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ftx

FTX founder bags 25 years jail term, SEC seeks $2b from Ripple, Bitcoin reclaims $70k

by Isaac Wright
FTX founder bags 25 years jail term, SEC seeks b from Ripple, Bitcoin reclaims k

Last week saw significant legal developments across the cryptocurrency sector, including Sam Bankman-Fried’s sentencing, regulators’ demanding $2 billion from Ripple, and an indictment against KuCoin.  Concurrently, Bitcoin (BTC) reclaimed $70,000 …

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Sam Bankman-Fried inspired meme coin hits 1 cent, crashes

by Isaac Wright
Sam Bankman-Fried inspired meme coin hits 1 cent, crashes

As Sam Bankman-Fried was sentenced to 25 years in prison, meme coin enthusiasts placed their bets on a knock-off FTX meme coin humorously named Sam Baseman Fraud. On Thursday, Judge …

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Sam Bankman-Fried’s FTX workforce struggling to move on after firm’s downfall: report

by Edgar Davis
Sam Bankman-Fried’s FTX workforce struggling to move on after firm’s downfall: report

Some of Sam Bankman-Fried’s former staffers from his now-bankrupt FTX have reportedly struggled to land another job and have battled depression since the cryptocurrency exchange’s stunning downfall. Natalie Tien, who …

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Some of Sam Bankman-Fried’s victims say FTX founder got away lightly: ‘25 years is a joke’

by Walter Watson
Some of Sam Bankman-Fried’s victims say FTX founder got away lightly: ‘25 years is a joke’

More than an estimated 1 million customers face potential losses as a result of FTX’s sudden November 2022 collapse. Victims say they are still owed more than US$19 billion based …

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Sam Bankman-Fried Sentenced To 25 Years In Prison For Multi-Billion Dollar FTX Fraud ⋆ ZyCrypto

by Isaac Wright
Sam Bankman-Fried Sentenced To 25 Years In Prison For Multi-Billion Dollar FTX Fraud ⋆ ZyCrypto

Advertisement &nbsp &nbsp Nearly two years since the implosion of FTX, Sam Bankman-Fried, the co-founder and former CEO of the now-defunct cryptocurrency exchange, has been sentenced to 25 years …

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Who Lost Money in FTX? Tom Brady, Kevin O’Leary and More

by Edgar Davis
Who Lost Money in FTX? Tom Brady, Kevin O’Leary and More

Opinions expressed by Entrepreneur contributors are their own. Additional reporting by Sherin Shibu. The collapse of Sam Bankman-Fried’s FTX crypto empire was not only felt by those deep in the …

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Sam Bankman-Fried Sentenced To 25 Years In Prison

by Isaac Wright
Sam Bankman-Fried Sentenced To 25 Years In Prison

In a highly anticipated courtroom verdict, Sam Bankman-Fried, the founder of the collapsed cryptocurrency exchange FTX, has been sentenced to 25 years in prison for defrauding users. US District Judge …

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Crypto fraudster Bankman-Fried sentenced to 25 years for multibillion-dollar FTX fraud

by Walter Watson
Crypto fraudster Bankman-Fried sentenced to 25 years for multibillion-dollar FTX fraud

Bankman-Fried, wearing a beige short-sleeve jail T-shirt, acknowledged during 20 minutes of remarks to the judge that FTX customers had suffered, and he offered an apology to his former FTX …

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DOJ submits 52 victim statements ahead of Sam Bankman-Fried sentencing

by Isaac Wright
DOJ submits 52 victim statements ahead of Sam Bankman-Fried sentencing

The U.S. DOJ has submitted 52 victims’ statements to the Attorney’s Office, as Sam Bankman-Fried is scheduled for sentencing on Thursday.  The statements revealed the emotional and financial distress of …

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FTX to sell $884m Anthropic stake to Abu Dhabi firm, 20 other investors

by Isaac Wright
FTX to sell 4m Anthropic stake to Abu Dhabi firm, 20 other investors

FTX is selling two-thirds of its shares in Anthropic at $884 million, most of which are being acquired by Abu Dhabi-based investors.  ATIC Third International Investment Company LLC, linked to …

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