Sam Bankman-Fried s 25-Year Sentence a Harbinger of Crypto Trials to Come bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
FTX co-founder Sam Bankman-Fried was sentenced to 25 years in prison. The decision sets the tone for others accused of crimes involving digital assets, including former Celsius Network Ltd. Chief Executive Officer Alex Mashinsky, Terraform Labs Pte co-founder Do Kwon and Binance Holdings Ltd. founder Changpeng Zhao.
SBF Sentencing: 8 Other Crypto Executives Accused Facing Fraud Cases bloomberg.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloomberg.com Daily Mail and Mail on Sunday newspapers.
Even after a bankruptcy court has confirmed a chapter 11 plan, changed circumstances prior to the plan's implementation and "substantial consummation" might make alterations to the plan.
In the waning days of 2022, a month after the collapse of FTX, federal prosecutors filed eight charges against Sam Bankman-Fried, the face of the bubble-like crypto industry. Four of them involved wire fraud.