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Sam Bankman-Fried will grow old in jail. But don’t forget those who basked in his orbit
theguardian.com/commentisfree/2024/mar/28/sam-bankman-fried-jail-ftx-money
Quick Glance: The Case of Sam Bankman-Fried and Its Aftermath
- Sam Bankman-Fried, a young man convicted of fraud, faces prison time and is likely to remain incarcerated until his 80th birthday.
- Despite quickly amassing wealth by building a digital currency marketplace worth around $32 billion, he misused approximately $8 billion of his customers' savings for luxury expenses and risky investments.
- Politicians and celebrities, including Joe Biden, Mitt Romney, and Gisele Bündchen, received millions from Bankman-Fried while publicly praising and financially supporting him.
- His downfall signifies the failure of an era of cheap money and highlights how society enables financial crimes until they are exposed - a historical lesson from Bankman-Fried's story revealing a larger failure of the financial and political establishment.
SBF repeatedly lied to get out of “supervillain” prison term, FTX CEO alleges: FTX CEO: "The harm was vast. The remorse is nonexistent."
arstechnica.com/tech-policy/2024/03/ftx-chief-lays-out-all-the-ways-sbf-sucks-in-detailed-court-filing/
Quick Glance: The Rise and Fall of Sam Bankman-Fried: Unrepentant Ex-Mogul Faces Lengthy Prison Term
- Sam Bankman-Fried, founder of FTX cryptocurrency exchange, was found guilty of wire fraud and money laundering conspiracy.
- Prosecutors urged a 40 to 50-year sentence to emphasize the severity of harm to victims and deter financial misconduct.
- Victims shared impact statements detailing loss of savings and financial distress caused by Bankman-Fried's actions.
- Once a prominent figure in the crypto world, Bankman-Fried faced accusations of embezzling funds and engaging in fraudulent activities.
Bankman-Fried Should Get Up to 50 Years in Jail, Prosecutors Say: Prosecutors said Sam Bankman-Fried should get as much as 50 years behind bars for his role in ...
bloomberg.com/news/articles/2024-03-15/bankman-fried-should-get-up-to-50-years-in-jail-prosecutors-say
Quick Glance: Prosecutors Call for 40 to 50 Years in Prison for Sam Bankman-Fried
- Federal prosecutors are recommending a prison sentence of 40 to 50 years for FTX founder Sam Bankman-Fried for orchestrating one of the largest financial frauds in history.
- Convicted on fraud and conspiracy charges, Bankman-Fried stole at least $10 billion to fund his lavish lifestyle, make risky investments, and dispense charitable donations, defrauding investors and customers in the process.
- Prosecutors accuse Bankman-Fried of unmatched greed and hubris, disregarding ethical boundaries and causing financial devastation to many individuals through his relentless pursuit of wealth and power.
- Despite defense requests for leniency and a probation officer's recommendation of 100 years in prison, prosecutors insist that Bankman-Fried should face a significant sentence for his role in perpetrating one of the largest financial frauds in recent history.
Former crypto billionaire faces up to 110 years in jail : FTX co-founder and disgraced crypto billionaire Sam Bankman-fried will be sentenced today. Last year ...
wionews.com/videos/former-crypto-billionaire-faces-up-to-110-years-in-jail-705057
US Crypto Firms With $300,000 Pay Packages Much Higher Than Global Average: US crypto companies offer significantly higher compensation packages than overseas ...
bloomberg.com/news/articles/2024-03-20/us-crypto-firms-paying-300-000-wages-leave-foreign-peers-behind
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A US jury found Sam Bankman-Fried, 32, guilty in November on seven counts of fraud and conspiracy. Lawyers for the former billionaire told U.S ...
reut.rs/3Vg9WZD
What crypto (still) gets wrong : As Sam Bankman-Fried awaits sentencing this month for fraud, digital assets are booming again. Yet the problems that exposed his ...
ft.com/content/10fe3070-c739-495c-941d-fd57f1daafa9
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FTX customers don't want a refund, they want their crypto back: Nearly 300 pages of letters from all over the world detail what victims actually lost in the ...
axios.com/2024/03/20/ftx-collapse-customers-victims-crypto
Editorial: Crypto’s improbable comeback is cause for cheer — and prudence: As Sam Bankman-Fried awaits sentencing for fraud, crypto values have rebounded from ...
chicagotribune.com/2024/03/18/editorial-bitcoin-crypto-cme-cboe-regulation-sam-bankman-fried/
FTX estate selling majority stake in AI startup Anthropic for $884 million, with bulk going to UAE
cnbc.com/2024/03/25/ftx-estate-sells-majority-stake-in-startup-anthropic-for-884-million.html
Bitcoin surged above $69,000 and the 'halving' event that could send it higher is almost here
qz.com/bitcoin-reaches-67k-as-bitcoin-halving-approches-1851362826
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Take It Easy: The Bloomberg Open, Europe Edition: Good morning. The Fed shouldn’t rush into cutting rates, Christopher Waller says. There’s a similar call for ...
bloomberg.com/news/newsletters/2024-03-28/take-it-easy-the-bloomberg-open-europe-edition
The Deaths of Effective Altruism: Sam Bankman-Fried is finally facing punishment. Let’s also put his ruinous philosophy on trial.
wired.com/story/deaths-of-effective-altruism/
FTX fraudster SBF: It won't be 110 years in prison, but maybe for life: Up to 110 years in prison for fraudsters Bankman-Fried says the law. The authority ...
heise.de/news/FTX-Betrueger-SBF-110-Jahre-Haft-werden-s-nicht-doch-vielleicht-lebenslang-9669505.html
Sam Bankman-Fried faces decades in jail as prosecutors plug crypto loophole: In the waning days of 2022, a month after the collapse of FTX, federal prosecutors ...
thestar.com.my/tech/tech-news/2024/03/27/sam-bankman-fried-faces-decades-in-jail-as-prosecutors-plug-crypto-loophole
Crypto Venture Capital Funds Under Pressure to Produce Returns: Judging by a record Bitcoin rally that fueled a $1 trillion jump in the digital-asset market this ...
bloomberg.com/news/articles/2024-03-26/crypto-venture-capital-funds-under-pressure-to-produce-returns
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How Many Years Will SBF Get? Jury's Out on Betting Platform Polymarket: Plus: Tesla's delivery numbers will fall short of record, Kalshi traders signal; ...
coindesk.com/tech/2024/03/25/how-many-years-will-sbf-get-jurys-out-on-betting-platform-polymarket/
Why the Media Is Seemingly Less Interested in Bitcoin Than Ever: Three letters: SBF.
coindesk.com/consensus-magazine/2024/03/25/why-the-media-is-seemingly-less-interested-in-bitcoin-than-ever/
CryptoWatch: AI Tokens Surge, FTX vs. SBF, Top Coin Prices Now : CryptoWatch brings you the top news from last week in the world of crypto with AI tokens ...
techtimes.com/articles/302884/20240324/cryptowatch-ai-tokens-surge-ftx-vs-sbf-top-coin-prices.htm
Courtroom politics: Deadline looms for Trump to raise $464mn appeal case guarantee, while Bankman-Fried set to be sentenced
ft.com/content/3fc1ee2b-06a9-4d44-bc89-c0770536be2a
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Sam Bankman-Fried, FTX Associates Luxury Jet Seized by Authorities: A luxury jet that was intended to ferry FTX co-founder Sam Bankman-Fried and other executives ...
bloomberg.com/news/articles/2024-03-22/feds-seize-luxury-jet-meant-for-bankman-fried-and-ftx-associates
FTX bankruptcy: Why investors don't want money back, but their cryptos: The victims of the crypto exchange FTX have submitted their victim impact statements in ...
t3n.de/news/ftx-opfer-kryptos-rueckerstattung-bankman-fried-1615015/
Memecoin Mania (Slerf, Snap, Dogwifhat) Drives Solana Toward All-Time Highs: The rally in memecoins is powering a surge in Solana, the cryptocurrency that almost ...
bloomberg.com/news/articles/2024-03-18/slerf-snap-memecoin-mania-drives-solana-toward-all-time-highs
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BlackRock begins asset tokenization with launch of digital liquidity fund: BlackRock, the world’s largest asset manager, has created its first tokenized fund ...
cointelegraph.com/news/blackrock-begins-asset-tokenization-launch-digital-liquidity-fund
OpenAI's Sam Altman returns to company's board after probe clears him: Altman is rejoining the company's board following the findings
business-standard.com/companies/news/openai-s-sam-altman-returns-to-company-s-board-after-probe-clears-him-124030900047_1.html
Quick Glance: OpenAI appoints new board members, reinstates CEO Sam Altman
- Sam Altman, the CEO of OpenAI, is rejoining the company's board of directors.
- Joining alongside him are three new members, including former CEO of the Bill and Melinda Gates Foundation Sue Desmond-Hellmann, ex-Sony Entertainment president Nicole Seligman, and Instacart CEO Fidji Simo - expanding OpenAI's board to seven people.
- The appointment of the four new board members - and the reinstatement of Altman - comes after OpenAI faced criticism for its all-male board makeup and the nomination of Summers, who made derogatory remarks about women.
- OpenAI's expanded board is certainly diverse - at least in terms of their backgrounds.
It’s not just Trader Joe’s tote bags. We’re obsessed with other business-branded cult items.
qz.com/trader-joes-tote-bags-bass-pro-shops-hats-new-yorker-to-1851332803
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It's not just Bitcoin: 5 'altcoins' riding the cryptocurrency wave: Popular cryptocurrencies like Ether and Dogecoin are back in the game, showcasing robust ...
qz.com/altcoins-bitcoin-crypto-doge-shiba-inu-ether-1851329185
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Sam Bankman-Fried Proposes Sentence of 6 1/2 Years or Less: FTX co-founder Sam Bankman-Fried should serve no more than 6 1/2 years in prison for orchestrating ...
bloomberg.com/news/articles/2024-02-28/sam-bankman-fried-proposes-sentence-of-6-1-2-years-or-less
Quick Glance: Bankman-Fried Calls for Lenient Sentence, Cites FTX Fund Recovery
- Bankman-Fried's lawyer urged a judge on Tuesday, February 27, to impose a lenient sentence for the FTX founder's conviction for stealing $8 billion from customers of the now-bankrupt cryptocurrency exchange.
- The lawyers presented a range of 5-1/4 to 6-1/2 years as an appropriate prison term, far less than the maximum 110 years he faces after a jury found him guilty in November.
- Bankman-Fried pleaded not guilty and plans to appeal his conviction and sentence.
- The former billionaire will be sentenced on March 28, accompanied by support letters from his parents, psychiatrist, and others.
Spain blocks Sam Altman’s eyeball-scanning venture Worldcoin: Cryptocurrency project co-founded by OpenAI chief has raised concerns from regulators around the ...
ft.com/content/204c1c81-7a6f-4a6a-907e-8782b9d1bed2
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Quick Glance: AEPD Orders Worldcoin to Stop Data Collection
- The Spanish Agency for the Protection of Data (AEPD) ordered Worldcoin to halt data collection and processing in Spain on March 6.
- AEPD is investigating complaints regarding user consent withdrawal issues and alleged data collection from minors by Worldcoin.
- Worldcoin boasts 4 million verified users and utilizes biometric scanning devices called 'Orbs' for identity verification.
- Controversies surrounding Worldcoin arise from the use of biometric scanning devices called 'Orbs' and alleged data collection from minors.
Sam Bankman-Fried Heads Back to Court Over Possible Lawyer Conflict: FTX founder Sam Bankman-Fried is expected to return to a New York courtroom Wednesday for a ...
bloomberg.com/news/articles/2024-02-21/bankman-fried-heads-back-to-court-over-possible-lawyer-conflict
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Bitcoin Surges to Record High for First Time Since November 2021: Bitcoin surged to a record as demand from new US exchange-traded funds and a looming reduction ...
bloomberg.com/news/articles/2024-03-05/bitcoin-surges-to-record-high-for-first-time-since-november-2021
Quick Glance: Bitcoin: Why the Surge Might Not Last
- Bitcoin is back in the limelight with a significant surge to record levels and wild fluctuations.
- The resurgence of the Bitcoin market was significantly influenced by the decision of the US Securities and Exchange Commission (SEC) to approve the spot trading of bitcoins by exchange-traded funds (ETFs) in January.
- The introduction of ETFs and the upcoming "halving" of mined Bitcoins are key factors influencing the price.
- The trading volatility signals that Bitcoin remains among the riskiest assets, highly dependent on future US interest rates.
Bahamas Bank Deltec Accused of Giving SBF ‘Secret’ Credit to Buy Tether: It was one of the remaining puzzles after Sam Bankman-Fried’s conviction on fraud ...
bloomberg.com/news/articles/2024-02-17/bahamas-bank-deltec-accused-of-giving-sbf-secret-credit-to-buy-tether
'Gangster' Sam Bankman-Fried pictured in jail, poses alongside Bloods members who call him 'weird as s--t'
nypost.com/2024/02/20/business/sam-bankman-fried-pictured-in-jail-poses-alongside-ex-gang-members/
Bitcoin Surges To $57,000 High As Crypto Rally Builds Momentum: Prices for bitcoin rival ether also surged to more than $3,200 for the first time since 2022.
forbes.com/sites/roberthart/2024/02/27/bitcoin-surges-to-57000-high-as-crypto-rally-builds-momentum/
Bitcoin’s Bounce Doesn’t Settle the Biggest Worries About Crypto: Don’t forget to count up the wealth burned by collapsed exchanges, bankrupt lending programs ...
bloomberg.com/news/articles/2024-02-12/bitcoin-s-bounce-doesn-t-settle-the-biggest-worries-about-crypto
As Sam Bankman-Fried awaits prison sentence, FTX customers await a surprise: Full repayment
cnbc.com/2024/02/10/as-sam-bankman-fried-awaits-jail-ftx-customers-await-full-repayment.html
Thank God FTX Won't Be Coming Back: There had been whispers that the crypto exchange would be resurrected but the firm's lawyers say that won't be happening and ...
gizmodo.com/thank-god-ftx-wont-be-coming-back-1851213341
What Happens to FTX Clawback Cases if the Company Repays Its Creditors?: Lawyers for the failed crypto exchange told a bankruptcy judge they expected to pay ...
nytimes.com/2024/02/03/business/dealbook/what-happens-to-ftx-clawback-cases-if-the-company-repays-its-creditors.html
A Stanford Student-Run Fund’s Bitcoin ETF Investment Stirs Up a Buzz: In this edition of the Bloomberg Crypto newsletter, Hannah Miller heads back to school to ...
bloomberg.com/news/newsletters/2024-03-07/a-stanford-student-run-fund-s-bitcoin-etf-investment-stirs-up-a-buzz
Three people indicted in $400 million FTX hack conspiracy : Three people were indicted for an identity theft conspiracy that allegedly included the $400 million ...
cnbc.com/2024/02/02/three-people-indicted-in-400-million-ftx-hack-conspiracy.html
Bitcoin Trade That Gave Bankman-Fried His Millions Returns in South Korea: Local market observers pointed out that the so-called “Kimchi premium” crossed a ...
coindesk.com/markets/2024/03/07/bitcoin-trade-that-gave-bankman-fried-his-millions-returns-in-south-korea/
Bitcoin (BTC) Briefly Tops $69,000, Surpassing All-Time Peak: From Wall Street to main street, the sudden comeback of Bitcoin is energizing investors big and ...
bloomberg.com/news/articles/2024-03-05/-my-mom-texted-me-bitcoin-s-comeback-energizes-long-time-proponents
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As SBF’s Sentence Approaches, One More Weird Twist in the FTX Saga Might Help Him
slate.com/technology/2024/03/sbf-sentencing-upcoming-ftx-twist.html
🗞️ Bitcoin pushes through $63,000
🗞️ Sam Bankman-Fried asks for a short sentence
🗞️ BlackRock's bitcoin ETF has huge inflows
Watch "CoinDesk Daily" ... Show more
Quick Glance: Bitcoin Reaches New High Above $57,000
- On Tuesday, Bitcoin reached a new high above $57,000.
- The current price of the flagship cryptocurrency was recorded at $57,328.95, according to Coin Metrics. A peak of $57,445.14 was achieved earlier, marking the highest level since December 2021.
- Joel Kruger, market strategist at LMAX Group, highlighted the increasing market motivation to break through the level as Bitcoin approaches its record high.
FTX Was Never Really Bankrupt | by Ian Ayres & John Donohue - Project Syndicate: Ian Ayres & John Donohue show why prosecutors' claim of $8 billion in ...
project-syndicate.org/commentary/ftx-never-really-bankrupt-can-make-creditors-and-customers-whole-by-ian-ayres-and-john-donohue-2024-01
First-time buyers, private homeowners fulfilling wait-out period to fuel HDB resale price growth
sbr.com.sg/residential-property/in-focus/first-time-buyers-private-homeowners-fulfilling-wait-out-period-fuel-hdb-resale-price-growth
CryptoWatch: Sam Bankman-Fried's 5-Year Prison Appeal, Bitcoin's $60K Rally, Top Coin Prices
techtimes.com/articles/302247/20240303/cryptowatch-sam-bankman-frieds-5-year-prison-appeal-bitcoins-60k.htm
The Jujitsu Champ Who Got Nearly $500 Million From Sam Bankman-Fried: Rashit Makhat was one of the biggest individual beneficiaries of what U.S ...
on.wsj.com/4b75oKB
FTX, Alameda Alums Raise $17 Million for Crypto Exchange Startup: A group of former FTX and Alameda Research employees have raised $17 million to build out a ...
bloomberg.com/news/articles/2024-02-28/ftx-alameda-alum-raise-17-million-for-crypto-exchange-backpack
SBF wanted Tom Brady to run against Trump: report: According to Puck, Sam Bankman-Fried wanted Tom Brady to run for president against GOP frontrunner Donald ...
businessinsider.com/sbf-wanted-tom-brady-to-run-against-trump-report-2024-2
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Sam Bankman-Fried Is Still Messing Up Bitcoin’s Big Comeback: After the Securities and Exchange Commission approved bitcoin ETFs to be issued by the likes of ...
nymag.com/intelligencer/2024/01/sam-bankman-fried-is-still-messing-up-bitcoins-big-comeback.html
FTX fraudster Sam Bankman-Fried asks judge for 6.5 years or less, says public doesn’t know his ‘true’ self
fortune.com/crypto/2024/02/28/sam-bankman-fried-sentencing-crypto-ftx-prison/
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Singapore SMEs need MNC contracts to escape ‘the small size trap’: Leaving it to market forces will not lead to flourishing courtships between MNEs and local ...
straitstimes.com/opinion/singapore-smes-need-mnc-contracts-to-escape-the-small-size-trap
The Jujitsu Champ Who Got Nearly $500 Million From Sam Bankman-Fried: Rashit Makhat was one of the biggest individual beneficiaries of what U.S ...
on.wsj.com/4b75oKB
From SBF to ETF: Crypto's post-FTX comeback in 4 charts: Bitcoin's price has soared 150% over the 14 months since Sam Bankman-Fried's crypto empire imploded.
markets.businessinsider.com/news/currencies/bitcoin-price-crypto-etf-ftx-sam-bankman-fried-ethereum-solana-2024-1
How AI Company ElevenLabs Fueled the Deepfake Audio Boom: Plus: The Elon, Inc., crew talks Starlink, and evaluating the US’s role in the global economy.
bloomberg.com/news/newsletters/2024-02-21/how-ai-company-elevenlabs-fueled-the-deepfake-audio-boom
Bitcoin's comeback means crypto market cap has doubled since FTX failed: Bitcoin's surge has powered the sector's valuation higher, but other tokens like ether ...
markets.businessinsider.com/news/currencies/bitcoin-price-comeback-crypto-market-cap-ftx-sam-bankman-fried-2024-1
The Factory Where Haribo Gummi Bears Come From: Not heaven, but a factory in Wisconsin. Plus: Crypto comes back.
bloomberg.com/news/newsletters/2024-01-18/the-factory-where-haribo-gummi-bears-come-from
The “effective altruism” movement is louder than it is large: And there are big questions about whether it will continue
economist.com/special-report/2024/01/10/the-effective-altruism-movement-is-louder-than-it-is-large
‘Sam didn’t snitch on anyone’: First image of Bankman-Fried behind bars surfaces: The image, obtained by journalist Tiffany Fong, shows the FTX founder posing ...
fortune.com/crypto/2024/02/20/gang-member-image-sbf-jail-ftx-mdc/
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FTX Investors Sue Sullivan & Cromwell Claiming Firm Aided Fraud: FTX investors sued Sullivan & Cromwell, accusing the law firm of aiding illicit schemes that ...
bloomberg.com/news/articles/2024-02-17/ftx-investors-sue-sullivan-cromwell-claiming-firm-aided-fraud
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Bitcoin just topped $50,000 after its price more than doubled in the last year: A surge of ETF-driven interest continues to push the cryptocurrency's value ...
qz.com/bitcoins-price-has-more-than-doubled-in-the-last-year-t-1851248818
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Quick Glance: Bitcoin Market Cap Surpasses $1 Trillion
- Illustration depicts representation of bitcoin cryptocurrency
- Investments in Bitcoin comprise over half of total cryptocurrency market
- Strong inflows to new US-listed ETFs have driven recent price increases
- Shares of US-listed cryptocurrency companies rose before Wednesday's opening
Sam Bankman-Fried's Sentence Might Be Lighter Than You'd Expect: Restitution paid to victims can be considered when sentencing, and judges in the Southern ...
coindesk.com/policy/2024/02/16/sam-bankman-frieds-sentence-might-be-lighter-than-youd-expect/
Coinbase ‘is going to win’: MetaLawMan, X Hall of Flame: MetaLawMan says Coinbase will win against the SEC, and reveals a loophole enabled him to mine Bitcoin ...
cointelegraph.com/magazine/coinbase-sec-lawsuit-bitcoin-mining-metalawman-x-hall-of-flame/
After Crypto Crash: Damaged FTX Customers Likely to Receive Full Repayment: After the collapse of the crypto exchange FTX in 2022, there is now a ray of hope for ...
finanzen.net/nachricht/devisen/betrugsskandal-nach-krypto-crash-geschaedigte-ftx-kunden-erhalten-wahrscheinlich-vollstaendige-rueckzahlung-13251636
Bitcoin's price has more than doubled in the last year to $50,000: A surge of ETF-driven interest continues to push the cryptocurrency's value higher
qz.com/bitcoins-price-has-more-than-doubled-in-the-last-year-t-1851248818
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Safety fast: governance and innovation: Recent rows and scandals highlight how an ‘unsexy’ topic is important to tech start-ups
ft.com/content/b9a902de-46b7-40ce-8851-1f67ded3598e
Crypto is Winning Over Wall Street: Big Take Podcast: After the FTX meltdown, many retail investors shied away from digital assets. On today’s Big Take podcast ...
bloomberg.com/news/articles/2024-02-07/crypto-is-winning-over-wall-street-big-take-podcast
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Kraken secures VASP registration in the Netherlands: Crypto exchange Kraken was granted a virtual asset service provider registration with the Dutch Central Bank ...
cointelegraph.com/news/kraken-secures-vasp-registration-netherlands
Prosecutors call for hearing over lawyers representing Sam Bankman-Fried and Alex Mashinsky
cointelegraph.com/news/prosecutors-conflict-interest-lawyers-sam-bankman-fried-alex-mashinsky
Federal Prosecutors in Manhattan Launch Pilot Program to Entice Whistleblowers: Federal prosecutors in Manhattan have a reputation for taking a tough stance on ...
bloomberg.com/news/articles/2024-01-10/us-prosecutors-message-for-whistleblowers-let-s-make-a-deal
Larry David Calls Himself an 'Idiot' for Doing Infamous FTX Super Bowl Ad: Sam Bankman-Fried's cryptocurrency exchange infamously collapsed months after the ...
coindesk.com/business/2024/02/01/that-ftx-super-bowl-ad-like-an-idiot-i-did-it-larry-david-says/
Some buyers hope for more BTO options, others rue move to hold just one sale of balance flats yearly
straitstimes.com/singapore/housing/some-home-buyers-hope-for-more-bto-options-rue-move-to-hold-just-one-sale-of-balance-flats-yearly
SBF likely off the hook for misplaced FTX funds after cops bust SIM swap ring: PLUS: more glibc vulns discovered; DraftKings hacker sentenced; and a hefty dose ...
theregister.com/2024/02/05/sbf_off_the_hook_for/
"Bitcoin Beautee" is pleading guilty to her role in a $2 billion crypto Ponzi scheme
qz.com/cryptocurrency-crypto-bitcoin-fraud-hyperfund-ftx-sam-b-1851209134
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The question for DeFi in 2024 is whether you can bank on crypto
businesspost.ie/article/the-question-for-defi-in-2024-is-whether-you-can-bank-on-crypto/
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