Sam Bankman-Fried, or SBF, the disgraced cryptocurrency executive who was
Nearly all of FTX’s former customers will get back almost 100% of the money they lost at the time of the cryptocurrency exchange’s collapse — if not more.
Binance founder and former CEO Changpeng “CZ” Zhao was sentenced to four months in federal prison on Tuesday, first reported by the Associated Press.
Days after Sam Bankman-Fried received a 25-year prison sentence, the FTX founder released a statement to ABC News
Sam Bankman-Fried was sentenced to 25 years in prison on Thursday by Manhattan Federal Judge Lewis Kaplan. A jury found Bankman-Fried guilty of one of the largest white-collar crimes in history roughly five months ago. The 32-year-old could be in jail until he’s 57.
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.
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.
