Tag: Crypto

In a new verdict from a New York federal court, Sam Bankman-Fried, 31, also known as SBF, the co-founder and former CEO of the defunct cryptocurrency exchange FTX, was convicted on several charges. After a trial lasting several weeks, a jury of 12 found Bankman-Fried guilty of all seven...

Many have questioned where Hamas obtains it's money to fund their war with Israel, notably heightened by the surprise attack over the weekend. Some experts suggest that the answer may just lie in cryptocurrencies. Saturday's Palestinian Islamic Jihad (PIJ)-Hamas joint invasion of Israel from Gaza has so far killed over...

Catching you up: Last December, Mr. Bankman-Fried faced charges of fraud and campaign finance violations after the abrupt collapse of his cryptocurrency exchange, FTX. Following his prompt extradition to the United States from the Bahamas, where FTX was headquartered, legal proceedings commenced to officially the once-billionaire of crimes ranging...

One of the premier global banking systems for cryptocurrency has announced it is shutting its doors and will cease operations once all assets have been liquidated. Silvergate Bank, The La Jolla, California-based bank has seen billions in deposits leave the institution in recent months due to the collapse of...

A "close associate" of Sam Bankman-Fried has been an informant to the Bahamas' security commission and may have tipped off the authorities on where he was staying at the time of his arrest. According to the Financial Times, the co-chief of FTX's Bahamas unit, Ryan Salame, informed the country's...

According to a story from Bloomberg on Tuesday, the United States and the Bahamas may be interested in sending FTX founder Bankman-Fried on a plane to talk with Uncle Sam about the now-infamous failure of his cryptocurrency exchange. The 30-year-old crypto entrepreneur who goes by the handle SBF has reportedly...