FTX Founder Sam Bankman-Fried Found Guilty on All Charges A jury has delivered a guilty verdict for Sam Bankman-Fried, founder of FTX, on all seven criminal counts against him. Bankman-Fried now faces a maximum sentence of 115 years in prison. The charges include wire fraud, conspiracy to commit wire fraud, securities fraud, commodities fraud, and…
Cryptocurrency Used by Terror Groups for Instant Money Transfers, Says Intelligence Report October 25, 2023, 20:41 IST Various terror groups are utilizing cryptocurrency exchanges to facilitate easy and instant money transfers, according to top intelligence sources. The survey of the dark net has revealed that cryptocurrency is being used to fund terror activities. However, these…
Cathie Wood, the CEO and Chief Investment Officer of Ark Invest, revealed that the most common question on their website is why their strategies cannot be purchased in Europe. In an interview with CNBC’s “ETF Edge,” Wood stated that the demand for Ark’s research strategies from Europe accounts for approximately 25% of the total demand….
Former FTX CEO Sam Bankman-Fried, who is currently facing fraud charges in connection with the collapse of a bankrupt cryptocurrency exchange, has been revealed to have donated $50 million to undisclosed politically active groups during the 2022 election cycle. Newly released documents show that Bankman-Fried, his cryptocurrency exchange FTX, and two of his former colleagues…
Title: Thousands of Policemen and Teachers Fall Victim to Cryptocurrency Scam in Himachal’s Mandi District Publication Date: October 19, 2023, 17:30 IST Image Caption: Policemen, teachers, and others got involved in the scheme for quick returns. (File photo/News18) In a shocking turn of events, over a thousand police personnel in Himachal Pradesh’s Mandi district have…
Former FTX engineering chief, Nishad Singh, testified in court on Monday about his one-on-one meetings with Sam Bankman-Fried, the founder of the crypto firm. Singh revealed that he had rare face-to-face discussions with Bankman-Fried to discuss the dire financial situation of FTX. Singh, who had previously worked with Alameda Research before joining FTX, asked for…
