Newly-released audio has surfaced on social media featuring an interview with Sam Bankman-Fried, the disgraced founder of FTX. In the interview, conducted during his house arrest, Bankman-Fried reflects on the idea of life in prison and admits to feeling guilt and culpability for the harm he has caused. Despite not wanting to think about the […]
Sam Bankman-Fried, the founder of FTX, has been found guilty of fraud and conspiracy to commit fraud. The jury reached their verdict quickly after a short deliberation period. Throughout the trial, questions arose about how this situation could have been prevented and what can be done to avoid similar incidents in the future. Some argue […]
The Federal Reserve Bank of Chicago has issued a cease and desist letter to Bitcoin Magazine, accusing the magazine of trademark infringement. The letter claims that Bitcoin Magazine used the term “FEDNOW” on its merchandise without the Federal Reserve’s consent. The Federal Reserve argues that this could cause confusion among consumers and make them believe […]
The U.S. Securities and Exchange Commission (SEC) has filed a motion for summary judgment in its case against Terraform Labs and its co-founder, Do Kwon. The SEC alleges that Terraform and Kwon orchestrated a fraudulent scheme that resulted in a $45 billion market loss. The regulator claims that Kwon was a key participant in Terraform’s […]
Sam Bankman-Fried, the founder of cryptocurrency exchange FTX, has been convicted on seven charges in New York. The jury found him guilty of embezzling $8 billion in customer funds, which he used for speculative purposes and to fund an extravagant lifestyle. The verdict, delivered by the jury, has exposed Bankman-Fried’s true intentions and shattered the […]
Sam Bankman-Fried, the founder of FTX, has been found guilty of all charges brought against him in a trial in New York. This verdict has sparked reactions within the crypto community. Hayden Adams, the founder of Uniswap, acknowledged that while the guilty verdict was the right outcome, it doesn’t necessarily translate to a victory for […]
Former cryptocurrency mogul Sam Bankman-Fried has been found guilty on all charges after a month-long trial. The jury unanimously convicted him on seven counts of fraud, embezzlement, and criminal conspiracy. Bankman-Fried, once a young billionaire in the world of cryptocurrencies, was accused of misappropriating up to $10 billion by siphoning off customers’ money to his […]
The United States Securities and Exchange Commission (SEC) has challenged the jury’s decision regarding Terraform Labs’ alleged violations and is seeking a summary judgment on all claims. The SEC argues that Do Kwon, co-founder of Terraform Labs, should be held accountable for the company’s violations of Exchange Act Section 10(b) and Rule 10b-5. The SEC […]
Sam Bankman-Fried, the founder of FTX, a crypto exchange that collapsed last year, has been found guilty on all counts in his fraud trial. A federal jury convicted Bankman-Fried on seven criminal charges, including wire fraud, securities fraud, conspiracy, and money laundering. Prosecutors accused him of stealing billions in customer funds from FTX to cover […]
Former FTX CEO Sam Bankman-Fried has been found guilty of all seven charges in his criminal trial by a jury in New York. The charges include wire fraud, wire fraud conspiracy, securities fraud, commodities fraud conspiracy, and money laundering conspiracy. Bankman-Fried’s crimes carry a maximum sentence of 110 years in prison. Other key FTX executives […]
