{"id":74701,"date":"2024-03-29T06:23:03","date_gmt":"2024-03-29T10:23:03","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=74701"},"modified":"2024-03-29T06:23:41","modified_gmt":"2024-03-29T10:23:41","slug":"cardano-founder-weighs-in-on-sam-bankman-fried-case","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/cardano-founder-weighs-in-on-sam-bankman-fried-case\/","title":{"rendered":"Cardano Founder Weighs in on Sam Bankman-Fried Case"},"content":{"rendered":"\n

Following the judgment on Thursday, Cardano Founder\u00a0Charles Hoskinson\u00a0made a sarcastic remark regarding the Sam Bankman-Fried case<\/a>.<\/p>\n\n\n\n

\"Cardano<\/figure>\n\n\n\n

Cardano founder Charles Hoskinson made a snide remark regarding Sam Bankman-Fried's legal issues in an unexpected conversation on X\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>.<\/p>\n\n\n\n

Bankman-Fried, the discredited founder of FTX, is facing charges for allegedly embezzling people's money and influencing the media.<\/p>\n\n\n\n

Cardano Founder Takes a Jab at Sam Bankman-Fried<\/h2>\n\n\n\n

Hoskinson made a lighthearted remark in reply to a critique of Bankman-Fried, “Should I start giving money to the right people?”<\/p>\n\n\n\n

Cardano founder Hoskinson's sarcastic remark also highlights a significant flaw in the media's operation.<\/p>\n\n\n\n

Certain individuals think big money can\u00a0sway public opinion and even\u00a0influence\u00a0politicians.<\/p>\n\n\n\n

Furthermore, unlike Sam Bankman-Fried, Hoskinson states unequivocally that he does not fund the media or members of Congress<\/a>.<\/p>\n\n\n\n

Subsequently, he garnered substantial backing from the Cardano community, which advised him to allocate donations towards essential causes rather than seeking personal gain.<\/p>\n\n\n\n

Hoskinson's reply was in response to a post by Cardano Curation's founder, Caleb Montiel.<\/p>\n\n\n\n

Montiel expressed dissatisfaction with the media's portrayal of Bankman-Fried as “smart,” despite the possibility that he engaged in fraudulent activities involving public funds.<\/p>\n\n\n\n

Moreover, Montiel's complaint demonstrates that many individuals are dissatisfied with the FTX incident and the potential harm that investors may have suffered.<\/p>\n\n\n\n

He also emphasized that investments amounting to billions of dollars were made in the FTX Token (FTT), all of which have since been lost.<\/p>\n\n\n\n

In addition, Montiel, a fervent advocate for Cardano, provided Hoskinson with a defense against several allegations.<\/p>\n\n\n\n

The Cardano Curation founder expressed concern and compared Hoskinson's condition to that of Sam Bankman-Fried.<\/p>\n\n\n\n

He emphasized that many retail investors had lost their hard-earned money due to the FTT.<\/p>\n\n\n\n

Furthermore, Montiel added, \u201cOn the flip side, there\u2019s someone who founded a blockchain in a completely legal manner, has been consistently open with everyone about his plans and projects, yet, he is the one called a fraudster\/liar.\u201d<\/p>\n\n\n\n

XRP Lawyer John Deaton Opposes SBF<\/h2>\n\n\n\n

On Thursday, March 28th, before the remarks made by the founder of Cardano, former FTX CEO Sam Bankman-Fried encountered a significant legal setback.<\/p>\n\n\n\n

For his complicity in an intricate network of fraudulent activities and money laundering that led to the misplacement of $8 billion in client funds, Judge Lewis A. Kaplan imposed a 25-year prison term.<\/p>\n\n\n\n

Notwithstanding the potential maximum sentence of 110 years\u00a0resulting from seven guilty verdicts<\/a>, Bankman-Fried received a significantly reduced final sentence.<\/p>\n\n\n\n

Charles V. Payne, an American journalist, expressed his discontent with Bankman-Fried's sentence via social media.<\/p>\n\n\n\n

He contended that it failed to achieve justice.<\/p>\n\n\n\n

In reply to Payne's post, XRP lawyer John Deaton expressed a similar viewpoint, contending that Bankman-Fried's conduct merited a more severe penalty.<\/p>\n\n\n\n

Furthermore, his statement indicates that he concurred with a similar point put forth by the\u00a0Cardano Curation founder\u00a0and other industry stakeholders.<\/p>\n\n\n\n

Based on his substantial background as a federal prosecutor and criminal defense attorney, Deaton posited that Bankman-Fried's sentence ought to have been increased by two-fold, to 50 years.<\/p>\n\n\n\n

Moreover, he underscored the severity of Bankman-Fried's offense and emphasized the necessity for a more rigorous deterrent to prevent similar financial crimes in the future.<\/p>\n","protected":false},"excerpt":{"rendered":"

Following the judgment on Thursday, Cardano Founder\u00a0Charles Hoskinson\u00a0made a sarcastic remark regarding the Sam Bankman-Fried case. Cardano founder Charles Hoskinson made a snide remark regarding Sam Bankman-Fried’s legal issues in an unexpected conversation on X . Bankman-Fried, the discredited founder of FTX, is facing charges for allegedly embezzling people’s money and influencing the media. Cardano […]<\/p>\n","protected":false},"author":56,"featured_media":74723,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[18090,4486,18869,11872],"class_list":["post-74701","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-cardano-ada","tag-charles-hoskinson","tag-ftx-collapse","tag-sam-bankman-fried-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/03\/81e96061d183445f9f83a204469dd774.webp","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/74701","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=74701"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/74701\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/74723"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=74701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=74701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=74701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}