Posted on 6. January 2023 in Allgemein
• Sam Bankman-Fried, founder of the now-bankrupt crypto exchange FTX, pleaded not guilty to eight criminal charges, including wire fraud and campaign-finance violations.
• The latest price moves in crypto markets include an increase of 1.4% in CoinDesk Market Index (CMIP) and a 0.6% rise in Bitcoin.
• Treasury yields have declined by 0.1%, while S&P 500 futures and FTSE 100 have both seen a 0.4% and 0.6% increase, respectively.
On Tuesday, Sam Bankman-Fried, the founder of the now-bankrupt crypto exchange FTX, appeared in a federal court in New York for the second time where he pleaded not guilty to eight criminal charges. The charges include wire fraud and campaign-finance violations. Bankman-Fried was represented by his lawyer and maintained his plea of not guilty.
The latest price moves in crypto markets were also seen. The CoinDesk Market Index (CMIP) increased by 1.4%, with Bitcoin (BTC) rising 0.6%, and Ethereum (ETH) surging 3.0%. Treasury yields have declined by 0.1%, while S&P 500 futures and FTSE 100 have both seen a 0.4% and 0.6% increase, respectively.
The crypto markets have been volatile over the past few days, with investors and traders concerned about the ongoing legal issues surrounding Bankman-Fried. Earlier, he was arrested following an FBI investigation into his alleged involvement in campaign finance violations. The case has also raised questions about the security of crypto exchanges in the US and the possible implications for the broader crypto industry.
Bankman-Fried is due back in court later this month. In the meantime, the crypto community will be keeping a close eye on the legal proceedings and how the case could affect the markets. As the case continues to unfold, investors and traders alike should remain vigilant and keep up to date with the latest developments.