SBF Fails Outrunning Justice, Found Guilty of Defrauding Customers
FTX’s fallen founder, Sam Bankman-Fried, convicted of defrauding customers in a significant #cryptocurrency case. #FTX #SBF #CryptoFraud
FTX’s fallen founder, Sam Bankman-Fried, convicted of defrauding customers in a significant #cryptocurrency case. #FTX #SBF #CryptoFraud
SBF`s appearance on Monday may cause him to reconsider his decision to resist his extradition to the U.S., where he faces allegations of fraud.
A former SEC lawyer says that “it appears possible that former FTX employees were collaborating with authorities, most likely in exchange for leniency.”
Allegedly, the media has been whitewashing the activities of SBF and the company just because non-crypto users are unaware of his exact actions. Read CNL.
FTX exchange has fired three of its prime executives, together with co-founder Gary Wang, the Wall Avenue Journal reported on Friday, citing an FTX spokeswoman.
The fall of FTX and her sister company Alameda has caused devastation throughout the crypto market without excluding the team behind this catastrophe.