Sam Bankman-Fried was released on a $250m bond package while he awaits trial on fraud charges related to the collapse of the FTX cryptocurrency exchange.
Federal prosecutors in Manhattan have accused him of stealing billions of dollars in FTX customer funds to plug losses at his hedge fund, Alameda Research.
Federal prosecutors in Manhattan have accused him of stealing billions of dollars in FTX customer funds to plug losses at his hedge fund, Alameda Research.
2022 was indeed a rough year 🥶
It's hard not to look back at 2022 as a year dominated by the crash of the UST algorithmic #stablecoin and the string of insolvencies and bankruptcies that followed
It's hard not to look back at 2022 as a year dominated by the crash of the UST algorithmic #stablecoin and the string of insolvencies and bankruptcies that followed
The new law establishes a crime of fraud involving virtual assets, with a penalty of between 4 and 6 years in jail plus a fine. It also creates a “virtual service provider” license, which is to be requested by digital asset companies,including exchanges and trading intermediaries