Bitcoin’s tumble is piquing the interest of investors who view pronounced swings in the digital token as a possible precursor for broader changes in risk appetite in global markets. The cryptocurrency has shed about 4% in the past two days following a near 16% plunge in April, the worst monthly drop since Sam Bankman-Fried’s FTX … Read more
Sam Bankman-Fried, facing the prospect of spending much of his adult life behind bars, on Thursday appealed his conviction and 25-year prison sentence for stealing $8 billion from customers of the now-bankrupt FTX cryptocurrency exchange he founded. Defense lawyer Marc Mukasey had announced plans for the appeal to the Manhattan-based 2nd U.S. Circuit Court of … Read more
FTX founder Sam Bankman-Fried was sentenced to 25 years in prison Thursday, a court spokesman told The Hill. The disgraced cryptocurrency mogul was convicted last fall in the Southern District of New York on federal fraud and conspiracy charges related to his role in the collapse of his crypto exchange firm FTX in November 2022. … Read more
Sam Bankman-Fried, the disgraced founder and former CEO of the cryptocurrency exchange FTX, should receive between 40 and 50 years in prison for his role in one of the biggest cases of financial fraud in U.S. history, federal prosecutors said Friday. Bankman-Fried was convicted in November on seven counts of fraud and conspiracy, namely stealing … Read more
