joseph bankman
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FTX Customers Will Get Back All the Money They Lost in the Collapse
Nearly all of FTX’s former customers will get back almost 100% of the money they lost at the time of the cryptocurrency exchange’s collapse — if not more. FTX said in a statement Tuesday that it expects 98% of its creditors to receive approximately 118% of the amount of their allowed claims. Others will receive…
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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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Sam Bankman-Fried Found Guilty in Crypto Trial
Sam Bankman-Fried is guilty on all seven federal charges in his criminal trial for defrauding customers of his crypto exchange out of billions of dollars with his crypto empire, jurors decided on Thursday night in a Southern District of New York court, according to CoinDesk. Jurors reached a verdict at 7:40 PM that the founder…
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The Biggest Moments of the SBF Trial So Far
There are three weeks to go in the industry’s most defining court case yet. Let’s recap.