"Sam Bankman-Fried Trial Highlights Dogecoin and Solana, Excludes FTT"

1 min read
Source: Decrypt
"Sam Bankman-Fried Trial Highlights Dogecoin and Solana, Excludes FTT"
Photo: Decrypt
TL;DR Summary

During the first day of FTX founder Sam Bankman-Fried's criminal trial, Bitcoin, Ethereum, Dogecoin, and Solana were mentioned, but FTX's native token, FTT, was notably left out. The trial revolves around allegations of fraud and conspiracy, with Bankman-Fried facing seven charges. FTX filed for bankruptcy after a drop in FTT's price led to a flurry of withdrawals. Bankman-Fried's defense argues that the loans made to Alameda Research were permitted and backed by reasonable security and collateral. The trial also introduced cryptocurrencies to the jury, with witnesses mentioning Bitcoin, Ethereum, Dogecoin, and Solana.

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