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Cameron Winklevoss, co-founder and CEO of Gemini, has called for a review of the controversial dismissal of charges against FTX co-founder Sam Bankman-Fried (SBF). This request comes eight months after Judge Lewis Kaplan sentenced SBF to 25 years in prison.
Winklevoss’s Appeal
In a post on the X platform, Winklevoss urged the Justice Department to investigate SBF’s alleged campaign finance violations worth 100 million dollars. Notably, the Department of Justice (DoJ) had previously dismissed these charges, distancing SBF from political ramifications.
Winklevoss emphasized the public’s right to understand why the charges were dropped. He also stated that it would be beneficial for the public to know why funds were directed to Democratic Party candidates. His statements have triggered significant reactions among crypto stakeholders.
Impact of FTX’s Bankruptcy
Cameron Winklevoss is one of the major companies indirectly affected by the collapse of FTX. The exchange’s bankruptcy led to a loss of customer funds exceeding 8 billion dollars.
To maintain balance in the justice system, Caroline Ellison and Ryan Salame received prison sentences of 2 and 7.5 years, respectively, for actions leading to the exchange’s downfall. However, Gary Wang avoided prison, and Nishad Singh received no jail time due to their cooperation.
Following the convictions of the exchange’s executives, the Bankruptcy Committee announced that a timeline for FTX’s restructuring plan would commence in January. While the overall bankruptcy plan is nearly finalized, another court ruling is required for the restructuring plan.
Cameron Winklevoss’s requests are viewed as a significant step towards ensuring transparency and justice in the crypto industry. It is expected that the public will be accurately informed during this process and that legal proceedings will be conducted meticulously.
