Sam Coins Defy Bankruptcy: Crypto Assets Surge Despite Legal Troubles
• So-called Sam Coins, promoted by the now-defunct FTX exchange’s founder Sam Bankman-Fried, have staged a surprising recovery this month despite FTX’s bankruptcy proceedings and Bankman-Fried’s criminal charges. • The value of these crypto assets, such as FTT, Solana, Oxygen, and Maps, have increased despite the negative news, with FTT up 160% this month after shedding almost all of its value in 2022. • Rumors circulate that the platform’s operators are assessing the possibility of re-launching the beleaguered FTX. The…