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 SBF memecoins pump and dump as FTX founder gets 25 year prison sentence

SBF memecoins pump and dump as FTX founder gets 25 year prison sentence


Published: 2024-03-29


1. Regulation of memecoins on FTX: The article discusses the rise of memecoins and their impact on the crypto market,specifically on the FTX exchange. Sam Bankman-Fried,the founder of FTX,has expressed concerns about the potential risks associated with the pump and dump schemes involving these memecoins. He emphasizes the importance of regulating these assets to prevent market manipulation and protect investors.

2. Legal challenges and potential consequences: Bankman-Fried's comments on the need for regulation of memecoins also touch on the legal challenges faced by exchanges like FTX in navigating the evolving crypto landscape. He highlights the potential consequences,including prison sentences,for those involved in fraudulent activities related to memecoins. This indicates a growing focus on compliance and regulatory frameworks within the crypto industry.

3. Market volatility and investor protection: The article delves into the market volatility caused by memecoins and the need for measures to safeguard investors from potential losses. With the increasing popularity of memecoins,there is a heightened risk of pump and dump schemes that can manipulate prices and lead to significant fluctuations. Bankman-Fried's stance on investor protection underscores the importance of addressing these challenges to ensure a more stable and secure crypto market for participants.


Reference: cointelegraph.com

The most traded coin


(Update every 1 hour)
at from is ($US) turnover ($)
1 ARS title=ARS 1,065.20 2,054,281,969.40
2 BTC title=BTC 63,020.01 1,828,837,679.24
3 ETH title=ETH 3,122.22 861,218,895.59
4 SOL title=SOL 136.45 571,409,076.81
5 PEPE title=PEPE <0.01 308,202,866.56
6 WIF title=WIF 2.70 188,933,915.73
7 XRP title=XRP 0.52 177,665,897.36
8 COS title=COS 0.02 160,771,518.00
9 BONK title=BONK <0.01 148,636,518.76
10 DOGE title=DOGE 0.15 147,035,123.79
11 NEAR title=NEAR 7.16 143,425,407.50
12 ENA title=ENA 0.82 132,674,121.87
13 BOME title=BOME <0.01 93,890,960.36
14 LTC title=LTC 87.14 89,315,625.07
15 RUNE title=RUNE 5.06 88,830,654.76
16 FLOKI title=FLOKI <0.01 66,865,627.15
17 AVAX title=AVAX 34.25 64,601,877.87
18 WLD title=WLD 4.70 60,871,031.14
19 HBAR title=HBAR 0.11 55,574,204.91
20 TRX title=TRX 0.12 51,144,550.23
21 LINK title=LINK 14.28 45,903,223.04
22 FTM title=FTM 0.70 45,305,002.18
23 ADA title=ADA 0.46 45,127,675.41
24 RNDR title=RNDR 7.95 43,117,705.16
25 SEI title=SEI 0.56 42,746,571.81
26 FIL title=FIL 5.85 42,639,860.06
27 MATIC title=MATIC 0.70 42,086,235.49
28 ETC title=ETC 26.90 40,280,462.78

Coins with rapidly rising prices


(Update every 1 minute)
at from is ($US) more (%)
1 Golem title=GLM 0.49 +27.26
2 BinaryX title=BNX 0.99 +15.45
3 Loom Network (NEW) title=LOOM 0.10 +15.43
4 aelf title=ELF 0.66 +14.18
5 Contentos title=COS 0.02 +13.35
6 Powerledger title=POWR 0.33 +8.94
7 REI Network title=REI 0.09 +5.53
8 Gas title=GAS 5.56 +3.46
9 IQ title=IQ <0.01 +3.21
10 SSV Network title=SSV 45.93 +3.17
11 Dymension title=DYM 3.64 +2.65
12 Highstreet title=HIGH 3.72 +2.59
13 Paris Saint-Germain Fan Token title=PSG 5.30 +2.16
14 TRON title=TRX 0.12 +2.04
15 Atletico Madrid Fan Token title=ATM 3.17 +2.00
16 Sun Token title=SUN 0.02 +1.75
17 EOS title=EOS 0.83 +1.72
18 Litecoin title=LTC 87.14 +1.61
19 NEO title=NEO 17.84 +1.54
20 BTTC <0.01 +1.52
21 Storj title=STORJ 0.55 +1.50
22 WINkLink title=WIN <0.01 +1.26
23 Santos FC Fan Token title=SANTOS 6.61 +1.09
24 Ethereum Name Service title=ENS 14.78 +0.96
25 MANTRA title=OM 0.70 +0.63
26 Aergo title=AERGO 0.13 +0.60
27 Civic title=CVC 0.17 +0.59
28 Ethereum Classic title=ETC 26.90 +0.56
29 ARK title=ARK 0.82 +0.51
30 ApeCoin title=APE 1.28 +0.47

The price of coins is falling rapidly.


(Update every 1 minute)
at from is ($US) reduce (%)
1 Theta Fuel title=TFUEL 0.11 -14.56
2 Lisk title=LSK 1.63 -11.86
3 Automata title=ATA 0.20 -10.99
4 BOOK OF MEME title=BOME <0.01 -10.97
5 dogwifhat title=WIF 2.70 -10.95
6 W 0.57 -10.29
7 Bonk title=BONK <0.01 -8.19
8 Sei title=SEI 0.56 -8.14
9 RONIN 2.74 -8.10
10 Hedera title=HBAR 0.11 -8.06
11 THORChain title=RUNE 5.06 -7.74
12 Voxies title=VOXEL 0.25 -7.68
13 Render title=RNDR 7.95 -7.64
14 Prosper title=PROS 0.37 -7.61
15 Arweave title=AR 31.73 -7.49
16 Pendle title=PENDLE 5.38 -7.34
17 Kava Lend title=HARD 0.19 -7.15
18 Terra Luna Classic title=LUNC <0.01 -7.11
19 Omni Network title=OMNI 19.47 -7.06
20 Request title=REQ 0.13 -6.75
21 FUNToken title=FUN <0.01 -6.60
22 NULS title=NULS 0.67 -6.57
23 BENQI title=QI 0.02 -6.47
24 Bittensor title=TAO 424.20 -6.44
25 Theta Network title=THETA 2.29 -6.42
26 Syscoin title=SYS 0.22 -6.40
27 Decred title=DCR 20.82 -6.39
28 Alchemy Pay title=ACH 0.03 -6.28
29 Fantom title=FTM 0.70 -6.26
30 Conflux title=CFX 0.24 -6.20

Bitcoin's Greed and Fear Index.

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67
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