Sam Bankman-Fried

The chief executive of the cryptocurrency company Sam Bankman-Fried founded attacked the onetime crypto power player on Wednesday in a letter to a federal judge scheduled to sentence him next week, saying his claim that customers, lenders, and investors were not harmed was callously false and he was living a “life of delusion.”FTX Trading Limited CEO John J. Ray III told Judge Lewis A. Kaplan that Bankman-Fried’s victims have suffered and continue to suffer from his crimes.“Mr. Bankman-Fried continues to live a life of…

Federal prosecutors asked a New York judge on Friday to sentence FTX founder Sam Bankman-Fried to between 40 and 50 years in prison for cryptocurrency crimes they described as a “historic fraud.”Prosecutors made the request as they submitted their presentence recommendations to a federal judge who will sentence a man who at one time dazzled the cryptocurrency world with his promotional skills, including his access to famous people willing to promote his businesses.Bankman-Fried, 32, is scheduled to be sentenced in…

A new chapter in the Sam Bankman-Fried saga: On Friday, federal prosecutors asked a New York judge to sentence the founder and former head of cryptocurrency exchange FTX to between 40 and 50 years in prison. They cited claims that Bankman-Fried participated in a “historic fraud” and cost customers and investors at least $10 billion as the rationale behind the hefty jail time. Bankman Fried’s lawyers have argued that five or six years behind bars would be appropriate, maintaining that he’s not an “evil genius” or “greedy…

Bitcoin hit an all-time high of $69,170 Tuesday morning, according to CoinMarketCap, breaching the previous all-time high of $68,990 in November 2021. The price then slipped back under $68,000 soon after reaching its peak. The Biggest Crypto Heists of 2022…So FarEthereum, which currently sits at $3,815, has also been steadily climbing, though it still has a ways to go before reaching $4,721, the all-time high from November 2021.Bitcoin and every other cryptocurrency rather famously nosedived in 2022, a year that opened…

Lawyers for FTX founder Sam Bankman-Fried on Tuesday suggested to a U.S. judge that sentence ranging between 63 and 78 months would be an appropriate punishment for his conviction on charges of stealing $8 billion from customers of his now-bankrupt cryptocurrency exchange. Lawyers for FTX founder Sam Bankman-Fried on Tuesday suggested to a U.S. judge that sentence ranging between 63 and 78 months would be an appropriate punishment for his conviction on charges of stealing $8 billion from customers of his now-bankrupt…

It’s safe to say crypto is experiencing renewed interest since the crash of 2022. Bitcoin just hit its highest price since 2021, the SEC’s approval of spot Bitcoin ETFs has investors very excited, and the market cap for all crypto just breached $2 trillion. But everyone who’s ready to FOMO their way into crypto should ask themselves: Should we really be doing this again?He Tossed His Bitcoin, Now He Wants It BackThe last time the crypto market was this hot was late 2021, and things were looking very rosy in the world of…

Photo: TIMOTHY A. CLARY / AFP (Getty Images)It’s official: There will be no further attempts to salvage FTX. The once popular but now defunct crypto exchange that “misplaced” billions of dollars in user assets before collapsing in a heap of scandal is officially headed to the corporate graveyard. The Biggest Crypto Heists of 2022…So FarThe Guardian reports that FTX lawyers say that attempts to revive the exchange have been scrapped and that, instead, its assets will be liquidated and that funds will be returned to…

The price of Bitcoin crashed nearly 10% on Wednesday, falling from $45,000 to below $41,000 in mere hours, hurting crypto’s best bull run in a year. But what, or who, could have been the culprit behind the crash? The day before, CNBC’s host of Mad Money, Jim Cramer, directed his powerful investing advice towards Bitcoin. He Tossed His Bitcoin, Now He Wants It Back“You can’t kill it,” said Cramer on CNBC Tuesday, referring to the remarkable rally Bitcoin had last year. “It’s here to stay,” he said, just a day before the…

Sam Bankman-Fried once faced 13 criminal charges relating to his massive fraud scheme at the crypto exchange FTX. However, he’ll only face consequences for the seven charges he was found guilty of in November. Sam Bankman-Fried Using a VPN, McDonald’s AI Drive Thru Fails, Buzzfeed AI Quizzes Suck | Editor PicksThe United States Department of Justice (DOJ) dropped a second trial against Sam Bankman-Fried relating to five additional charges, according to a letter from the department to Judge Lewis Kaplan on Friday.“The…

U.S. prosecutors said they do not plan to conduct a second trial against Sam Bankman-Fried, who was convicted last month of stealing from customers of his now-bankrupt FTX cryptocurrency exchange.In a letter filed on Friday night in federal court in Manhattan, prosecutors said the "strong public interest" in a prompt resolution of their case against the 31-year-old former billionaire outweighed the benefits of a second trial.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School…