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Tag: Sam Bankman-Fried

Disgraced crypto tycoon Bankman-Fried jailed 25-year
Crypto featured

Disgraced crypto tycoon Bankman-Fried jailed 25 years

Disgraced cryptocurrency wunderkind Sam Bankman-Fried was sentenced to 25 years in jail on Thursday following his conviction in one of the biggest financial fraud cases in history. US prosecutors were seeking a prison term of 40-50 years after a New York jury found Bankman-Fried, known by his initials SBF, guilty in November following a five-week […]

Fraud: FTX CEO pleads for leniency, cites fund recovery
Tech

Fraud: FTX CEO pleads for leniency, cites fund recovery

In a detailed sentencing submission, Sam Bankman-Fried’s lawyer, Marc Mukasey, presented a compelling case before U.S. District Judge Lewis Kaplan, advocating for a lenient sentence for the FTX founder. Bankman-Fried stands convicted of orchestrating the misappropriation of $8 billion from customers of the now-bankrupt cryptocurrency exchange, a case that prosecutors have deemed one of the […]

FTX CEO Sam Bankman-Fried appeals imprisonment
News Tech

FTX’s Sam Bankman-Fried will not face second trial – Prosecutors

Sam Bankman-Fried, who was found guilty last month of stealing from clients of his now-bankrupt cryptocurrency exchange FTX, will not face a second trial, according to U.S. authorities. Prosecutors claimed that the advantages of a second trial were outweighed by the “strong public interest” in a speedy settlement of their case against the 31-year-old former […]

FTX's Bankman-Fried denies witness tampering
Crypto

FTX’s Bankman-Fried denies witness tampering

The founder of the embattled FTX cryptocurrency exchange, Sam Bankman-Fried, has vehemently denied seeking to intimidate witnesses before his upcoming October fraud trial. Addressing US District Judge, Lewis Kaplan, Bankman-Fried dismissed accusations of attempting to sway the case by providing writings to a New York Times reporter regarding his former partner Caroline Ellison. Bankman-Fried’s lawyer, […]

FTX sues Bankman-Fried, others over misappropriation of $1bn
Crypto

FTX sues Bankman-Fried, others over misappropriation of $1bn

In a high-stakes legal battle, FTX is on a mission to recover more than $1 billion that the company claims was misappropriated by its former CEO and Founder, Sam Bankman-Fried, along with other notable former executives. The allegations of financial misconduct have thrown the once-thriving crypto exchange into turmoil. The complaint, filed in a United […]