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Prosecutors in New York asked a court on Friday to sentence crypto fraudster Sam Bankman-Fried to between 40 and 50 years in prison for defrauding crypto investors and extracting billions of dollars from his companies
It’s official: There will be no further attempts to salvage FTX. The once popular but now defunct crypto exchange that “misplaced” billions of dollars in user assets before collapsing in a heap of scandal is officially headed to the corporate graveyard.
The X account belonging to the Securities and Exchange Commission was hacked on Tuesday, allowing a fake announcement to be posted to the web concerning a
Meta Sues FTC, Says it Has No Constitutional Right to Stop Facebook From Profiting Off of Kids' Data
Meta is working all the angles it can to ensure it will still be able to profit from children’s Facebook data. After a recent loss in court, the company has now sued the Federal Trade Commission, arguing the agency doesn’t have the constitutional authority to change a 2020 $5 billion settlement over the company’s…
Sam Bankman-Fried may be headed to prison but the story of FTX is far from over. Like an evil spirit, the exchange seems destined to haunt the crypto community for the rest of its days.