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Wednesday, February 1, 2023
HomeCryptocurrencyElon Musk & Billy Markus Criticize SBF Following $700M Seizure

Elon Musk & Billy Markus Criticize SBF Following $700M Seizure

Within the early hours as we speak, the US Federal prosecutors seized practically $700 million in money and property that are in reference to FTX founder Sam Bankman-Fried. As per the reviews most of those property had been within the type of Robinhood shares held by SBF. Earlier in Could Sam Bankman-Fried had claimed to have acquired a 7.6% stake in Robinhood.

As per the courtroom filings made on Jan 20, federal investigations within the Southern District of New York have taken maintain of FTX’s property. Additionally the US prosecutor talked about 10 accounts which have shares, money and cryptocurrency.

Federal Prosecutors Seize $700M From SBF

Following the seizure of $700M from SBF, Dogecoin co-founder Billy Markus and Twitter head Elon Musk have taken this chance to criticize SBF and his stance. Billy Markus penned a sarcastic quote pointing in the direction of SBF’s earlier declare the place SBF had claimed to have left with solely $100K.

In reply to Billy Markus’ put up, Elon Musk was fast sufficient to remark with two ROFL emojis. Because the time FTX went out of business, Elon Musk and Billy Markus have been condemning SBF for deceptive traders.

FTX filed its chapter in November 2022 after SBF was charged with utilizing USD that belonged to FTX prospects. Nonetheless, he pleaded not responsible to these prices and is at the moment below home arrest at his dad and mom’ place. His subsequent trial is scheduled for October, 2023. Earlier this week the federal prosecutors had seized $100 million from SBF’s Silvergate Financial institution which was linked to Bahamas FTX Digital Markets.

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