Disgraced former crypto billionaire Sam Bankman Fried is serving a 25-year sentence in New York City’s Metropolitan Detention Center. He’s learning about such things as sports gambling and a drug called “deuce,” and he badly misses his teddy bear Manfred.
Though the judge said he’d “never seen” a cooperator as strong as Ellison, she was “not inviolable” and Bankman-Fried had her “Kryptonite,”
Salame is the first associate of Sam Bankman-Fried to be sentenced to prison.
Bankman-Fried’s favored cryptocurrency has nearly doubled in recent weeks. Along with gains in bitcoin and other assets, the crippled exchange now seems to have sufficient funds to meet small-investor claims.
White-collar defendants often get far less than the maximum sentence—but legal experts told Forbes they expect Sam Bankman-Fried to face decades in prison.
FTX founder will take the stand in an attempt to refute allegations by his former lieutenants that he knew he was running a scam. If he fails, he could be in for a century-long prison term.
Despite teams like the Miami Heat and Golden State Warriors losing their FTX deals, the National Basketball Association posted a record $1.66 billion in sponsorship re…
Caroline Ellison, the former CEO of FTX’s sister hedge fund Alameda Research, said her former colleague and love interest Bankman-Fried had high political ambitions.
Robinhood’s shares, which had been slumping in recent weeks, shot up after it announced it bought more than $605 million in shares that had previously been controlled by Sam Bankman-Fried.
A new indictment Monday marked the latest chapter in Sam Bankman-Fried’s legal troubles following the collapse of FTX.