SOL - Sam Bankman-Fried's First Day Trial Saw Mentions Of Bitcoin Ethereum Dogecoin And Solana — FTT Stays In The Shadows | Benzinga
The first day of the criminal trial of FTX founder Sam Bankman-Fried saw mentions of cryptocurrencies like Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), Dogecoin (CRYPTO: DOGE), and Solana (CRYPTO: SOL), but notably excluded FTX’s native token, FTT (CRYPTO: FTT).
What Happened: Federal prosecutors portrayed Bankman-Fried as someone who stole billions of dollars from numerous individuals and misused their funds for personal gain.
According to a press release posted by the Justice Department, Bankman-Fried is being charged with “two counts of wire fraud conspiracy, two counts of wire fraud, and one count of conspiracy to commit money laundering, each of which carries a maximum sentence of 20 years. He was also charged with conspiracy to commit commodities fraud, conspiracy to commit securities fraud, and conspiracy to defraud the United States and commit campaign finance violations, ...