Drew Angerer Never trust a fat banker or a skinny cook. -French proverb. This week, a New York federal court sentenced disgraced crypto mogul Sam Bankman-Fried to 25 years in prison for his role in one of the largest frauds in U.S. financial history. Bankman-Fried co-founded FTX (FTT-USD), a now-defunct cryptocurrency exchange and hedge fund….
Sam Bankman-Fried, founder of the FTX cryptocurrency exchange, has been sentenced to 25 years in prison by a judge in New York for orchestrating an $8 billion theft from FTX customers. 🚨 BREAKING: JUDGE SENTENCES SAM BANKMAN-FRIED TO 25 YEARS IN PRISON FOR MULTI-BILLION DOLLAR FTX FRAUD pic.twitter.com/M9HotmBma2 — Bitcoin Magazine (@BitcoinMagazine) March 28, 2024…
Each of Bankman’s other crimes carries a maximum prison sentence of between 5 to 20 years. The five-week-long criminal trial of former FTX CEO Sam Bankman-Fried (SBF) has finally concluded. Sam Bankman-Fried, who was charged with multiple counts of fraud and criminal conspiracy, has been found guilty of all seven charges against him. The decision…
SBF began his official testimony in the case against him on October 27. The former FTX CEO Sam Bankman-Fried’s (SBF) criminal trial took a new turn last week after he agreed to give his testimony before jurors. The Criminal Trial So Far The SBF trial kicked off with jury selection on October 3. Since then,…
As FTX disgraced founder Sam Bankman-Fried steps to defend himself in the court on Thursday, here’s what has transpired ever since the FTX bankruptcy. Sam Bankman-Fried will testify in defense of his actions leading up to the collapse of FTX and his entire digital asset empire. His legal team confirmed during a conference call with…
“People want an authority to tell them how to value things, but they choose this authority not based on facts or results –– they choose it because it seems authoritative or familiar.” –Michael Lewis, The Big Short. Renowned author Michael Lewis published his book, Going Infinite: The Rise and Fall of a New Tycoon, on…
This article is featured in Bitcoin Magazine’s “The Broke Issue”. Click here to subscribe now. The story of Bitcoin has certainly had its fair share of nefarious characters, criminal activity, bad haircuts and worse wardrobes, and yet our anti-hero du jour has seemed to outdo them all. Sam Bankman-Fried, better known by the three letter…
The lawyers representing SBF noted that their client would require more time to prepare for the defense case in October. FTX founder Sam Bakman-Fried‘s legal team argued on Friday that if he’s not granted the ability to leave jail, it would impose unreasonable difficulties in preparing for his criminal fraud trial scheduled for October. As…