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Sam Bankman-Fried formally applies for a pardon
Sam Bankman-Fried formally applies for a pardon The FTX CEO was sentenced for fraud in 2024. San Bankman-Fried is continuing his efforts to weasel out of responsibility for his actions as the CEO of cryptocurrency exchange FTX. In 2024, he was sentenced to 25 years in prison for fraud charges surrounding the business.
Everyone is Lying to You for Money is a must-watch exposé of crypto
In a 2021 ad that ran during the Super Bowl – one of the most-watched TV programmes in the US – the actor Matt Damon walks through a hall displaying some of humanity’s greatest achievements and says, with extreme gravitas, “Fortune favours the brave.” The words crypto.com flash on the screen. The not-at-all-subtle implication is that you too can have it all and do something historic; don’t worry about the risk.
Disgraced crypto king Sam Bankman-Fried officially asks Trump for a pardon
Disgraced crypto king Sam Bankman-Fried officially asks Trump for a pardon The former crypto executive was sentenced to 25 years in prison after prosecutors accused him of misappropriating billions of dollars in customer funds - Bookmark - CommentsGo to comments Samuel Bankman-Fried, the imprisoned former cryptocurrency executive and billionaire, has asked the Trump administration for a pardon. In 2024, Bankman-Fried was sentenced to 25 years in prison and $11 billion in forfeiture on a raft...
Bitcoin's star fades, as investors flock to lustre of AI and megacap IPOs
Bitcoin's star fades, as investors flock to lustre of AI and megacap IPOs LONDON, June 5 : Bitcoin is heading for its worst performance for this point in the year in at least a decade, as booming AI stocks and a series of glittering upcoming new listings such as SpaceX lure away capital from the world's largest cryptocurrency. Its price has tumbled around 15 per cent this week, the most since November 2022, when trading platform FTX imploded. At around $63,000, bitcoin has lost a third in...