Sam Bankman-Fried Expresses Remorse Over 25-Year Fraud Sentence
Bankman-Fried reportedly hinted at plans for an appeal, citing trial testimony that he claimed misrepresented events and the exclusion of crucial evidence.
Source: ibtimes.com
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₹2,000 notes won't be exchanged or deposited on April 1: What RBI said
The facility for the exchange of the ₹2000 banknotes has been available at the 19 issue offices of the Reserve Bank (RBI Issue Offices) since May 19, 2023.
Source: hindustantimes.com
Once 'Crypto King', Sam Bankman-Fried Now Faces 25 Years In Prison For Rs 66,000 Crore Fraud
Sam Bankman-Fried, previously known as the 'Crypto King' and the founder of the FTX cryptocurrency exchange, has been convicted and sentenced to 25 years in prison. He has been charged for embezzling $8 billion (Rs 66,000 crore) from users of his now defunct platform, which ultimately led to its bankruptcy. US District Judge Lewis Kaplan rendered the decision on Thursday, marking the conclusion of Bankman-Fried's trial initiated following the collapse of FTX in 2022.
Source: indiatimes.com
Other Barks and Bites for Friday, March 29: Boeing Files Trade Secrets Lawsuit Against Virgin Galactic, Apple Sues Ex-Engineer for Leaking Confidential Information to Journalist; Kim Kardashian is Sued in Trademark Infringement Case
This week in Other Barks & Bites: a Delaware district court throws out a $500 million patent infringement case against Sony; the U.S. Court of Appeals for the Federal Circuit (CAFC) issues a pair of precedential rulings; and Boeing launches a lawsuit against Virgin Galactic.
Source: ipwatchdog.com
Sam Bankman-Fried's sentencing marks an end to 'Wild West' days of crypto
The ‘Crypto King’ was once the new technology’s revered figurehead. Now, as he begins a 25-year prison sentence, he could become an unlikely symbol of its new found maturity, writes Anthony Cuthbertson
Source: independent.co.uk