1. FTX said we’re not done yet and have dumped $7.65 billion in Solana tokens.
2. Sam Bankman-Fried has been sentenced to 25 years in prison on 7 counts of fraud and conspiracy after the collapse of FTX.
SBF won’t be placed in a maximum-security prison, instead, he’ll be in a medium-security prison close to home in California.
3. The time he’s already spent in prison will likely be shaved off his remaining jail time. So that’s already 7.5 months less. Then, he could see another 45 months shaved off for good behavior.
Of course, there are more boxes he can tick. So it’s already being predicted that he could get out of prison after serving just 18 out of the 25 years.
Read the whole article here:
https://thewealthmastery.io/test-7-65b-sol-dumped
According to the article, FTX sold the SOL token to institutional investors at 60$/token, which is around 68% less than the current market price.
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