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sam bankman fried
The bankrupt FTX cryptocurrency exchange's debtors have submitted a revised Chapter 11 reorganisation proposal, suggesting that the worth of customer asset claims will be retrospectively determined from the moment the exchange collapsed in November 2022.
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According to an article on CoinTelegraph, Bitcoin did not reach $100,000 during the 2021 bull market due to the assertion that the now-defunct exchange FTX continuously offloaded BTC.
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During her second day of testimony in the trial of Sam Bankman-Fried on October 11, Caroline Ellison provided further insights into the events leading up to the expected FTX crisis in November 2022. 
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Gary Wang, the former co-founder and chief technology officer of FTX, testified before a jury, asserting that he, along with Bankman-Fried, and former colleagues Caroline Ellison and Nishad Singh, were involved in various fraudulent activities.
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