Sam Bankman-Fried, CEO of the bankrupt crypto asset exchange FTX, was sentenced to prison. The CEO will never see the light of day again…
One of the biggest fraud cases in the crypto asset world has been concluded. Yes, we are talking about the issue of FTX, which was once among the largest crypto asset exchanges in the world and later went bankrupt. CEO of the bankrupt stock market known as “Emperor” Sam Bankman-Fried, was found guilty of fraud and money laundering allegations in the case held in the USA. Bankrupt CEO whose crime has been confirmed, sentenced to prison.
Our readers who are close to the industry know; FTX, named after Binance was one of the largest stock exchanges. Investors had no problems with the transactions on the stock exchange, everything was happening as it should. When we woke up one morning, we saw that this was not the case at all. It turns out that the secret partnership between FTX and Alameda Research, known as an independent company, has been exposed. Thereupon, FTX became unable to pay and went bankrupt. With a futile effort running away for months Sam Bankman-Fried was finally caught.
Sam Bankman-Fried will not see the light of day easily
The conviction of Sam Bankman-Fried, who was found guilty in the case held in the USA, has been finalized. However, the court is currently did not announce a clear penalty. According to lawyers, the bankrupt CEO will receive a sentence that will last decades. We will inform you again when the final sentence is announced, but the name that was once known as the emperor, will not see the light of day easily It looks like.
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There is no irregularity left that they did not commit…
Sam Bankman-Fried, who seems cute to crypto asset investors and portrays a good image to everyone, is behind the scenes. there is no more. According to the information revealed through the hearings, lies were told to investors. Additionally, the money in FTX customers’ accounts was used without the customers even knowing. Of course, Fried denied all these accusations. The bankrupt CEO, who admits he made mistakes, is in trouble with every step he takes. that he has good intentions he defended…