From Russia Sanctions to the Downfall of SFB — FTX Case Exposes Future of Digital Assets & Global Commodities

The Weekend Brief (TWB) is inspired by Eminem’s and Snoop Dogg’s latest collaboration. I suggest listening to From The D 2 The LBC as you read TWB.

This co-production couldn’t have been done without the necessary permisson from Nima Asgari for whom I am so grateful to have as a writer on Areas & Producers. There’s going to be more content about legal cases and digital assets on the publication. Stay tuned by signing up for TWB.

Press play: https://youtu.be/kcgLOQG_uvk

The FTX legal case is an extensive story. Let’s start with the events occuring on 21 December 2022 when founder of FTX and Alameda Reseach, Sam Bankman-Fried (SFB), and two of his associates, Caroline Ellison and Gary Wang, are all facing charges of financial fraud at the federal level. SFB gave in to US authorities in The Bahamas by agreeing to be extradited to the US to face his crimes, while Ellison and Wang both plead guilty to defraduing crypto investors on the FTX crypto exchange platform.

To know more about the background of FTX as a company based in The Bahamas, I suggest reading more about the culprits in this story…