF AFFECT THE CRYPTO MARKET?
Let me remind you that FTX users lost about $1 billion and this is not yet the final information. But I think that FTX users lost the most not directly, but the entire crypto industry. Together with FTT, Solana fell, as well as many other crypto projects.
๐ฉ Bitcoin fell by 26% from $21,300 to $15,600. Most alctoins fell by 50%. The crypto market lost $280 billion.
โ The arrest and trial of the former CEO should have a positive impact on the crypto market for one main reason: ALL FRAUDSTERS WILL BE PROSECUTED.
Now every owner and manager of any crypto company will know what illegal actions can lead to. Because of this, everyone will benefit and first of all users who have already lost a lot of money.
๐ฉPerhaps the founder of Terra Luna Do Kwon will also soon be in court and will be punished by law.
๐ WHAT WILL HAPPEN TO THE FTX EXCHANGE?
The new CEO of the exchange John J. Ray III helped the huge company ENRON with debt restructuring after the collapse in 2000-2001. Perhaps the exchange will survive, but it will be extremely difficult to regain the trust of customers.
Bernie Madoff, cheirman of Nasdaq, whose fraud was recognized in 2009, sentenced to 150 years in prison. According to preliminary estimates, it is the largest financial fraud in history. The number of victims ranges from one to three million people and several hundred financial institutions, totaling about $50 billion.
๐ฉIf SBF's guilt will be proven, how many years in prison will he get? Interested to know your opinion in the comments.
๐ปFriends, press the "boost"๐ button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
๐ฉ SEC charges Sam Bankman-Fried for conducting โa years-long fraudโ in FTX.
Court filing claims FTX's founder 'orchestrated a massive, years-long fraud โ diverting billions of customer funds for his own personal benefit and to grow his crypto empire.
๐ HOW WILL THE ARREST OF SBF AFFECT THE CRYPTO MARKET?
Let me remind you that FTX users lost about $1 billion and this is not yet the final information. But I think that FTX users lost the most not directly, but the entire crypto industry. Together with FTT, Solana fell, as well as many other crypto projects.
๐ฉ Bitcoin fell by 26% from $21,300 to $15,600. Most alctoins fell by 50%. The crypto market lost $280 billion.
โ The arrest and trial of the former CEO should have a positive impact on the crypto market for one main reason: ALL FRAUDSTERS WILL BE PROSECUTED.
Now every owner and manager of any crypto company will know what illegal actions can lead to. Because of this, everyone will benefit and first of all users who have already lost a lot of money.
๐ฉPerhaps the founder of Terra Luna Do Kwon will also soon be in court and will be punished by law.
๐ WHAT WILL HAPPEN TO THE FTX EXCHANGE?
The new CEO of the exchange John J. Ray III helped the huge company ENRON with debt restructuring after the collapse in 2000-2001. Perhaps the exchange will survive, but it will be extremely difficult to regain the trust of customers.
Bernie Madoff, cheirman of Nasdaq, whose fraud was recognized in 2009, sentenced to 150 years in prison. According to preliminary estimates, it is the largest financial fraud in history. The number of victims ranges from one to three million people and several hundred financial institutions, totaling about $50 billion.
๐ฉIf SBF's guilt will be proven, how many years in prison will he get? Interested to know your opinion in the comments.
๐ปFriends, press the "boost"๐ button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
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