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 money laundering. It's a big deal because the prosecutors say these crimes involved a ton of money and hurt lots of people, over a million, in fact.">
The prosecutors think that Bankman-Fried came up with a plan to trick investors, customers, and lenders. They say this plan caused FTX to fall apart. That's a big accusation!
Because of how serious these accusations are, the prosecutors are asking for a really tough punishment. They want Bankman-Fried to spend between 40 and 50 years in prison.
Read full news on Cryptocrit.xyz
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 money laundering. It's a big deal because the prosecutors say these crimes involved a ton of money and hurt lots of people, over a million, in fact.">
The prosecutors think that Bankman-Fried came up with a plan to trick investors, customers, and lenders. They say this plan caused FTX to fall apart. That's a big accusation!
Because of how serious these accusations are, the prosecutors are asking for a really tough punishment. They want Bankman-Fried to spend between 40 and 50 years in prison.
Read full news on Cryptocrit.xyz
