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(AFP) — Disgraced cryptocurrency wunderkind Sam Bankman-Fried was sentenced to 25 years in jail on Thursday — a stunning descent for a figure who seemed poised to lead an emerging sector less than two years ago. US District Judge Lewis Kaplan said the defendant, who became known by his initials “SBF,” had shown no “real remorse,” even in his final pre-sentencing remarks in which the former billionaire rued “a series of bad decisions” but did […]
NEW YORK, Dec 30, 2023 (AFP) – A federal prosecutor in New York has decided against pursuing a second trial, this one over corruption and illegal political donations, against former crypto mogul Sam Bankman-Fried. The founder and CEO of the FTX cryptocurrency exchange platform, Bankman-Fried had been charged earlier with misappropriating billions of dollars of his clients’ funds without their consent. He was found guilty in early November of seven counts including fraud, conspiracy and […]
NEW YORK, Aug 11, 2023 (AFP) – A US federal judge on Friday ordered FTX founder Sam Bankman-Fried back to prison less than two months before his trial on fraud charges, revoking the disgraced cryptocurrency tycoon’s bail over alleged attempts to tamper with witnesses. Bankman-Fried, 31, has pleaded not guilty to charges of wire fraud and conspiracy to commit money laundering, as well as election finance violations, in connection with the spectacular collapse of his […]
PARIS, France (AFP) – Even by the extreme standards of cryptocurrency trading, the past few weeks have been a wild ride for Binance, the world’s biggest exchange for crypto assets. After the collapse of its rival FTX in a hail of allegations of fraud and criminality last month, trust in the entire sector has crumbled. Customers pulled more than $3 billion from Binance in a single day last week as part of a three-day frenzy that […]
NASSAU, Bahamas (AFP) — Sam Bankman-Fried, wanted in the United States for fraud after the collapse of his FTX cryptocurrency group, remained in a Bahamas prison Monday after an abortive court hearing that was to consider his possible extradition. One week after the former billionaire was arrested in Nassau, US and local media had reported that the 30-year-old onetime cryptocurrency wunderkind was preparing to accept extradition to stand trial in New York. Bankman-Fried was seen […]
by Aurélia END Agence France-Presse WASHINGTON, United States (AFP) — After years of benefitting from the enormous contributions of FTX founder Sam Bankman-Fried — accused of massive financial fraud — America’s political elite are now skittering away, eager to put distance between themselves and the disgraced cryptocurrency darling. The 30-year-old tycoon — currently detained in the Bahamas awaiting US extradition proceedings — had in recent years become one of the largest public donors to the […]
Washington, United States (AFP) Disgraced cryptocurrency tycoon Sam Bankman-Fried was arrested Monday in the Bahamas at the request of the United States, according to US officials seeking to charge him after the spectacular collapse of his FTX platform. The arrest comes on the eve of Bankman-Fried’s scheduled appearance at a US Congress hearing in which he was to testify under oath about the crypto exchange’s overnight demise. The 30-year-old had in recent weeks defied […]
Today, BlockFi filed voluntary cases under Chapter 11 of the U.S. Bankruptcy Code.https://t.co/adaAx6me4r — BlockFi (@BlockFi) November 28, 2022 New York, United States (AFP) BlockFi, a lender in the troubled cryptocurrency universe, announced Monday it had filed for bankruptcy protection in the latest ripple effect from the FTX collapse. The Chapter 11 filing in a US Bankruptcy Court in New Jersey will allow BlockFi and eight affiliates to “stabilize its business and provide the company […]
New York, United States | AFP | by Julie CHABANAS The new chief executive of troubled cryptocurrency platform FTX said Saturday the company was making “every effort to secure all assets” following unauthorized transactions potentially worth hundreds of millions of dollars. “Unauthorized access to certain assets has occurred,” CEO John Ray said in a statement posted to Twitter by FTX’s general counsel, Ryne Miller. FTX officials did not detail the quantity of unauthorized transactions made, […]
New York, United States | AFP | Crisis-struck cryptocurrency platform FTX has gone bankrupt in the United States and its chief executive Sam Bankman-Fried has resigned, it said Friday, the latest blow in a saga that has reverberated across the digital currency landscape. The filing comes after the world’s biggest cryptocurrency platform Binance agreed to buy its rival earlier this week but backed out, leading market players to consider possible regulator responses. FTX Group announced […]
