Sam Bankman-Fried – TOP DAILY NEWS

Dec142024 by adminNo Comments

Sean “Diddy” Combs will stay in NYC prison after withdrawing bail appeal

General

By Katie Houlis Upgraded on: December 13, 2024/ 11:20 PM EST/ CBS New York Sean "Diddy" Combs ends his quote to get bail Sean "Diddy" Combs ends his quote to get bail 00:25 NEW YORK CITY-- Sean "Diddy" Combs submitted a movement Friday to dismiss his appeal for bail, implying he will remain in prison till his trial on sex trafficking charges in May 2025.Combs was purchased held without bail when he was very first apprehended back in September, however his l...

Nov132024 by adminNo Comments

Apple and A24 are developing a Sam Bankman-Fried movie written by Lena Dunham

Technology

Apple and art house film company A24 are in early development on a film about convicted crypto scammer Sam Bankman-Fried with a script written by Lena Dunham, Variety reported. The project will be based on the Michael Lewis book Going Infinite: The Rise and Fall of a New Tycoon that many critics found overly deferential to Bankman-Fried.The book describes the dizzying rise and equally vertiginous fall of Bankman-Fried and his FTX crypto exchange and Alameda hedge fund. However, it paints the FTX founder as a benevolent prodigy and glosses over the fact that he embezzled billions of dollars from customers and spent it on things like celebrity endorsements, political donations and high-end real-estate purchases.FTX was worth billions at its peak, but the exchange eventually collapsed and Ban...

Apr182024 by adminNo Comments

Sam Bankman-Fried’s trial drew back the drape on crypto

Technology

Last November, after simply a couple of hours of consideration, a New York jury founded guilty Sam Bankman-Fried of scams and conspiracy in the general public flameout of his cryptocurrency exchange FTX, which stands implicated of taking as much as $10 billion from consumers. On March 28, Bankman-Fried, who acquired worldwide prominence as the disheveled crypto genius behind the exchange, which he established in 2019, was sentenced to 25 years in federal jail. The extreme, five-week criminal trial last fall revealed the structure of deceptiveness that Bankman-Fried, 32, had actually for years utilized to prop up FTX and himself and, regardless of the demonstrations of some crypto lovers that he was simply one rotten apple, made it hard for the general public not to question whether the re...

Apr112024 by adminNo Comments

What a Judge Said About the SEC’s Suit Against Coinbase

Business

In Between Coinbase, Custodia, Roman Storm and Sam Bankman-Fried, there was a lot of news recently. Let's get to it.You're checking out State of Crypto, a CoinDesk newsletter taking a look at the crossway of cryptocurrency and federal government. Click on this link to register for future editions.Huge weekThe narrativeCoinbase and Custodia both lost early and initial court battles. The Coinbase loss was basically anticipated-- business hardly ever win much on a movement for judgment at such an early phase-- however still quite informing.Why it mattersAt some point the cases including the U.S. Securities and Exchange Commission are going to move to appeals courts and perhaps even the U.S. Supreme Court, if they're not settled. Up until that point, these choices in the district court are cl...

Mar252024 by adminNo Comments

SBF legal representatives knock ‘death-in-prison’ sentence proposition mentioning absence of losses

Business

SBF legal representatives knock 'death-in-prison' sentence proposition mentioning absence of losses Oluwapelumi Adejumo · 5 days ago · 2 minutes checked out SBF defense argued that no concrete losses took place. They are looking for a lowered 78 month sentence rather. 2 minutes checked outUpgraded: Mar. 20, 2024 at 10:40 am UTC Cover art/illustration by means of CryptoSlate. Image consists of combined material which might consist of AI-generated material.Sam Bankman-Fried's (SBF) legal representatives have actually greatly slammed the Department of Justice's sentencing memorandum in a March 19 letter to Judge Lewis Kaplan.In the letter, the legal representatives explained the DOJ's proposed optimum sentence of 50 years jail time for SBF as "troubling" and "with significant hostili...