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Crypto News Summary May 4
Crypto News Summary May 4: Judge Kaplan rejected Sam Bankman-Fried's retrial bid, underscoring that crypto's legal overhang remains a risk.
SBF Retrial Bid Rejected by Judge Kaplan
Judge Kaplan rejected Sam Bankman-Fried's bid for a new trial on April 28, denying his "new evidence" claim as his broader appeal moves ahead.
SBF Clemency Letter Faces Fresh Scrutiny
SBF's clemency bid faces new scrutiny as prosecutors flag possible prison mail and communication rule issues, undermining his push for leniency.
Nishad Singh Agrees to $3.7M CFTC Penalty
Former FTX engineering chief Nishad Singh agreed to a $3.7M CFTC penalty, extending regulators' crackdown over FTX and Alameda misconduct.
SBF Pardon Odds Drop After Parents Interview
SBF's pardon odds fell to 9%-11% on prediction markets after his parents' CNN interview, as traders saw reputational damage, not political momentum.
SBF Retrial Motion Hit as Prosecutors Question Letter
Yesterday prosecutors said a letter backing Sam Bankman-Fried's retrial motion looks suspect; tracking shows it mailed from Bay Area, not prison in federal court.
SBF Retrial Letter: Prosecutors Flag FedEx Discrepancies
Prosecutors urged skepticism of a retrial-support letter for Sam Bankman-Fried, citing FedEx tracking from Palo Alto, wrong facility, typed signature.
FTX Creditors Reject SBF Parents' No Loss Claim
SBF's parents say FTX customers lost nothing as payouts top 100%, but creditors argue 2022 petition values ignore the crypto rally and opportunity cost.
SBF Backs Trump Iran Strikes as Pardon Talk Builds
From prison, ex-FTX CEO Sam Bankman-Fried praises Trump and backs Iran strikes, fueling pardon talk and stirring crypto as Bitcoin sits today near $70,700.
FTX Recovery Trust to begin $2.2B creditor payouts March 31 as repayments ramp up
FTX Recovery Trust will start its fourth Chapter 11 distribution on March 31, paying about $2.2B to all eligible creditors via BitGo, Kraken or Payoneer.
Senators Blast Sam Bankman-Fried’s CLARITY Act Endorsement, Suggesting He’s Lobbying for a Pardon
Sam Bankman-Fried backs the crypto CLARITY Act from prison, prompting senators like Elizabeth Warren to call it a bid for goodwill and a pardon.
Trump ‘Has No Plans’ to Pardon FTX Founder Sam Bankman-Fried Despite Social Media and Lobbying Push
Trump has no plans to pardon FTX founder Sam Bankman-Fried despite social media and lobbying, keeping clemency odds low and crypto jitters contained for now.