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Samuel Bankman-Fried’s poster in downtown San Francisco.

MacKenzie Sigalos | CNBC

Two years ago, Sam Bankman-Fried was a 30-year-old multibillionaire living in a $35 million Bahamas penthouse, partying with his pals while running one of the world’s most valuable crypto companies.

Today, he’s a 32-year-old inmate at the Metropolitan Detention Center in Brooklyn, waiting for a judge to tell him how long he’ll spend behind bars for masterminding “one of the biggest financial frauds in American history,” in the words of U.S. Attorney Damian Williams.

Bankman-Fried, the founder and former CEO of failed crypto exchange FTX, will head on Thursday to a federal court in downtown Manhattan, where U.S. District Judge Lewis Kaplan will deliver his sentencing. Prosecutors have recommended a prison sentence of 40 to 50 years.

It took jurors only about three hours of deliberations in November to find Bankman-Fried guilty of all seven criminal accounts against him. For a high-profile monthlong trial that involved nearly 20 witnesses and hundreds of exhibits, experts said at the time that they’d never seen such a speedy decision. Bankman-Fried plans to appeal his conviction and sentence.

It was a steep and swift fall from grace for Bankman-Fried, who was once hailed as a titan of the industry and had a peak net worth — on paper — of roughly $26 billion.

Indicted FTX founder Sam Bankman-Fried leaves the U.S. Courthouse in New York City, July 26, 2023.

Amr Alfiky | Reuters

Bitcoin arbitrage

It started with the Kimchi Swap.

In 2017, as a quant trader at Jane Street, Bankman-Fried noticed something funny when he looked at bitcoin pricing on CoinMarketCap.com. Instead of a uniform price across exchanges, Bankman-Fried would sometimes see a 60% difference in the value of the digital currency. His immediate instinct, he said, was to get in on the arbitrage trade — buying bitcoin on one exchange and selling it back on another, pocketing the difference.

“That’s the lowest hanging fruit,” Bankman-Fried told CNBC in September 2022.

The arbitrage opportunity was especially compelling in South Korea, where the exchange-listed price of bitcoin was significantly higher than in other countries. It was dubbed the Kimchi Premium, a reference to the traditional Korean side dish of salted and fermented cabbage.

After a month of personally dabbling in the market, Bankman-Fried launched Alameda Research, named after the California county that housed his first office. Bankman-Fried told CNBC that the firm sometimes made as much as a million dollars a day trading bitcoin.

Alameda’s success spurred the launch of FTX. In April 2019, Bankman-Fried co-founded FTX.com, an international cryptocurrency exchange that offered customers innovative trading features, a responsive platform and a reliable experience. FTX’s success led to a $2 billion venture fund that seeded other crypto firms.

The FTX logo soon adorned everything from Formula One race cars to a Miami basketball arena. Bankman-Fried talked about one day buying Goldman Sachs, and he became a fixture in Washington as one of the Democratic Party’s top donors.

Then the market turned.

The so-called crypto winter of 2022 wiped out hedge funds and lenders across the crypto universe. Bankman-Fried boasted that he and his enterprise were immune. Behind the scenes, Alameda was borrowing money to invest in failing digital asset firms to keep the industry afloat.

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Alameda had borrowed from lenders including Voyager Digital and BlockFi, which both ended up going bankrupt. Alameda secured its loans with FTT tokens, minted by FTX. Bankman-Fried’s empire controlled the vast majority of the available currency, with only a small amount of FTT actually circulating at any time.

Alameda marked its entire hoard of FTT at the prevailing market price despite it being a virtually illiquid asset. The fund used the same methodology with other coins as well, including Solana and Serum (a token created and promoted by FTX and Alameda), using them to collateralize billions of dollars in loans. Industry insiders called the tokens “Sam coins.”

Virtual bank run

When faced with margin calls due to falling prices, Bankman-Fried turned to FTX customers’ deposits to the tune of billions of dollars by the middle of 2022. According to the firm’s own bankruptcy filings, it possessed almost nothing in the way of record keeping.

On Nov. 2, 2022, crypto trade site CoinDesk publicized details of Alameda’s balance sheet, which showed $14.6 billion in assets. Over $7 billion of those assets were either FTT tokens or Bankman-Fried-backed coins like Solana or Serum. Another $2 billion worth were locked away in equity investments.

Investors began withdrawing their holdings from FTX, creating the threat of a virtual bank run. Alameda and FTX now both faced a liquidity crunch.

On Nov. 6, four days after the CoinDesk article, Binance founder Changpeng Zhao dropped the hammer. Binance was the first outside investor in FTX in 2019. Two years later, FTX bought back its stake with a combination of FTT and other coins, according to Zhao.

Zhao wrote in tweet that, because of “recent revelations that have came [sic] to light, we have decided to liquidate any remaining FTT on our books.” FTX executives scrambled to contain the damage, and Alameda traders managed to fend off outflows for a couple days.

On Nov. 7, Bankman-Fried tried to show confidence, tweeting, “FTX is fine. Assets are fine.” The post was deleted.

Sam Bankman-Fried, the jailed founder of bankrupt cryptocurrency exchange FTX, is sworn in as he appears in court for the first time since his November fraud conviction, at a courthouse in New York, U.S., February 21, 2024 in this courtroom sketch. 

Jane Rosenberg | Reuters

Internal discussions were different. Bankman-Fried and other executives admitted to each other that “FTX customer funds were irrevocably lost because Alameda had appropriated them.” By Nov. 8, the client shortfall had grown to $8 billion. Bankman-Fried was courting outside investors for a rescue package but found no suitors.

FTX issued a pause on all customer withdrawals that day. FTT’s price plummeted by over 75%. Out of options, Bankman-Fried turned to Zhao, who announced that he’d signed a “non-binding” letter of intent to acquire FTX.com.

But a day later, on Nov. 9, Binance said it wouldn’t go through with the acquisition, citing reports of “mishandled customer funds” and federal investigations.

FTX filed for bankruptcy on Nov. 11, and Bankman-Fried resigned as CEO of FTX and associated entities. He immediately lost 94% of his personal wealth.

Sullivan & Cromwell, FTX’s longtime attorneys, approached John J. Ray, who oversaw Enron through its bankruptcy, to assume Bankman-Fried’s former position.

On Dec. 12, Bankman-Fried was arrested by Bahamian authorities and extradited to the U.S., where he was taken into custody. Federal prosecutors and regulators accused Bankman-Fried of perpetrating a fraud “from the start,” according to a filing from the SEC. 

Bankman-Fried was released on a $250 million bond and was initially living under house arrest with a court-ordered ankle monitor at his parents’ home in Palo Alto, California, on the Stanford University campus. He was soon taken back into custody for alleged witness tampering.

While Bankman-Fried awaited trial, many of his closest friends and confidantes turned into key witnesses for the prosecution, leaving the former crypto billionaire to defend himself. Less than a year after his arrest, the 12-person jury found Bankman-Fried guilty on all criminal charges against him.

CNBC’s Rohan Goswami contributed to this report.

WATCH: Prosecutors recommend 40-50 year prison sentence for Bankman-Fried

Prosecutors recommend a prison sentence of 40-50 years for Sam Bankman-Fried in FTX fraud

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GoTrax Everest electric dirt bike $2,021 off at new low and F2 20-inch e-bike for $674, EGO tools from $199, EcoFlow flash sale, more

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GoTrax Everest electric dirt bike ,021 off at new low and F2 20-inch e-bike for 4, EGO tools from 9, EcoFlow flash sale, more

Today’s Green Deals are being led by new and returning low prices on a pair of GoTrax e-bikes, starting with the brand’s Everest Electric Dirt Bike that is currently $2,021 off at a new $3,979 low. Right behind it is GoTrax’s F2 20-inch Folding e-bike that provides some solid commuting power while retaining a budget-friendly rate at its $674 low. Next, we’re seeing a small selection of new EGO Power+ deals, with the brand’s 56V 16-inch Cordless Electric Chainsaw that includes a 5.0Ah battery hitting the best price in years for $249. Lastly, EcoFlow’s Spring Sale has launched the final one-day-only flash sale with three different offerings, the best of them being a DELTA 2 Portable Power Station bundled with a smart extra battery for double the capacity, as well as coming with a protective bag – all for $799, while the other two are on add-on gear. Plus, all the other hangover Green Deals are in the links at the bottom of the page, like yesterday’s ALLPOWERS Spring Sale offers, Lectric’s St. Paddy’s Day e-bike deals, and more.

Head below for other New Green Deals we’ve found today and, of course, Electrek’s best EV buying and leasing deals. Also, check out the new Electrek Tesla Shop for the best deals on Tesla accessories.

GoTrax’s Everest electric dirt bike hits 53 MPH for up to 50 miles of adventure at new $3,979 low

Best Buy is now offering the GoTrax Everest Electric Dirt Bike for $3,979 shipped. Normally, you’d have to shell out $6,000 for this model at full price these days since it fell from its original $6,500 rate back in 2024. Discounts are fairly rare, with the previous ones we’ve seen over the last year almost entirely keeping to limited one-day-only timeframes, the lowest of which dropped costs to $4,000. That rate is getting beaten out here today with a 34% markdown, cutting $2,021 off the tag to go right back into your pocket, dropping the price to the lowest we have seen. It’s also beating out the pricing we’re seeing direct from GoTrax’s website, where it’s down at $4,500.

An ideal option for motocross fans and riders looking to electrify their fun and toss out the need for noisy fume-belching gas-guzzlers, GoTrax’s Everest electric dirt bike races along with a 4,000W rear-drive motor (peaking at 8,000W). It reaches top speeds of 53 MPH while the removable 72V 32Ah battery gives you up to 50 miles of riding before needing a 4-hour charge.

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GoTrax’s Everest dirt bike weighs in much lighter than you’d expect at just 172 pounds, with a bunch of features that only make your riding experience better. You’ll find multiple riding modes, dual-shock suspension, hydraulic disc brakes, and the off-road tires smoothing out rides and offering more control. There’s also the dual headlights, the taillight with brake lighting and turn signals, as well as mudguards and an LED digital display.

GoTrax F2 20-inch Folding e-bike

GoTrax’s 40-mile trekking F2 20-inch folding e-bike returns to the $674 low (Save $226+)

Amazon is now offering a great opportunity to score a budget-friendly commuting solution in the form of GoTrax’s F2 20-inch Folding Electric Bike at $674 shipped. This model already starts at a fairly reasonable $900 full price at Amazon, with higher $1,199 MSRPs from GoTrax. Discounts have been few and far between over the year, mostly coming directly from GoTrax’s website, and only going as low as $674. You’re looking at a solid 25% markdown here today, giving you $226 off Amazon’s rate ($525 off its original MSRP) at the lowest price we have tracked. You’ll also find it matching directly from GoTrax’s site right now too.

GoTrax’s F2 20-inch e-bike makes a great commuting option for newbies and experienced riders, especially if you’re trying to get around without making a serious dent in your savings like higher-end models will. The Folding body here helps you to conserve space when it’s not in use, while the combination of its 500W brushless motor and 10.4Ah battery provides you with 20 MPH top speeds for up to 40 miles when supported by the PAS system and 22 miles cruising on pure electricity – all on a 5.5-hour charge.

It’s been given more urban-focused tires that can still handle going off road, with front shock absorbers and a transmission system that can handle beach and mountain terrain. You’ll also have a 7-speed derailleur for folks who like getting some cardio in, dual disc brakes, an LED headlight, and a full color display for setting adjustments and performance data.

EGO Power+ 56V 16-inch cordless electric chainsaw

EGO’s 56V 16-inch cordless electric chainsaw returns to best price in years at $249

Amazon is now offering the EGO POWER+ 56V 16-inch Cordless Electric Chainsaw with 5.0Ah battery for $249 shipped. Usually keeping around $299 most days, this model sees far less discounts than its counterparts with smaller batteries and has been holding strong at $299 since early November, being skipped over for Black Friday sales entirely. Aside from a lone Lightning Deal back in July 2023, this is the lowest price we have tracked thanks to the $50 markdown hitting it today.

Whether you’re dealing with the cleanup after the winter season, setting yourself up with plenty of firewood, or more, it’s always handy to have a reliable means to cut through it all – plus, there’s no more dealing with the fumes and noise from gas-guzzlers. With the included 5.0Ah battery, this 16-inch chainsaw will make quick work of wood with up to 250 cuts per every full charge at up to 6,800 RPMs, delivering the equivalent performance of a 35CC gas model. Fitting right in with the brand’s ecosystem, you can even interchange batteries you may already have for extended runtimes while also ensuring that sudden weather changes won’t ruin its functioning, thanks to the IPX4 weather-resistant construction.

Other notable EGO lawncare deals:

There’s still a ton of hangover deals on EGO brand equipment right now that are worth considering. If you tend to have plenty of batteries lying around and want to get some extra usage out of them, check out the $249 low on EGO’s Nexus Escape 400W 3-Port Inverter Kit. We’re also still seeing the 56V 21-inch Cordless Self-Propelled mower that comes with two 6.0Ah batteries for a 100-minute runtime keeping to its new $700 low, as well as the new $3,999 low hitting the larger Z6 42-inch Zero-Turn Electric Riding Lawn Mower with four 10Ah batteries.

EcoFlow DELTA 2 Portable Power Station with smart extra battery

It’s the penultimate day of EcoFlow’s Spring Sale which means its the final one-day flash sale of the event, and the brand is offering three different deals – two direct from its site and one coming from its official Amazon storefront. The most notable of the bunch delivers a DELTA 2 Portable Power Station bundled with a smart extra battery and a protective carrying bag for $799 shipped. Normally, just the power station and battery combo would run you $1,798 at full price, with discounts often taking things as low as $899 in past sales, especially when offered as a limited flash option. Today’s deal not only beats out all the former rates for those two devices, but you’ll also be getting the protective bag at no extra charge, landing things down at the lowest price we have tracked.

EcoFlow’s DELTA 2 power station starts with a 1,024Wh capacity that bumps up to 2,048Wh with the bundled extra battery and can go even further to 3kWh with another added on. Through its 15 port options it delivers up to 1,800W of power output, surging up to 2,700W when needed by larger devices/appliances. It sports a 500W max solar input, so pairing this setup with a 400W or two 220W panels will provide a full charge in six to twelve hours. Plugging the power station into a wall outlet would normally yield an 80% battery in 50 minutes and a 100% battery in 80 minutes, so it will take about twice that time with the extra battery hooked up too.

The other two deals during this flash sale are on add-on gear for your existing power station setup, with the first giving you two 160W Portable Solar Panels for $549 shipped, which would usually cost $898 paired together. The last of them comes from Amazon, offering a DELTA 2 Max Smart Extra Battery for $949 shipped, down from $1,399. With this added onto your DELTA 2 Max power station, you’ll expand its 2,048Wh capacity to 4,096Wh.

Be sure to check out the full lineup of EcoFlow’s Spring Sale while the savings last through tomorrow (March 13) with up to 59% being taken off units until then – plus there’s bonus savings, and a free gift option.

Best New Year EV deals!

Best new Green Deals landing this week

The savings this week are also continuing to a collection of other markdowns. To the same tune as the offers above, these all help you take a more energy-conscious approach to your routine. Winter means you can lock in even better off-season price cuts on electric tools for the lawn while saving on EVs and tons of other gear.

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Toyota’s new FT-Me is much more than a micro EV, it even has a solar roof

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Toyota's new FT-Me is much more than a micro EV, it even has a solar roof

What exactly is the FT-Me, and why do we need one? Toyota unveiled a new micro EV on Thursday, dubbed the FT-Me. It’s small, but Toyota is hyping it up as an affordable alternative. It even has a solar roof to boost range.

Meet the Toyota FT-Me, a mini EV with a solar roof

Toyota just went on the EV offensive. After unveiling its new electric SUV, the C-HR+, on Thursday, the auto giant introduced its first mini EV.

The FT-Me is a fully electric 2-seater “that combines premium design with affordability.” At just 2.5 meters (98″) long, the micro EV is about the size of an average golf cart.

Despite its small size, Toyota says the micro EV comfortably fits two. Inspired by a jet helmet, its design makes it easier to maneuver, making it perfect for city travel, getting around campus, and other quick trips.

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Toyota says the FT-Me’s propulsion system uses 3X less energy per km than current high-capacity electric vehicles. With recycled materials, the company aims to cut its carbon footprint by 90% compared to the city vehicles we see today.

To maximize range and efficiency, Toyota added a solar roof, which can charge the battery, adding 20 to 30 km (12 to 19 miles) range per day. The driving range is expected to be around 100 km (62 miles). In cities, this is more than enough to cover daily travel.

The mini EV is designed for all ages, including those as young as 14 with an entry-level driver’s license. With its latest connectivity, software, and other advanced tech, Toyota says the FT-Me is a customizable option for teenagers and business professionals alike.

With a unique steering wheel, it can also be driven entirely by hand commands, making it a perfect solution for wheelchair users.

As city travel continues evolving, Toyota said the FT-Me EV “provides a versatile, sustainable, and stylish solution.”

Toyota-FT-Me-EV
Toyota FT-Me micro EV (Source: Toyota)

Will Toyota’s new micro EV compete with the Citroen Ami? It’s about the same size and the Ami, which starts at around $7,000 (€6,090). Powered by a 5.5 kWh battery, the Ami has a WLTP range of 46 miles.

Would you buy Toyota’s micro EV in the US for around $10,000? Don’t get too excited yet. With little demand for mini cars in the US, the FT-Me is not expected to arrive in the states. Hopefully, Toyota surprises us.

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Velotric Nomad 2 review: A feature-packed fat-tire e-bike with crazy comfort

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Velotric Nomad 2 review: A feature-packed fat-tire e-bike with crazy comfort

Fat-tire electric bikes are all the rage these days, designed to triumph on the trails but just as often seen conquering the pavement. Now the newly-released Velotric Nomad 2 is here to take a slice of that adventure-ready market. Designed for riders who want a mix of commuting practicality and off-road capability, this e-bike brings a powerful motor, excellent comfort, and a surprising amount of premium features at a relatively affordable price. But how well does it actually perform? I put it to the test to find out.

Velotric Nomad 2 Video Review

Velotric Nomad 2 Tech Specs

  • Motor: 750W rear hub motor with 90Nm of torque
  • Top speed: 28 mph (50 km/h) when unlocked to Class 3 mode
  • Range: Claimed up to 65 miles (up to 105 km)
  • Battery: 48V 14.7Ah 705Wh
  • Weight: 75 lb (34 kg)
  • Load capacity: 505 lb (230 kg)
  • Frame: Aluminum alloy
  • Tires: 26×4.0″ puncture-resistant fat tires
  • Brakes: Dual-piston Tektro hydraulic disc brakes on 203/180mm rotors (front/rear)
  • Price: US $1,999
  • Extras: Color LCD display with USB-C phone charging port, 15 pedal assist levels, front and rear LED light with brake light and rear turn signals, 100mm travel hydraulic suspension fork, kickstand, internally routed cables, removable battery, cadence sensor and torque sensor (user selectable to switch back and forth between the two), UL-compliant battery and e-bike system, adjustable stem, and suspension seat post

Big on power, big on tires!

At the heart of the Nomad 2 is a 750-watt rear hub motor cranking out 90 newton-meters of torque. With all the new regulations hitting e-bikes, Velotric seems to be a bit cagier about publishing peak power specs, but the motor feels like it’s one of those 1,300-ish peak watt motors, and the 90 Nm torque spec reveals there’s some serious oomph in that hub motor! That’ll make it strong enough to take on steep hills and power through loose terrain like sand or gravel without breaking a sweat.

I’m glad to see a torque sensor included on the bike for smoother and more responsive pedal assist, but interestingly, riders can toggle between cadence and torque sensing in the settings, which is a unique touch for a bike at this price. The torque sensor offers a more natural pedal feel, responding to how hard you push, while the cadence mode is better suited for those who just want an easy ride with minimal effort. In effect, the cadence sensor basically works like a foot-activated throttle. If your feet are moving, the motor is working.

In practice, both work well, though torque sensing is where you’ll get the best mix of efficiency and responsiveness that makes it feel more like a pedal bike… just a pedal bike being ridden by someone with a professional cyclist’s tree trunk leg muscles.

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Speaking of having the power to handle loose terrain like sand and soil, the Nomad 2 rides on 26-inch fat tires, meaning you get plenty of grip and rollover capability for uneven terrain. It also comes with a 100mm travel front suspension fork, helping to smooth out the bumps. And to add even more comfort, a parallel linkage suspension seat post gives you a nicer ride on your own caboose than the cheaper telescoping suspension seat posts we often see. Velotric spent the extra change necessary to upgrade that component, and it’s one you can really feel when the riding gets bumpy. A quality suspension seat post like this makes a big difference. It’s not the same as true rear suspension, but it goes a lot of the way there for casual riders wanting to take the jolts out of their riding. Combined with that hydraulic suspension fork, the bike rides quite nicely on uneven terrain.

The Nomad 2 ships in 20 mph (32 km/h) top speed mode, but you can go into the settings and unlock a top. speed of 28 mph (45 km/h) on pedal assist. You’re still limited to 20 mph on throttle, but pedaling gets you the higher speed for long straightaways that are more fun at higher speeds.

You can even limit the speed lower if you’d like, down to 12 mph (20 km/h). Basically, you’ve got a lot of room to play around with limits on the bikes.

The 705 Wh battery is UL-certified and claims a range of up to 65 miles (105 km), though that’s in ideal conditions with pedal assist. In the real world, they claim a throttle range of 45 miles (72 km) on throttle when riding on flat ground. If you’re a heavier rider or have less-than-ideal conditions, you’ll get a bit less. But with a big 700+ Wh battery, there’s still plenty of energy in there for long rides, especially since few of us spend more than 40 miles in a row in the saddle on any single ride.

Charging is relatively fast, taking about five hours from empty thanks to the 3A charger. The battery is removable, so you can bring it inside to charge instead of hauling the whole bike to an outlet. At 75 lb (34 kg), hauling the entire bike around is a bit of a chore, so removable batteries are a must for many people who don’t have easy access to an outlet, such as in a garage. Apartment dwellers with bike rooms on the ground floor, I see you because I am one of you.

With hydraulic disc brakes on 203mm front and 180mm rear rotors, the Nomad 2 has plenty of stopping power. The brake levers feel solid, and there’s no mushy response when grabbing a handful of brake at speed.

Quality brakes are a must for a powerful, fast, and heavy electric bike. Velotric definitely delivered there.

Handling is predictable and stable, thanks in part to Velotric’s frame geometry, which helps the bike feel planted at higher speeds. Even with the bulk of a fat-tire bike, it never felt too unwieldy.

There are even two sizes available so riders can choose a frame closer to their ideal size. That also helps out shorter and taller riders who tend to find themselves at the extreme ends of the size spectrum on one-size-fits-all electric bikes. With multiple sizes, plus options for step-over and step-thru frames, riders have a lot of fitment choices.

Velotric packed in a surprising amount of tech for a bike in this price range. The 2.4-inch color display is bright and easy to read, offering all the ride stats you’d expect. The bike is also Apple Find My compatible, meaning if someone swipes it, you’ll have a shot at tracking it down, as long as you have an iPhone. I LOVE when companies incorporate this technology because it gives me added peace of mind knowing there’s some hope of finding my bike if it ever walks off.

Other notable features include an AirLock system for keyless unlocking via the Velotric app, a 360-degree lighting setup, including an automatic headlight that adjusts brightness based on surroundings, and integrated rear turn signals. I often ridicule e-bike makers for including turn signals that are unclear and a waste of space. In this case, Velotric’s are actually decent, though still not idea. They’re pretty close to the centerline of the bike making it a bit hard to tell that they are directional signals, but the amber color instead of red does help somewhat distinguish them. These have a prayer of being understood to be directional indicators, though I definitely still signal with my arms when I want to be more confident that drivers understand what I’m about to do. I know some of them will still be oblivious, but I want to give myself the best odds possible.

Overall, I’d say the lighting features are a welcome upgrade in the commuter-friendly category. Adding in the included rear rack and fender set, which both come standard, makes this fat tire adventure bike equally read for on-road commuting adventures.

Closing thoughts

I think it is fair to say that the Velotric Nomad 2 isn’t a hardcore trail bike, but it’s also not just a casual cruiser. It hits a nice middle ground for riders who want an all-terrain e-bike that’s just as comfortable on pavement as it is on dirt trails.

At $1,999, it’s not the cheapest fat-tire e-bike out there, but for the build quality and features, it puts up a good fight. You can definitely get your off-roading rocks off for less money elsewhere, but the added features like solid lighting, UL certification, submersible battery, location tracking, cadence/torque sensor selection, and more all combine to add some real value here that you don’t find from many other brands. It’s also backed by a solid company with many years of solid reputation building, which is becoming more important in an industry flooded with questionable brands still popping up all over the place.

I’d say that the Nomad 2 delivers a lot for the money, especially when you factor in its power, range, hydraulic brakes, and premium tech features. It’s smooth, fast, and versatile enough to handle commuting, off-road riding, and everything in between.

Velotric clearly put effort into refining the ride experience, and it shows. While it doesn’t reinvent the fat-tire e-bike, it does a lot of things right—and that’s exactly what most riders need.

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