BlockBeats News, December 23rd, Musk replied to a tweet about "Guess who might get a pardon from President Biden in advance, the Democratic Party's second-largest donor (image showing Biden with SBF's AI)" by saying, "If this doesn't happen, I would be shocked."BlockBeats Note: Biden will step down as President of the United States at noon on January 20, 2025, and transfer presidential power to President-elect Trump. A U.S. presidential pardon refers to the President granting clemency to a federal offender (not including those who violate state laws). Article II, Section 2, Clause 1 of the U.S. Constitution grants the President the power of pardon. If the recipient of the pardon does not accept it, the presidential pardon will not take effect.

BlockBeats News, December 9th, according to Forbes report, former cryptocurrency billionaire SBF, who is currently serving a 25-year sentence at the Metropolitan Detention Center (MDC) in Brooklyn for fraud, has started writing his memoir.Forbes got an early look at some of the chapters, perhaps because SBF has not fully adjusted to his new reality yet. His writing style is likened to Jane Goodall documenting life with chimpanzees or a Victorian ethnologist observing foreign cultures."Most people will turn inward," SBF wrote, referring to other inmates. "They will fight over a banana." Other chapters focus on more mundane things, such as his struggle to obtain a pillow. "I lost my pillow tonight. So tonight I prop my head with a towel and a prison uniform. It's not working well, and my neck is already hurting," he wrote.

According to a report by Reuters on November 3, Sam Bankman-Fried, the founder of FTX, will also face trial for a second set of charges brought earlier this year by prosecutors, including allegations of foreign bribery and conspiracy to commit bank fraud. As previously reported by BlockBeats, Sam Bankman-Fried, the founder of FTX, was found guilty on Thursday of defrauding customers of his now-bankrupt cryptocurrency trading platform, in what is one of the largest financial fraud cases on record.

According to a report from BlockBeats on November 3rd, US district judge Lewis Kaplan has scheduled the sentencing of FTX founder Sam Bankman-Fried for March 28th, 2024. Bankman-Fried's defense lawyers have opposed several of Kaplan's rulings before and during the trial, and are expected to appeal the verdict. Earlier reports from BlockBeats stated that Bankman-Fried was found guilty of defrauding customers of his now-bankrupt cryptocurrency trading platform, making it one of the largest financial fraud cases on record.

According to BlockBeats news on November 3rd, FTX founder Sam Bankman-Fried was found guilty on Thursday of defrauding customers of his now-bankrupt cryptocurrency trading platform, in one of the largest financial fraud cases on record. The 12-member jury in Manhattan federal court found him guilty on all seven charges he faced after a month-long trial, with prosecutors alleging that he stole $8 billion purely out of greed from the trading platform's customers. The verdict came less than a year after FTX applied for bankruptcy in the wake of a rapid corporate collapse that shocked the financial markets and wiped out his estimated $26 billion personal fortune. Bankman-Fried stood with his hands clasped together as the verdict was read, and he pleaded not guilty to two counts of fraud and five counts of conspiracy.

BlockBeats reported on October 31st that during today's testimony, US prosecutors asked SBF: "Did you decide to spend billions of dollars on venture capital decisions in 2021 and 2022?" SBF responded, "I believe several billion dollars were my decision." SBF also admitted that he decided to invest billions of dollars in venture capital even before Alameda was ultimately hedged. According to Crunchbase data, FTX Ventures has invested in nearly 70 startups.

According to a BlockBeats report on October 31st, the Wall Street Journal reported that SBF admitted during a court hearing on Monday that some crypto companies received special privileges on FTX. When asked by prosecutors whether FTX customers could use their equity in external investments as collateral for the exchange, SBF stated that a company called Crypto Lotus could do so, which is associated with Three Arrows Capital.