BTC PULSE
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise
No Result
View All Result
Play Now
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise
No Result
View All Result
BTC PULSE
No Result
View All Result
Play Now
Home Blockchain

Former Detective Tells Judge To Jail Former FTX Boss

by Abimbola Adu
Feb 23, 2023 - 12:00 am
in Blockchain
Former Detective Tells Judge To Jail Former FTX Boss

The rule of law is the foundation of every niche, even in crypto. It helps ensure that everyone, no matter their status or position, is held accountable for their actions. However, the SEC’s ruling on the former FTX boss, Sam Bankman-Fried’s case, has been a cause for concern for many.

‘Please Do Your Job!!!’: Private Citizens Urge Judge To Jail Bankman-Fried Before Fraud Trial
by u/wileyfox91 in CryptoCurrency

Bankman-Fried is currently awaiting trial on charges of fraud and mismanagement of customers’ assets due to the FTX debacle. Despite the severity of these charges, he has been allowed to stay in his parents’ comfortable home instead of being held in a prison cell. This has caused outrage among many private citizens, who have urged the judge to take action and ensure that justice is served.

Former detective Thomas Morrissey is one of those private citizens. In a recent statement to the press, Williams called on the judge to jail Bankman-Fried, saying, “Please do your job,” and stating that the current situation is a clear case of favoritism. Thomas stated that if it were any other person, they would be sitting in a prison cell right now. But because Bankman-Fried is wealthy and well-connected, he gets to stay in a cushy house while he awaits trial. 

Thomas is not alone in his concerns. Many victims of the FTX debacle have also spoken out about the situation, saying that it puts them in an uncomfortable position. 

The fact that Bankman-Fried can stay in his parents’ home while awaiting trial is a clear example of how the wealthy and well-connected can often receive preferential treatment from the justice system. This is not a new phenomenon, but it needs to be addressed, or else it’ll have long-term consequences for the crypto industry. 

Bankman-Fried being able to stay in a comfortable home rather than a prison cell sends a message that the consequences for rugging a centralized organization like FTX are not as severe as they should be. This is a dangerous message to send, as it can encourage others to engage in similar illegal activities without fear of facing the full consequences of their actions.

In conclusion, the current situation regarding Bankman-Fried and his comfortable living arrangements while awaiting trial is unacceptable. It sends a message that well-connected folks can receive preferential treatment from the justice system, and it puts those who fell victim to the FTX debacle in an uncomfortable position. We must ensure that justice is served for all and that everyone is held to the same standard of accountability. It is the responsibility of the SEC and the justice system to uphold the rule of law and ensure that justice is served.

Tags: FTX
Abimbola Adu

Abimbola Adu

Abimbola Adu is a crypto content writer with a background in English studies. She is keen on enlightening others about cryptocurrency and blockchains. She enjoys writing poems and spending time with family.

Related Posts

Officials from Binance and the Royal Thai Police uniting in a strategic meeting to combat crypto-related crime.

Binance Aids Royal Thai Police in $277M Crypto Scam Takedown

October 3, 2023

Binance and the Royal Thai Police have teamed up to apprehend a major crypto scam ring, securing assets...

Screenshot of the Kaspa Wallet's user-friendly interface.

Kaspa Wallet: The Future of Digital Currency Management

October 3, 2023

Kaspa Wallet is leading the way in digital currency management, championing global adoption, environmental responsibility, and top-tier security...

Graphical representation of LightlessCan malware bypassing security barriers, depicting its stealthy and dangerous nature.

Advanced Malware LightlessCan in Lazarus Group’s Arsenal Spells Trouble for Crypto Firms

October 2, 2023

The malware LightlessCan, employed by Lazarus Group, is a silent but deadly threat, evading detection with its enhanced...

Brad Garlinghouse announcing the update on the Fortress Trust acquisition.

Ripple Abandons Planned Fortress Trust Acquisition Deal

September 29, 2023

Ripple, in a sudden twist, cancels the intended acquisition of Fortress Trust, emphasizing continuous support and investment in...

Press Releases

David Ferrucci next to the Elemental Cognition brand emblem.

BM Watson’s Lead Developer Secures $60M for New AI Venture, Elemental Cognition

August 18, 2023

David Ferrucci, has raised a remarkable $60M for his AI startup. The company brings forward two pioneering chatbot solutions designed...

pulse5

Amsterdam Gets with the Dutch Blockchain Days the Biggest Event of the Benelux in the Field of Blockchain, Crypto Currencies, NFTs and Other Web3 Developments

May 8, 2023

Discover the future of blockchain, crypto, NFTs, and Web3 at Dutch Blockchain Days, the largest event in Benelux.

pulse4

Korea Blockchain Week 2023 Set to Push the Boundaries after Record-Breaking 2022 Event

May 8, 2023

Korea Blockchain Week 2023 returns after a highly successful 2022 event, featuring leading experts and the latest trends in blockchain...

pulse3

Istanbul Will Be Hosting Eurasia’s Largest Blockchain Event Once again on May 8–11, 2023

May 8, 2023

Join Eurasia's largest blockchain event, the Blockchain Economy Istanbul Summit, May 8-11, 2023, and discover the future of financial technology.

View All
BTC-Pulse LogoTransparent

© 2023 BTC-PULSE. Disclaimer: The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

News

  • Altcoins
  • Bitcoin
  • Ethereum
  • NFT
  • Regulation
  • WEB 3.0

Info

  • Learn
  • Price Prediction
  • Events
  • Press Releases
  • Sitemap

Company

  • About Us
  • Terms of Service
  • Privacy Policy
  • Contact Us
  • Advertise

©2023 BTC-PULSE – All right Reserved.

No Result
View All Result
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise