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Since the sentencing of former FTX CEO Sam Bankman-Fried (SBF), the assets linked to his portfolio have shown mixed performance, with Bitcoin (BTC) emerging as the only one to post positive returns. For context, SBF was sentenced to 25 years in prison on March 28, 2024, for orchestrating one of the largest financial frauds in history. In the aftermath, the cryptocurrency market has seen notable shifts in price movement and adoption trends. The portfolio associated with SBF’s companies, including crypto exchange FTX and Alameda Research, mainly comprised assets such as Bitcoin, Ethereum (ETH), Solana (SOL), and FTX’s native token, FTT.  While SBF may not have personally owned these assets, they were central to his firm’s operations and investment strategies. Here’s how these digital assets have performed since his sentencing and what a $1,000 investment in each would be worth today. Bitcoin (BTC) On March 28, 2024, Bitcoin traded at $70,744, rising by 19...

Larry David, the American comedian, disclosed significant losses as part of his FTX Super Bowl commercial salary was in crypto. Portrayed as a crypto skeptic in the Super Bowl advertisement, Larry David now calls himself “an idiot ” for dealing with the now-defunct FTX, whose founder, Sam Bankman-Fried, is facing serious legal troubles. Larry David reflects on his 2022 Super Bowl ad for a crypto currency trading platform called FTX, amid an ongoing fraud case against Sam Bankman-Fried, the company's founder. David reunited with his "Curb Your Enthusiasm" cast members for the show's final season premiere. pic.twitter.com/8KReLNBb3y — AP Entertainment (@APEntertainment) January 31, 2024 In an interview with The Associated Press, David revealed that he had lost “a lot of money” after things went south for FTX and its disgraced founder Sam Bankman-Fried, who is now facing up to 100 years in prison for multiple charges. David also added...

China’s state-owned telecoms operator China Mobile is proposing global metaverse guidelines to the United Nations that bear eery similarities to the country’s controversial social credit system, Politico reported on Sunday. A “digital identity system” for all metaverse users could be based on a mix of “natural characteristics” and “social characteristics.” Data points like occupation can be “permanently” stored and shared with police to “keep the order and safety of the virtual world,” China Mobile proposals state. The guidelines are part of discussions between officials at the UN’s telecoms agency, the International Telecommunication Union (ITU), and tech experts. Experts who reviewed China Mobile’s proposals said metaverse users would be at risk of privacy and freedom violations if they were adopted. “To build a unified digital identity system, to give each human a unique digital ID that include...

Sam Bankman-Fried, co-founder of defunct crypto exchange FTX, is fighting a US prosecutor’s attempt to revoke his $250 million bond and put him in jail. The request was made in response to the New York Times’ publication of excerpts from Caroline Ellison’s diary, who was the former CEO of the FTX-affiliated hedge fund Alameda Research. In the case against Bankman-Fried, Ellison has already pleaded guilty to fraud and is working with the prosecution. The prosecutors claim that Bankman-Fried gave the newspaper the journal entries and spoke with the writer who wrote the story to intimidate Ellison, who might be called a witness during his trial and possibly sway the jury. You might also like: FTX’s former CEO SBF allegedly leaked ex-lover’s diary Bankman-Fried’s attorneys responded by asserting that his interactions with the reporter were not intended to threaten Ellison or affect the jury pool. In its place, they argued that he had the right to offer...