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FTX Crypto Scandal with Local Ties and Star Power Ends In Miami Federal Court

Published:

The Wilkie D. Ferguson, Junior courthouse in downtown Miami presided over by United States District Judge K. Micheal Moore is getting ready for a reckoning of the big stars and the local ties.

The court is opposite the hall where former US president Donald Trump was indicted on the 13th of June.

Moreover, the perfect venue for the Bankman-Fired case is the Southern District Court of Florida since a “remarkable part of the FTX’s conduct” happened there at FTX’s United States headquarters.

In A Brief

  • Since last month June, the Miami Court was chosen for the judicial panel which decides the base for the famous yet linked civil actions. This led to lawyers most of which came from giant firms to flock over the court.
  • Judge Moore is experienced in complex cases. Besides, the United States Judicial Panel on Multi-District Litigation declared through its order on June 6 that, “they are sure that Moore will direct this issue expeditiously and prudently.”
  • As a result of this situation, Judge Moore will be forced to dispute the 19 pending cases against Sam Bankman-Fired, FTX founder along with other top executives of his bankruptcy crypto exchange.
  • Bankman-Fired criminal prosecutions were mostly filed on the East Coast and California as well as 3 which were filed in Miami.
  • Speculations are rising in the community that the FTX and former president Trump case may lead to a parlor game. So, many guesses are making the rounds regarding which case will come first.
  • But you can’t predict or even speculate since Trump is a delay tactic master. Moreover, the complexities of executive privilege as well as classified document laws accord Trump’s lawyers more material to work with.
  • However, as per Jasnoch’s statements regarding the preliminaries in the FTX case, Bankman-Fried may be tried, convicted, or exonerated before Trumps comes up on the defense seat in Moore’s courtroom.

Crypto Outlook

Meanwhile, the price of XRP at the time of this writing is $0.4734. there is a decline in its market cap by 0.06% and a decline in volume by 18.06%.

On the other hand, Dogecoin price is at $0.06523. with a market cap increase of 0.47% and a decrease in trading volume by 31.22%.

ALSO READ:A Crypto Firm & 12 Others Join Brazil’s CBDC Pilot Program

Right now, the price of Shiba Inu is at $0.000007532 with a market cap increase of 0.14% and a decline in volume by 22.12%.

At present, Bitcoin price is at $30,775.53, with an increase in market cap by 0.78% and trading volume decline of 7.06%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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