ftx
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Tech News: 5 Things to Know in Australia Today
From SBF going to jail to Microsoft breaking up Teams and Office, here are five things headlining tech news in Australia.
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Thank God FTX Won’t Be Coming Back
It’s official: There will be no further attempts to salvage FTX. The once popular but now defunct crypto exchange that “misplaced” billions of dollars in user assets before collapsing in a heap of scandal is officially headed to the corporate graveyard. The Guardian reports that FTX lawyers say that attempts to revive the exchange have…
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SBF Won’t Get Second Trial After DOJ Drops Five Charges
Sam Bankman-Fried once faced 13 criminal charges relating to his massive fraud scheme at the crypto exchange FTX. However, he’ll only face consequences for the seven charges he was found guilty of in November. The United States Department of Justice (DOJ) dropped a second trial against Sam Bankman-Fried relating to five additional charges, according to…
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SBF Is Headed to Prison But FTX Will Haunt the Crypto Community For Years
Sam Bankman-Fried may be headed to prison but the story of FTX is far from over. Indeed, like an evil spirit, the exchange seems destined to haunt the crypto community for the rest of its days. Not only has the company’s downfall shattered faith in what was once the most trusted institution in the industry,…