Sam Bankman-Fried’s only way out is ratting on Binance and Tether
Sam Bankman-Fried’s only hope of not spending the best years of his life behind bars is to dish the dirt he has on the biggest crypto criminals: Binance and Tether.
Sam Bankman-Fried’s only hope of not spending the best years of his life behind bars is to dish the dirt he has on the biggest crypto criminals: Binance and Tether.
Retail investors talk poorly of blockchain projects and are skeptical about their future because most of them invested in vaporware which is now down 85% on their initial investment.
Just a day after his extradition from the Bahamas to New York City, FTX CEO Sam Bankman-Fried was freed on a US$250 million bond, although he'll have to remain under virtual house arrest.
As per U.S. securities regulator, Caroline Ellison had misappropriated customer funds from FTX to use in Alameda's trading activity, while Wang had created the software that allowed this to happen.
SBF's options for a comfortable life and freedom appear to be dwindling as he faces spending a lifetime in jail without parole should a U.S. court convict him on the eight charges he's facing.
U.S. Senate Committee on Banking, Housing, and Urban Affairs hearing into the FTX collapse mocked Kevin O’Leary, who is lamenting the loss of the $15m tokens he received for being FTX’s spokesman.
CEO John J. Ray III tells lawmakers that what separates FTX's bankruptcy from other exchanges that went insolvent is that the former lacked record-keeping, making it seem like its crimes were “not sophisticated at all.”
If convicted of eight counts of charges filed by the DOJ, Sam Bankman-Fried could see himself landing 115 years in prison.
Following his arrest in the Bahamas, SBF will have to face charges brought against him, with former FTX CEO John Ray III set to testify in court over the exchange's collapse.
Sam Bankman-Fried has been arrested by authorities in the Bahamas and is now awaiting extradition to the US to face several charges tied to the FTX's collapse.
FTC revealed to Bloomberg it’s going after several companies over their ads, but withheld their names, months after Kim Kardashian settled with SEC for $1.3 million.
Coinbase is slamming bankrupt rival digital asset exchange FTX’s accounting practices, Apple’s NFT policies, and any other bad news, while Circle plans to go public.