Former FTX CEO Sam Bankman-Fried receives 25-year prison sentence, highlighting legal scrutiny in crypto. Judge cites $1.7B investor loss, $1.3B lender loss, and $8B customer shortfall. Complex sentencing reflects industry complexities. Victim testimonies underscore human toll. Defense emphasizes intent. Case shapes digital asset regulation discussions.
Huang BoU.S. Prosecutors forego second trial for FTX's Bankman-Fried, focusing on sentencing following sufficient evidence from the first trial.
KikyoJoseph Tsai, a co-founder of Alibaba, will succeed Daniel Zhang as chair of the internet giant. He is a noted crypto enthusiast who has invested in several startups in the sector.
TheBlockIn an exchange with YouTuber Coffeezilla, the former CEO disclosed that client funds weren’t segregated as promised.
CoindeskHere’s what happened during the New York Times exclusive interview with Sam Bankman-Fried on FTX’s collapse.
OthersSoon after it filed for bankruptcy protection, BlockFi sued SBF over shares he allegedly pledged to the lender as collateral, according to the Financial Times.
The BlockThe fallen crypto CEO on what went wrong, why he did what he did, and what lies he told along the way.
VoxHe has not offered any explanation on the matter, and the crypto community has begun speculating.
BeincryptoA pseudonymous Twitter whistleblower Cobie has shared a Slack message allegedly sent by FTX CEO Sam Bankman-Fried to his employees.
FinboldPer a report from Barron’s, FTX CEO Sam Bankman-Fried and other subsidiaries of these platforms are under investigation by the Texas securities regulator.
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