One year after the FTX collapse, Bitcoin has more than doubled in price, but other coins like Solana, OKB, and Chainlink have seen even bigger gains. Solana is up 660% since the crash bottom, benefiting from positive market sentiment and subsiding fears of a dump by FTX. OKB, the token of OKX crypto exchange, has gained 275% as its top rival FTX went bust. Chainlink, despite falling 40% after the collapse, has recovered due to lower exposure to FTX and positive developments, resulting in over 180% profits for investors.
Sam Bankman-Fried, the disgraced founder of FTX crypto empire, went on a media blitz following the collapse of his company, seemingly desperate to share his side of the story. However, his numerous interviews have now become corroborating evidence for prosecutors, who spent hours questioning him about potential criminality at FTX. Bankman-Fried's friendly relationship with journalists, which had previously helped him attract users and investors, has now backfired as his media appearances have been used to puncture his credibility and dismantle the sympathetic image he had constructed. Additionally, his evasiveness regarding Alameda Research's alleged special privileges on FTX has been exposed through interviews and further undermines his defense.
Crypto influencer Tiffany Fong has leaked approximately 70 pages of unsent Twitter posts by Sam Bankman-Fried, the former CEO of FTX who is currently facing fraud charges. The documents, shared with the New York Times, contain explanations and justifications for the collapse of FTX. Bankman-Fried had penned these posts during his house arrest, and they include criticisms of colleagues and personal elements.
