ftx
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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,…
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SBF Finally Testifies in Court With No Jurors Present
FTX founder Sam Bankman-Fried testified in his fraud trial Thursday with no jury present. In his testimony, he acknowledged that Alameda was being used as a payment processor for FTX, but did not recall conversations around the $US13 billion hole in his crypto empire, according to Bloomberg. Bankman-Fried is on trial for allegedly defrauding FTX…
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New York AG Sues Winklevoss Owned Gemini in $1 Billion Cryptocurrency Fraud
New York Attorney General Letitia James filed a lawsuit Thursday morning against cryptocurrency companies Gemini Trust, Genesis Global Capital, and Digital Currency Group (DCG) for defrauding over 230,000 investors of over $US1 billion. James says a program run by Tyler and Cameron Winklevoss’s company Gemini, alongside Genesis and its parent company DCG, called ‘Gemini Earn’…