sam bankman-fried

Former cryptocurrency billionaire Sam Bankman-Fried is facing between 40 and 50 years in prison due to crypto scam In November 2023, Sam Bankman-Fried the CEO of FTX (cryptocurrency exchange), was found guilty of some really serious stuff. The charges against him was fraud, conspiracy, and...

FTX founder Sam Bankman-Fried told a jury Friday that he didn't carry out misrepresentation and didn't take client funds, starting his defense against criminal accusations that he took billions from his cryptocurrency exchange and spent the cash on ventures, political gifts, and land. He did...

The collapse of the FTX empire has started to put pressure on other crypto exchanges as well. BlockFi, a cryptocurrency lending firm, has been the most severely impacted. BlockFi was on the verge of closure as economic pressure mounted after Iowa imposed heavy fines on it, with SBF-owned firms...