Currencies33037
Market Cap$ 2.79T+0.54%
24h Spot Volume$ 37.82B-18.1%
ETH Gas0.62 Gwei
/
/
Sam Bankman-Fried found guilty on all charges
Nov, 03, 2023
< 1 min read
by Forkast
Sam Bankman-Fried, the founder of the FTX cryptocurrency exchange, was found guilty of seven counts of fraud and conspiracy.
See related article: SBF trial enters final stage; Bankman-Fried lied about spending customer funds, prosecutors say in closing arguments
Fast Facts
- The unanimous verdict followed 15 days of testimony and approximately four and a half hours of jury deliberation.
- Bankman-Fried’s sentencing hearing is set to take place on March 28, 2024. He faces a maximum sentence of 115 years in prison.
- An appeal could still be on the table, as Bankman-Fried’s lead attorney, Mark Cohen, said that his client respects the jury’s decision but maintains his innocence and will continue to “vigorously fight the charges.”
- “Let’s remember that he operated ‘the safe and regulated’ exchange, and not a single regulator caught him,” said Erik Voorhees, the founder and chief executive officer of crypto trading platform ShapteShift, on X (formerly Twitter), reacting to Thursday’s verdict. “It was, instead, the market, which is not only a great fountain of innovation, but also the best arbiter of discipline and justice.”
See related article: SBF examined over “cozy relationship” with Bahamian government in fraud trail
Read More
Russia Should Develop Its Own Stablecoin, Says Finance Ministry Official
Russia may launch its own stablecoin to avoid foreign sanctions, says Finance Ministr...
Apr, 17, 2025
2 min read
by BTC-Pulse
Sam Bankman-Fried found guilty on all charges
Nov, 03, 2023
< 1 min read
by Forkast
Sam Bankman-Fried, the founder of the FTX cryptocurrency exchange, was found guilty of seven counts of fraud and conspiracy.
See related article: SBF trial enters final stage; Bankman-Fried lied about spending customer funds, prosecutors say in closing arguments
Fast Facts
- The unanimous verdict followed 15 days of testimony and approximately four and a half hours of jury deliberation.
- Bankman-Fried’s sentencing hearing is set to take place on March 28, 2024. He faces a maximum sentence of 115 years in prison.
- An appeal could still be on the table, as Bankman-Fried’s lead attorney, Mark Cohen, said that his client respects the jury’s decision but maintains his innocence and will continue to “vigorously fight the charges.”
- “Let’s remember that he operated ‘the safe and regulated’ exchange, and not a single regulator caught him,” said Erik Voorhees, the founder and chief executive officer of crypto trading platform ShapteShift, on X (formerly Twitter), reacting to Thursday’s verdict. “It was, instead, the market, which is not only a great fountain of innovation, but also the best arbiter of discipline and justice.”
See related article: SBF examined over “cozy relationship” with Bahamian government in fraud trail
Read More
Russia Should Develop Its Own Stablecoin, Says Finance Ministry Official
Russia may launch its own stablecoin to avoid foreign sanctions, says Finance Ministr...
Apr, 17, 2025
2 min read
by BTC-Pulse