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Tag: Sam

Sam Bankman-Fried FTX fraud victim says life was destroyed

NEW YORK, US - JANUARY 03: Sam Bankman-Fried leaves the court in New York, on January 03, 2023. Fatih Aktas | Anadolu Agency | Getty ImagesIn a letter to the Department of Justice, an FTX customer who lost $4 million when the exchange filed...

FTX founder Sam Bankman-Fried sentenced to 25 years for crypto fraud

FTX founder Sam Bankman-Fried was sentenced to 25 years in prison on Thursday for the massive fraud and conspiracy that doomed his cryptocurrency exchange and a related hedge fund, Alameda Research.The sentence in Manhattan federal court was significantly less than the 40 to...

How FTX’s Sam Bankman-Fried went from crypto king to convicted conman

Samuel Bankman-Fried's poster in downtown San Francisco.MacKenzie Sigalos | CNBCTwo years ago, Sam Bankman-Fried was a 30-year-old multibillionaire living in a $35 million Bahamas penthouse, partying with his pals while running one of the world's most valuable crypto companies.Today, he's a 32-year-old inmate...