After a lengthy trial involving the now-defunct cryptocurrency exchange FTX and trading company Alameda Research, Sam Bankman-Fried was found guilty of fraud and money laundering. It ends the astonishing decline in fortune for the 31-year-old former billionaire, who was formerly dubbed the "King of Crypto" and
During the opening statements on Wednesday, October 4, federal prosecutors and Sam Bankman-Fried's attorneys sparred over whether the former billionaire's cryptocurrency exchange, FTX, fell due to “massive” fraud committed by its creator or poor business decisions. Bankman-Fried, 31, has entered a not-guilty plea to allegations that
Founder of collapsed FTX crypto exchange Sam Bankman-Fried was arrested in The Bahamas after US authorities filed criminal charges against him. It is a remarkable fall from grace for the 30-year-old entrepreneur who rode the bitcoin boom to build one of the world's largest cryptocurrency exchanges
The Bahamas authorities are investigating the collapse of the bitcoin exchange FTX to see if any criminal behaviour occurred. One of the most high-profile cryptocurrency meltdowns, FTX filed for bankruptcy on Friday after traders rushed to remove $6 billion off the platform in only 72 hours
