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FTX News: Sam Bankman-Fried (SBF), Former CEO of FTX has been alleged of funding and lobbying in Washington, D.C over the last year. Now, the XRP holder’s lawyer has claimed that SBF and U.S. SEC are working on a negotiation deal.
Is SEC bailing out SBF?
John Deaton, Amicus Curiae in the XRP lawsuit called US representative candidates to get ready to file Subpoenas over SBF’s mother, Barbara Fried. He asked to add private emails, texts and messaging apps.
He claimed that SBF’s mother has likely reached out to Gary Gensler, SEC chair in an attempt to bag negotiations deal for her son. This will be an attempt to avoid a life sentence for the Ex FTX CEO.
Earlier, Coingape reported that expert believes that the US Watchdogs including SEC might be helping SBF to get away from the FTX crisis. However, the commission has already launched a probe on the FTX US. The agency will also investigate the probable connection between FTX and several other firms regarding SBF.
XRP Lawyer drops some of his perspectives on the FTX crisis handling. He highlighted that a software developer sits in jail without any clear evidence of what he did. There is just a piece of evidence that he provided the code.
On the other side, wallets belonging to FTX and FTX have been impacted in a potential hack of around $600 million.
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