FTX Founder Found Guilty Attempts to Rewrite Narrative: Critics Swiftly Respond
Bankruptcy Debate: Sam Bankman-Fried responded to a creditor's satire post, agreeing that FTX's bankruptcy management was flawed, while asserting that he is not guilty of wrongdoing despite the mismanagement claims.
Backlash and Accountability: His comments sparked criticism from on-chain investigator ZachXBT and venture capitalist Adam Cochran, who highlighted Bankman-Fried's lack of remorse and the need for accountability regarding his actions in the FTX collapse.
Court Appeal Challenges: Bankman-Fried's recent appeal to overturn his conviction faced skepticism from the 2nd Circuit judges, who questioned the strength of his claims and noted substantial evidence of guilt presented during the trial.
Revised Narrative: Following the reactivation of his X account, Bankman-Fried published a document claiming FTX was never insolvent, which was met with widespread rejection from experts, echoing arguments already dismissed in his trial.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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