Sunday, November 05, 2023

The rise and fall of FTX and SBF: The ‘crypto king’ is facing 110 years in prison

The rise and fall of FTX and SBF: The ‘crypto king’ is facing 110 years in prison - KIM KOMANDO
"I’m sure you’ve seen the headline — 110 years. 
That’s how much time fallen crypto king Sam Bankman-Fried could spend in prison. 
After a month-long trial, the FTX founder was just found guilty of seven counts, all revolving around $8 billion the crypto exchange stole from users...
Now, he’s in the same conversation as Bernie Madoff. 
  • This is so fascinating that I wanted to take you down the winding road of the biggest crypto mess... 
The big question the jury had to decide on was simple — no knowledge of blockchain, wallets or keys. required. 
Did SBF, now 31, intentionally trick customers and use all the money they invested as his own? 
The answer (which you know will be challenged in an appeal) is yes.
$26.5 billion...

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