Tag: BankmanFried
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Sam Bankman-Fried Verdict: The Crypto Industry Reacts
[ad_1] “I also think that, in a way, this verdict is a win for the crypto industry itself. After all, it was the industry (including crypto journalists) that discovered and exposed SBF’s wrongdoing, and certain market participants that were themselves harmed by FTX and Alameda testified in the case against SBF. SBF being found guilty…
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Sam Bankman-Fried Found Guilty On All Charges
[ad_1] The Crypto King has fallen. After 15 days of deliberations in a New York City courtroom, it took a jury less than five hours to convict FTX Founder Sam Bankman-Fried. The crypto conman was found guilty of all seven charges against him, including two counts of wire fraud, four counts of conspiracy to commit…
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Sam Bankman-Fried found guilty of defrauding FTX customers
[ad_1] His defence lawyers, who objected to several rulings by Judge Kaplan before and during the trial, are expected to appeal the verdict. Once the darling of the crypto world, Bankman-Fried – who was known for his mop of unkempt curly hair and for wearing shorts and t-shirts rather than business attire – instead joins…
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FTX founder Sam Bankman-Fried is guilty of fraud
[ad_1] Let’s be honest: The facts are bad for Sam Bankman-Fried. The prosecution, in the closing statement delivered by Nicolas Roos (pronounced “Rose”, though he won’t correct you if you get it wrong, as Judge Lewis Kaplan did for most of the trial) today, went through a lot of contemporaneous written evidence that suggested that…
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Sam Bankman-Fried is found guilty of all seven charges he had faced : NPR
[ad_1] Sam Bankman-Fried leaves a Manhattan federal court in New York City on Jan. 3, 2023. Ed Jones/AFP via Getty Images hide caption toggle caption Ed Jones/AFP via Getty Images Sam Bankman-Fried leaves a Manhattan federal court in New York City on Jan. 3, 2023. Ed Jones/AFP via Getty Images Sam Bankman-Fried, the former head…
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Caroline Ellison Says She and Sam Bankman-Fried Lied for Years
[ad_1] Caroline Ellison, a top adviser to the cryptocurrency mogul Sam Bankman-Fried, testified on Wednesday that she had lied over and over at his request, misleading the public about his businesses and circulating “dishonest” financial documents to crypto lenders. By the time Mr. Bankman-Fried’s two companies — FTX, a digital currency exchange, and Alameda Research,…
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3 Alleged Lies Bankman-Fried Told Before He Was Famous
[ad_1] Eventually, the arbitrage window closed, and Alameda’s consistent source of profits dried up. Although during the heady days of 2021-22 Bankman-Fried would recount the trade as a legendary period, it’s likely that the firm actually blew through any accumulated profits, which is why it sought outside funding for venture capitalists. In fact, Alameda co-founder…
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Trial of disgraced crypto star Bankman-Fried begins
[ad_1] The trial of Sam Bankman-Fried, former CEO of one of cryptocurrency’s biggest exchanges, began Tuesday with a jury set to determine if he committed massive fraud by stealing billions of dollars from clients. The 31-year-old — once one of the most respected figures in crypto — now faces decades in prison and could see…
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FTX Customers, Investors Will Testify Against Sam Bankman-Fried, DOJ Says
[ad_1] “To obtain likely less than 30 minutes of testimony from overseas FTX customer witnesses, however, requires, for at least some countries, coordinating with local authorities, arranging multi-day travel itineraries to accommodate varying time changes and travel delays, and incurring significant costs associated with such arrangements. Notwithstanding those hurdles, the Government is in the process…
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Sam Bankman-Fried Scoops Help CoinDesk Win a Loeb Award
[ad_1] The centerpiece story was Allison’s explosive Nov. 2, 2022, piece that raised questions about how sturdy Alameda Research, Bankman-Fried’s large trading firm, was – and, by extension, how safe the billionaire’s affiliated and better-known crypto exchange FTX was. Other CoinDesk stories honored by the Loebs revealed the unusual living arrangements of Bankman-Fried’s inner circle,…
