{"id":15067,"date":"2024-04-02T11:06:19","date_gmt":"2024-04-02T11:06:19","guid":{"rendered":"https:\/\/www.bitcoincasinos.com\/?p=15067"},"modified":"2024-04-05T13:48:22","modified_gmt":"2024-04-05T13:48:22","slug":"ftx-victims-look-for-compensation-after-sam-bankman-fried-handed-25-year-sentence","status":"publish","type":"post","link":"https:\/\/www.bitcoincasinos.com\/blog\/2024\/04\/02\/ftx-victims-look-for-compensation-after-sam-bankman-fried-handed-25-year-sentence\/","title":{"rendered":"FTX Victims Look For Compensation As Sam Bankman-Fried Handed 25 Year Sentence"},"content":{"rendered":"<p><strong>Sam Bankman-Fried was handed a 25-year prison sentence for leading a huge case of fraud related to FTX, as victims look for compensation.<\/strong><\/p>\n<h2>FTX Victims Look For Compensation<\/h2>\n<p>Bankman-Fried faced charges for defrauding investors and customers, leading to a 25-year sentence and will have to pay back $11Billion to those impacted.<\/p>\n<p>A recognised member within the crypto world, Zach Bruch, is now taking charge of the situation and is looking to find compensation for those impacted by FTX&#8217;s end.<\/p>\n<p>Bruch is one of the biggest singular creditors for FTX and was hired by the US Department of Justice to work on the FTX Creditors&#8217; Committee &#8211; looking to find money lost by users.<\/p>\n<p>The crypto creditor has took his own step in the realm of digital currency, creating his own casino venture MyPrize which is now worth a reported $140m.<\/p>\n<p>In a recent interview, Bruch lambasted Bankman-Fried&#8217;s actions and believes that a 25-year sentence will not reverse the damage experienced by the millions of victims.<\/p>\n<p>Bruch looked into the collapse of FTX and specified the moment he understood the magnitude of what had been done and being unable to withdraw money out of no where.<\/p>\n<p>Even with the severity of this situation, Bruch believes he can help to find the ideal outcome for each creditor and doing his due diligence for each victim.<\/p>\n<p>Bankman-Fried led his defense by claiming each FTX suffered zero losses, but Bruch has been adamant that each victim will be compensated for the &#8216;irreplaceable losses&#8217; handed to each user.<\/p>\n<p>This situation has put a stain on the crypto market but Bruch feels the growth and community within the digital world can still thrive.<\/p>\n<p>Bitcoin passed $70,000 benchmark earlier this year and Bruch highlighted this as a sign for crypto&#8217;s assets and its overall appeal.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sam Bankman-Fried was handed a 25-year prison sentence for leading a huge case of fraud related to FTX, as victims look for compensation. FTX Victims Look For Compensation Bankman-Fried faced charges for defrauding investors and customers, leading to a 25-year sentence and will have to pay back $11Billion to those impacted. A recognised member within &hellip; <\/p>\n","protected":false},"author":204,"featured_media":15075,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[5],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.9.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>FTX Victims Look For Compensation As Bankman-Fried Sentence<\/title>\n<meta name=\"description\" content=\"Sam Bankman-Fried was handed a 25-year prison sentence for leading a huge case of fraud related to FTX, as victims look for compensation.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bitcoincasinos.com\/blog\/2024\/04\/02\/ftx-victims-look-for-compensation-after-sam-bankman-fried-handed-25-year-sentence\/\" \/>\n<meta property=\"og:locale\" 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