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

Mar 28, 2024
Crypto entrepreneur Sam Bankman-Fried was sentenced to 25 years in prison for a massive fraud that unraveled with the collapse of FTX, the massive crypto exchange.
Above, Sam Bankman-Fried in March 2023. On Thursday, Bankman-Fried was sentenced to 25 years in prison for fraud and conspiracy.
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What we learned from Nishad Singh's testimony in the SBF trial

Oct 19, 2023
Nishad Singh, former head of engineering at FTX, took the stand this week in the fraud and conspiracy trial against Sam Bankman-Fried.
Nishad Singh, former head of engineering at FTX, took the stand this week and detailed the lavish spending habits of FTX's Sam Bankman-Fried, seen above.
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The trial of Sam Bankman-Fried provides early lessons for crypto

Oct 12, 2023
"There were red flags all over FTX," said the New York Times' David Yaffe-Bellany. "Even in the kind of renegade world of crypto, these sort of lessons from traditional finance still apply."
Former FTX CEO Sam Bankman-Fried at a bail hearing on Aug. 11.
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What to know about the Sam Bankman-Fried trial

The founder of bankrupt cryptocurrency exchange FTX faces fraud allegations in New York.
Above, Sam Bankman-Fried after a court appearance on June 15 in New York City.
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"Due diligence" is part of the vernacular. But what does it really mean?

Apr 5, 2023
Recent scandals involving FTX and Frank leave some wondering if enough research was done on the startups, and who was supposed to do it.
JPMorgan recently bought the financial planning startup Frank for about $175 million but says its owner lied about its number of users.
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Can crypto restore its credibility?

Dec 13, 2022
Despite a raft of prosecutions and losses to investors in the billions, some say the industry has what it takes to find its feet.
Sam Bankman-Fried in 2021. The former FTX CEO was arrested in the Bahamas on behalf of the U.S., where federal prosecutors have indicted him for fraud and conspiracy.
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As crypto chaos continues, the next generation of hires is having doubts

Nov 30, 2022
"Interest in the crypto space, generally speaking, tends to track the price of bitcoin," a UCLA professor says of his computer science students.
Soon-to-be hires are rethinking pursuing jobs at crypto companies.
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FTX debacle worsens crypto's trust issues

Nov 21, 2022
The industry is trying to distance itself from the collapsed exchange. Can it?
Crypto skeptics and enthusiasts agree that the failure of crypto exchange FTX is an inflection point for the industry.
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Amid downfall of crypto exchange FTX, an absence of regulation and rescuers

Nov 14, 2022
FTX operated outside the confines of traditional regulations, and its customers are unlikely to recover their funds, says Semafor's Liz Hoffmann.
"Customers of FTX and a lot of these crypto companies that have gone bankrupt are realizing that they are the creditors," says Liz Hoffman of Semafor.
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Crypto exchange Binance walks away from FTX deal

Nov 9, 2022
Binance cited a due-diligence check, saying the issues at FTX were "beyond our control or ability to help."
When FTX hit a liquidity crunch, users pulled out money and crypto at once. And rival exchange Binance announced Wednesday that it wouldn't be bailing out FTX.
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