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.
KikyoSBF now explores an unexpected economy in Brooklyn's Metropolitan Detention Center. Cooling his heels while awaiting sentencing, he delves into the world of prison economics, where mackerel replaces cigarettes as the preferred currency. SBF's unique adaptation involves trading pouches of preserved fish, known as 'macks,' for services within the confines of the detention centre.
JoyThis week marks SBF’s attempt to persuade a jury of his peers that he merits a chance at regaining his freedom, with the trial starting today.
CatherineThe CFTC has formally filed complaint charges against Sam Bankman-Fried, FTX and Alameda.
BeincryptoSBF believes that CZ must be happy with how it turned out for FTX.
BeincryptoHis arrest is the first concrete move by regulators to hold individuals accountable for the multi-billion dollar implosion of FTX last month.
OthersThe SBF-Ellison love affair raises psychological questions on how this might have fed into the collapse of FTX.
Beincrypto
Coinlive Binance, after exacerbating a bank run on rival crypto exchange FTX, offered to buy out the jewel in SBF's crown.
Coindesk