Sam Bankman-Fried, who built a crypto empire worth billions, will spend 25 years behind bars after the company he ran unravelled with $12 billion of its customers’ cash.
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In addition to the prison sentence, Kaplan also ordered a forfeiture of $11.2 billion.
Prosecutors said FTX founder deserves up to 50 years in prison, while his defense argued for no more than six
The former CEO of FTX, once a king of cryptocurrency, saw a swift reversal of his fortunes starting in November 2022
The Binance chief executive, Changpeng Zhao, has resigned after pleading guilty to money laundering violations.
Despite ongoing legal scrutiny, the performance of the asset class this year has defied and dismayed skeptics.
A New York federal jury found the FTX founder guilty of stealing billions of dollars from the crypto exchange’s customers, in what prosecutors called one of the biggest financial frauds in U.S. history.
Former billionaire denies intending to defraud customers in testimony to the jury in his own defence at trial
Last year, crypto was still the future of finance. As SBF prepares to testify, the new documentary RUIN explores what’s transpired since FTX’s stunning collapse.
A thief who stole more than $470m (£383m) in cryptocurrency when FTX crashed is trying to cash it out while the exchange's founder is on trial.
Caroline Ellison, who dated Bankman-Fried for ‘a couple of years’, tells court that he ‘directed me to commit these crimes’
Bankman-Fried handed personal effects to his lawyers before U.S. Marshals handcuffed him.
Sam Bankman-Fried, founder of the collapsed cryptocurrency exchange FTX, has been arrested in The Bahamas, the country's attorney general has said.
A cryptocurrency CEO has become one of the richest people on Earth, CNN reported.
Just as they were becoming Hollywood’s hottest couple, Pete Davidson has reportedly called it quits with his Bridgerton star girlfriend.
"She sent the wolves on me."
Pete Davidson was heavily criticised over a joke he made on Saturday Night Live last year.Source:Supplied
Davidson last dated Kate Beckinsale publicly.
Kate Beckinsale and Pete Davidson have apparently called it quits on their three-month romance.
He played a bit part in a Judd Apatow film and met SNL cast member Bill Hader, who later hustled him an audition with Lorne Michaels.