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Inside Sam Bankman-Fried's Multi-Billion Dollar FTX Fraud
Former cryptocurrency billionaire Sam Bankman-Fried, 32, has been sentenced to 25 years in prison for his involvement in a major financial scam related to the collapse of the FTX crypto exchange.
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Sam Bankman-Fried Convicted of Financial Fraud: What Next For FTX Founder?
FTX founder Sam Bankman-Fried was convicted on Thursday of orchestrating a multibillion dollar fraud on the cryptocurrency exchange's customers.
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Explained: The Case Against Crypto Mogul Sam Bankman-Fried
Bankman-Fried was arrested from his apartment in the Bahamas on December 12 following the request of prosecutors in New York in connection to the fall of his cryptocurrency business.
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Cryptocurrencies Don't Pass Test Of Being Financial Asset: Economic Survey
Cryptocurrencies have no intrinsic cashflows to them and the latest collapse of the crypto exchange FTX exposes the vulnerabilities in such investments, the Economic Survey document for 2022-23 tabled on Tuesday said.
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Customers, Banks Should Be Wary Of Risks From Crypto-Assets, Warn US Regulators
The joint statement by US regulators, the first of its kind, also termed contagion risk within the crypto-asset sector, which may result from interconnections among certain crypto-asset participants as one of the concerns.
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Pressured By Lawyers To Name Replacement: FTX Founder Sam Bankman-Fried
FTX founder Sam Bankman-Fried said he was pressured into nominating John Ray as chief executive of the crypto exchange in early November by Sullivan and Cromwell lawyers.
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Binance's Changpeng Zao Flags Possible $1 Billion Fund For Distressed Assets: Report
Cryptocurrency exchange Binance is aiming for a roughly $1 billion fund for the potential purchase of distressed assets in the digital sector, Bloomberg News reported today.
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Bankrupt Crypto Exchange FTX Fires Three Off Its Top Executives: Report
FTX has fired some top executives, including co-founder Gary Wang, the Wall Street Journal reported on Friday.
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"Crypto Is Not Going Away": Binance CEO Casts Himself As New Saviour
Among the many things shattered in the collapse of FTX was the image of Sam Bankman-Fried as the crypto industry's benevolent king.
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Visa Terminates Global Debit Card Agreements With Debt-Ridden Crypto Exchange FTX
Visa said on Sunday it was severing its global credit card agreements with collapsed crypto exchange FTX.
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"Really Sorry, Again": Crypto Exchange FTX Founder As His Firm Collapsed
Days after FTX exchange filed for bankruptcy, company founder Sam Bankman-Fried addressed his followers in a series of tweets.
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Crypto Token Tron Founder Justin Sun Ready To Give Billions In Aid To FTX: Report
Justin Sun, founder of the crypto token Tron, said he was prepared to provide FTX with billions in aid, according to a tweet by a Bloomberg News reporter on Friday.
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FTX Scrambles For Funds As Regulators Take Action
Regulators froze some assets of distressed cryptocurrency exchange FTX and industry peers raced to limit losses on Friday.
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FTX Collapse: How the Crisis-Hit Platform's Financial Struggles Are Affecting The Global Crypto Landscape
FTX was rocked by a dramatic series of events this week, centred around the crisis-hit platform's lack of liquidity. A deal with rival Binance fell through earlier this week, and the ongoing saga is reverberating across the global cryptocurrency landscape. From the impact of the collapse on rivals, to the chances of regulatory scrutiny, here's ever...
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Crypto's FTX Chief Looking At All Options After Binance Deal Collapses
FTX Chief Executive Officer Sam Bankman-Fried told employees he was exploring all options for his firm after a deal with cryptocurrency exchange Binance collapsed on Wednesday.
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Inside Sam Bankman-Fried's Multi-Billion Dollar FTX Fraud
Former cryptocurrency billionaire Sam Bankman-Fried, 32, has been sentenced to 25 years in prison for his involvement in a major financial scam related to the collapse of the FTX crypto exchange.
-
Sam Bankman-Fried Convicted of Financial Fraud: What Next For FTX Founder?
FTX founder Sam Bankman-Fried was convicted on Thursday of orchestrating a multibillion dollar fraud on the cryptocurrency exchange's customers.
-
Explained: The Case Against Crypto Mogul Sam Bankman-Fried
Bankman-Fried was arrested from his apartment in the Bahamas on December 12 following the request of prosecutors in New York in connection to the fall of his cryptocurrency business.
-
Cryptocurrencies Don't Pass Test Of Being Financial Asset: Economic Survey
Cryptocurrencies have no intrinsic cashflows to them and the latest collapse of the crypto exchange FTX exposes the vulnerabilities in such investments, the Economic Survey document for 2022-23 tabled on Tuesday said.
-
Customers, Banks Should Be Wary Of Risks From Crypto-Assets, Warn US Regulators
The joint statement by US regulators, the first of its kind, also termed contagion risk within the crypto-asset sector, which may result from interconnections among certain crypto-asset participants as one of the concerns.
-
Pressured By Lawyers To Name Replacement: FTX Founder Sam Bankman-Fried
FTX founder Sam Bankman-Fried said he was pressured into nominating John Ray as chief executive of the crypto exchange in early November by Sullivan and Cromwell lawyers.
-
Binance's Changpeng Zao Flags Possible $1 Billion Fund For Distressed Assets: Report
Cryptocurrency exchange Binance is aiming for a roughly $1 billion fund for the potential purchase of distressed assets in the digital sector, Bloomberg News reported today.
-
Bankrupt Crypto Exchange FTX Fires Three Off Its Top Executives: Report
FTX has fired some top executives, including co-founder Gary Wang, the Wall Street Journal reported on Friday.
-
"Crypto Is Not Going Away": Binance CEO Casts Himself As New Saviour
Among the many things shattered in the collapse of FTX was the image of Sam Bankman-Fried as the crypto industry's benevolent king.
-
Visa Terminates Global Debit Card Agreements With Debt-Ridden Crypto Exchange FTX
Visa said on Sunday it was severing its global credit card agreements with collapsed crypto exchange FTX.
-
"Really Sorry, Again": Crypto Exchange FTX Founder As His Firm Collapsed
Days after FTX exchange filed for bankruptcy, company founder Sam Bankman-Fried addressed his followers in a series of tweets.
-
Crypto Token Tron Founder Justin Sun Ready To Give Billions In Aid To FTX: Report
Justin Sun, founder of the crypto token Tron, said he was prepared to provide FTX with billions in aid, according to a tweet by a Bloomberg News reporter on Friday.
-
FTX Scrambles For Funds As Regulators Take Action
Regulators froze some assets of distressed cryptocurrency exchange FTX and industry peers raced to limit losses on Friday.
-
FTX Collapse: How the Crisis-Hit Platform's Financial Struggles Are Affecting The Global Crypto Landscape
FTX was rocked by a dramatic series of events this week, centred around the crisis-hit platform's lack of liquidity. A deal with rival Binance fell through earlier this week, and the ongoing saga is reverberating across the global cryptocurrency landscape. From the impact of the collapse on rivals, to the chances of regulatory scrutiny, here's ever...
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Crypto's FTX Chief Looking At All Options After Binance Deal Collapses
FTX Chief Executive Officer Sam Bankman-Fried told employees he was exploring all options for his firm after a deal with cryptocurrency exchange Binance collapsed on Wednesday.
