March 29, 2024
Crypto

FTX founder Sam Bankman-Fried sentenced to 25 years in prison

NEW YORK (AP) — Crypto entrepreneur Sam Bankman-Fried was sentenced Thursday to 25 years in prison for a massive fraud on hundreds of thousands of customers that unraveled with the collapse of FTX, once one of the world’s most popular platforms for exchanging digital currency. Though he described Bankman-Fried as “extremely smart,” U.S. District Judge

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Crypto

FTX founder Sam Bankman-Fried’s lawyer asks judge to reject 100-year recommended sentence

NEW YORK — Sam Bankman-Fried’s lawyer said Tuesday that a suggested 100-year prison sentence for the FTX founder by an arm of the court is “grotesque” and “barbaric” and at most a term of a few years behind bars is appropriate for cryptocurrency crimes that the California man still disputes. In presentence arguments filed just

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Property

New York AG says she’ll seize Donald Trump’s property if he can’t pay $454 million civil fraud debt

NEW YORK (AP) — Donald Trump could be at risk of losing some of his prized properties if he can’t pay his staggering New York civil fraud penalty. With interest, he owes the state nearly $454 million — and the amount is going up $87,502 each day until he pays. New York Attorney General Letitia

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Crypto

Crypto firm Terraform Labs files for Chapter 11 bankruptcy protection

Terraform Labs has filed for Chapter 11 bankruptcy protection, less than two years after a collapse of the company’s cryptocurrency devastated traders around the world January 22, 2024, 10:30 AM ET • 2 min read NEW YORK — Terraform Labs has filed for Chapter 11 bankruptcy protection, less than two years after a collapse of

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