Supreme Court · CoinDesk
Whether the investments there gained or dropped wasn't, for all the previous judges, relevant
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Tokenized equities lead RWA inflows as the market recovers; Binance's bStocks hit ~$118.5M in two months, now #2 issuer and ~90% of on-chain equity DEX volume.
Key facts
- Tokenized equities lead RWA inflows as the market recovers; Binance's bStocks hit ~$118.5M in two months, now #2 issuer and ~90% of on-chain equity DEX volume
- Here's what ex-CEO Sam Bankman-Fried thinks should convince the U.S. Supreme Court to dig back into the fraud case that sent him to prison and imposed a penalty in the billions of dollars
- The Second Circuit, in its decision this year, had made it clear that the judges considered the ex-CEO's actions a clear fraud
- It wasn't OK for the court to look at evidence that FTX customers had lost money when Bankman-Fried moved their funds to his investment firm, Alameda Research
Summary
Former FTX founder and CEO Sam Bankman-Fried has embarked on a final legal gambit to petition the U.S. Supreme Court to reverse earlier rejections of his legal appeal in the fraud case that put him in prison. His lawyers are arguing that the trial court shouldn't have been able to introduce evidence that FTX customers lost money and that he wasn't able to explain that they were eventually paid back. Here's what ex-CEO Sam Bankman-Fried thinks should convince the U.S. Supreme Court to dig back into the fraud case that sent him to prison and imposed a penalty in the billions of dollars:. It wasn't OK for the court to look at evidence that FTX customers had lost money when Bankman-Fried moved their funds to his investment firm, Alameda Research.