Last week, President Donald Trump made dubious history when he signed legislation that gave a rubber stamp to companies — including some owned by his family — to issue their own digital currencies known as stablecoins. Never before has a president signed a bill that legalized his own hustle. Not …
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As he courted cryptocurrency investors last year, Donald Trump promised to fire Gary Gensler, the Securities and Exchange Commission (SEC) chair who had scrutinized the industry, and install a new crypto-friendly regulator in his place. Trump, who launched his own crypto meme coin days before he took office, didn’t just …
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Caroline Ellison, the former girlfriend of convicted crypto fraudster Sam Bankman-Fried, was sentenced to two years in prison for her role in the fraud scheme that led to the collapse of FTX. Ellison had pleaded guilty to money laundering and fraud charges, and had been the prosecution’s star witness during …
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Sam Bankman-Fried has been sentenced to 25 years in prison after being found guilty of fraud charges in connection to his collapsed cryptocurrency exchange FTX. Bankman-Fried waschargedwith conspiracy to commit wire fraud, securities fraud, money laundering, and violations of campaign finance law in December 2022. The then-30-year-old allegedly defrauded millions …
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Following his conviction in November, Sam Bankman-Fried is awaiting sentencing for the massive fraud that brought down his much-vaunted FTX cryptocurrency exchange. Making the case for a 40-to-50-year prison term, federal prosecutors have now submitted a list of the disgraced CEO’s bad ideas for spinning his company’s bankruptcy in the …
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Sam Bankman-Fried, the founder of collapsed cryptocurrency exchange FTX, was found guilty of fraud charges Thursday, according to The Washington Post. Bankman-Fried was charged with conspiracy to commit wire fraud, securities fraud, money laundering, and violations of campaign finance law in December 2022. The 30-year-old allegedly defrauded millions of investors …
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Sam Bankman-Fried’s cross-examination Monday afternoon in his ongoing criminal fraud trial provided little satisfaction to those hoping for a mea culpa from the disgraced FTX founder. During an approximately four-hour cross-examination led by prosecutor Danielle Sassoon, Bankman-Fried appeared to suffer from memory loss, evaded questions, and gave downright unhelpful answers. …
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Sam Bankman-Fried will take the rare, and potentially precarious, step of testifying on his own behalf at his ongoing criminal fraud trial, The New York Times reports. Bankman-Fried’s lawyer, Mark Cohen, confirmed the embattled FTX founder’s plan to testify during a recent hearing with prosecutors and the judge overseeing the …
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Federal prosecutors are accusing embattled crypto honcho Sam Bankman-Fried of leaking documents about his ex-girlfriend and business partner Caroline Ellison to the press in an alleged effort to taint the prospective jury pool. The filing issued Thursday, July 20, alleges that Bankman-Fried was a source for a New York Times …
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T here was a moment, late last fall, when Changpeng Zhao seemed like the smartest guy in crypto. The news was sudden and definitive: Binance, Zhao’s international trading post, announced plans to buy its biggest rival, FTX, led by the young American Sam Bankman-Fried, or SBF. It looked like a …
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