As disgraced FTX founder Sam Bankman-Fried serves the early days of his 25-year prison sentence, the crypto wunderkind-turned-criminal made his first public post on X in over two years. Bankman-Fried’s thread on X responds to Elon Musk’s recent ultimatum to federal employees: respond to his email with five bullet points of recent accomplishments, or resign. […]
Sam Bankman-Fried’s first post from prison isn’t even good Read More »
Not every former top FTX executive is heading to prison. Gary Wang, former FTX chief technical officer, was spared prison time by U.S. District Judge Lewis Kaplan today. Judge Kaplan praised Wang’s cooperation with federal authorities. Wang testified against former FTX founder and CEO Sam Bankman-Fried at his trial last fall. Wang pleaded guilty to
FTX CTO Gary Wang avoids prison time Read More »
Well, to the big screen, at least. Variety reports that Lena Dunham is working with Apple and production studio A24 to adapt Michael Lewis’ book “Going Infinite: The Rise and Fall of a New Tycoon,” which chronicles the life of Sam Bankman-Fried and the implosion of his company, FTX. She is set to write the script,
Sam Bankman-Fried is coming back Read More »
Variety reports that Lena Dunham is working with Apple and production studio A24 to adapt Michael Lewis’ book “Going Infinite: The Rise and Fall of a New Tycoon,” which chronicles the life of Sam Bankman-Fried and the implosion of his company, FTX. She is set to write the script, the outlet said. FTX, once one of
Sam Bankman-Fried is coming to the big screen Read More »
Lawyers representing Sam Bankman-Fried, the FTX CEO and co-founder who was convicted of fraud and money laundering late last year, are seeking a new trial. Following crypto exchange FTX’s collapse, Bankman-Fried was found guilty on all seven counts, then sentenced to 25 years in prison and ordered to pay $11 billion in forfeiture. He has
Sam Bankman-Fried appeals conviction, criticizes judge’s ‘unbalanced’ decisions Read More »
Bankruptcy lawyers representing customers impacted by the dramatic crash of cryptocurrency exchange FTX 17 months ago say that the vast majority of victims will receive their money back — plus interest. The news comes six months after FTX co-founder and former CEO Sam Bankman-Fried (SBF) was found guilty on seven counts related to fraud, conspiracy, and
FTX crypto fraud victims to get their money back — plus interest Read More »
After a lengthy trial and conviction, we finally learned how long former crypto baron Sam Bankman-Fried will be behind bars: up to 25 years. It’s a lengthy sentence, but one that given the scale of the crimes he was convicted of, doesn’t come as a shock. For the crypto industry, it’s also the final page
TechCrunch Minute: Sam Bankman-Fried’s sentencing marks an end to the FTX saga Read More »
On Thursday, a federal judge sentenced former FTX CEO Sam Bankman-Fried to 25 years in prison after he was found guilty on seven charges of wire fraud and money-laundering. The scam he pulled was fairly simple: He and his partners created an exchange, FTX, that took customer deposits to invest in and trade cryptocurrencies. Some
SBF’s prison sentence marks the end of the crypto grift era — so what’s next? Read More »
Sam Bankman-Fried, the co-founder and former CEO of crypto exchange FTX and trading firm Alameda Research, was sentenced to 25 years in prison by Southern District of New York (SDNY) Judge Lewis Kaplan, about five months after he was found guilty on all seven counts related to fraud and money laundering during his trial. “When
Welcome to TechCrunch Crypto, formerly known as Chain Reaction. This is the last edition of this newsletter. I want to personally thank each of you for reading this and if you would like to stay in touch, you can follow me on X here for future updates. With that said, the show goes on. This
