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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 […]
By Thomas URBAIN NEW YORK, Nov 3, 2023 (AFP) – Sam Bankman-Fried, the one-time cryptocurrency golden boy accused by US prosecutors of stealing billions of dollars of his customers’ money, was found guilty on Thursday on all counts, and now faces up to 110 years behind bars. Following five weeks of trial in New York, the jury reached its decision in just five hours. Sentencing for man widely known as “SBF” will take place at […]
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 […]
