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Justin Sun proposes billion-dollar fund to save crypto

Sun is apparently keen to start a billion-dollar fund to save the entire crypto space in the midst of a 20% drawdown of most tokens.

FTX-claims broker embezzled millions to spend on jewelry, art, and luxury hotels

Thomas Braziel, who founded bankruptcy claims firms 117 Partners and 507 Capital, had stolen from a fund connected to a firm called Fund.com.

Reports claim that over two-thirds of shareholders of Scaramucci’s $1.6 billion crypto fund had filed for redemption of their shares.

Sam Bankman-Fried’s mother, father, and brother reportedly helped advise on and manage the firm’s finances, says the Wall Street Journal.

Despite efforts to distance itself from FTX, Jump had ties to the fraudulent empire that the CFTC might now be investigating.