Deputy stage supervisor FTX digital forex, Ryan Salamewas sentenced this Tuesday in NY to finish seven and a half years jailthe primary of the supporters of the founding father of this firm, Sam Bankman-Fried, who was convicted on this case of fraud y cash laundering. The now convicted, 30-year-old should serve one other three years … Read more
FTX Crypto Exchange Posts Surprising Recovery in Bankruptcy Proceedings FTX Crypto Exchange Posts Surprising Recovery in Bankruptcy Proceedings Rare Outcome in US Bankruptcy Proceedings Cryptocurrency exchange FTX has exceeded the required funds to compensate its customers for losses suffered during its collapse in November 2022. This remarkable development, rarely seen in US bankruptcy proceedings, promises … Read more
Disgraced former FTX CEO Sam Bankman-Fried was just sentenced to 25 years behind bars in a ruling handed forth New York’s Southern District Court. Judge Lewis A. Kaplan announced the decision this morning. As posted by CNNBankman-Fried expressed regret for his actions and the people he harmed. “It’s been excruciating to watch,” he said. “Customers … Read more
Retirement Crisis: Larry Fink Warns Americans of Looming Financial Struggles Retirement Crisis: Larry Fink Warns Americans of Looming Financial Struggles Influential financier Fink raises concerns about retirement crisis In a recent letter addressed to Americans, Larry Fink, renowned Wall Street financier and Chairman and CEO of BlackRock, issued a dire warning about an impending retirement … Read more
The Rise of Crypto PACs and their Influence on US Politics The Rise of Crypto PACs and their Influence on US Politics Over the past year, the value of Bitcoin has witnessed a significant rebound, crossing $73,000. This surge in Bitcoin’s value has not only contributed to the popularity of cryptocurrencies but has also paved … Read more
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The court ruled after a five-week trial, and Bankman-Fried now faces up to 110 years behind bars. Judgment will be announced at a later date. In a federal lawsuit, some of his closest associates testified that he was primarily responsible for all the decisions that led to the disappearance of eight billion dollars from the … Read more
Former FTX boss Sam Bankman-Fried (c) leaving a New York court, July 26, 2023 (ANGELA WEISS) Former cryptocurrency figure Sam Bankman-Fried was jostled from the start of his cross-examination Monday in his federal trial in New York, with the prosecution listing his contradictions one by one. During the “SBF” hearing which began the previous week, … Read more
Bankman-Fried’s Defense Strategy Fails to Shift Blame in Fraud Case In the ongoing trial of Sam Bankman-Fried, also known as SBF, the defense strategy of shifting blame onto his former girlfriend, Ellisonova, has failed to convince the court. Bankman-Fried, the majority owner of the fund in question, has been attempting to portray Ellisonova as the … Read more
Jakarta – The fate of the FTX boss Sam Bankman Fried totally changed. From being able to go on a spree, now he has to face his biggest fear in prison. Bankman once had wealth of up to USD 16 billion in November 2022. But now his wealth has disappeared, along with the collapse of … Read more
The virtual asset market temporarily rebounded after plummeting due to concerns over asset sales by the bankrupt U.S. exchange FTX, but it continues to show sluggishness due to depressed investment sentiment. As of the morning of the 17th, the Bitcoin (BTC) price was in the 35 million won range, and has remained in the box … Read more