FTX founder Sam Bankman Fried: 5 or 50 years in prison? Judge will announce sentence. Latest price rally could now help the convicted crypto fraudster “SBF” - but prosecutors want to prevent that.
FTX CEO John Ray is now watching over the remaining crypto assets and assets. The more these increase in value in the course of the current price rally, the greater the chance of the insolvency administrator of satisfying the claims of the injured customers. When the crypto exchange collapsed in November 2022, one Bitcoin was worth around $17,000 - today it is around $70,000. And creditors could also benefit from the AI boom: FTX, for example, invested $500 million in the start-up Anthropic; the investment is currently valued at around $1.4 trillion.