Samuel Bankman-Fried after a court appearance in his federal fraud case last year. A jury later convicted him on seven counts. (John Minchillo / Associated Press) Based on the conflicting pre-sentencing reports submitted to the judge who will sentence Sam Bankman-Fried Thursday on seven fraud counts, you might think this is a complicated case. After
Investors are reportedly lining up to purchase FTX’s stake in artificial intelligence (AI) company Anthropic. But as CNBC reported Friday (March 22), sources say that while the company has received interest from sovereign wealth funds, it ruled out taking money from Saudi Arabia due to national security concerns. The shares in Anthropic are being sold as part of FTX’s
US News By Richard Pollina Published March 21, 2024, 6:50 a.m. ET A co-founder of a failed cryptocurrency hedge fund who lost $3.5 billion in investor cash grinned as he showed no remorse for losing the funds — as he remains on the run in an unknown location. Kyle Davies, the co-founder of the bankrupted
Federal prosecutors asked a New York judge on Friday to sentence FTX founder Sam Bankman-Fried to between 40 and 50 years in prison for cryptocurrency crimes they described as a “historic fraud.” Prosecutors made the request as they submitted their presentence recommendations to a federal judge who will sentence the man who at one time
Convicted FTX fraudster Sam Bankman-Fried has been doling out crypto investment tips to jail guards at the notorious Brooklyn federal facility while he awaits sentencing, according to a report. The disgraced crypto whiz kid — who faces more than 100 years in prison after being found guilty of fraud and money laundering last year —
symbol. Internet cryptocurrency state concept. getty If cryptocurrency were a sport, it would be boxing. “And we’re in the championship rounds,” says Asad Saddique, CTO of Cryptonary, a media and research platform for 195,397 traders and investors established in 2017. On October 1, 1981, Larry Holmes said, “Anything can happen in a fight between heavyweights.”
US prosecutors said on Friday they do not plan to proceed with a second trial against Sam Bankman-Fried, who was convicted last month of stealing from customers of his now-bankrupt FTX cryptocurrency exchange. Sam Bankman-Fried, co-founder of FTX Cryptocurrency Derivatives Exchange.(Bloomberg) {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} In a letter filed in federal court in Manhattan, prosecutors