Cryptory.net - The collective of FTX users is directing its focus towards the Mercedes Formula One team and Major League Baseball, accusing them of aiding FTX in perpetrating fraudulent activities through their promotion of the crypto exchange on their respective platforms.
Cryptory.net - During the trial of United States v Sam Bankman-Fried, attorneys delivered their closing arguments. This legal proceeding centers around the collapse of FTX, with prosecutors accusing the founder of constructing his cryptocurrency empire through deceptive means, often referred to as a "pyramid of lies."
Cryptory.net - The downfall of the FTX founder started on November 2, 2022. One year later, jurors are now ready to begin deliberating on his fate. Interestingly, this coincides with a time when the value of the SOL tokens owned by FTX has increased by an additional $1 billion.