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Prosecutors Demand 50 Years for Bankman-Fried, Citing FTX Founder’s Repeated Gambles ‘With Other People’s Money’

In a statement from U.S. Attorney Damian Williams and his team, the fallen FTX founder, Sam Bankman-Fried (SBF), faces a recommendation for up to half a century behind bars for his offenses. The prosecutors argue that SBF has a penchant for high-stake risk and “gambling repeatedly with other people’s…

A Maximum of 78 Months — Sam Bankman-Fried’s Legal Team Calls for Leniency

In a recent legal submission, Sam Bankman-Fried’s freshly appointed defense team strongly criticized the suggested century-long sentence as “grotesque.” The firm Mukasey Young is pushing for a gentler verdict for the 31-year-old creator of FTX. Bankman-Fried’s Defense Urges Judge to Cap Sentence at 78 Months The defense’s legal brief…

Behind MDC Walls — Independent Reporter Captures Photo of Sam Bankman-Fried’s New Reality

This week, a prison snapshot featuring Sam Bankman-Fried (SBF), the ex-FTX chief, was released by the independent journalist Tiffany Fong. Capturing the first glimpse of SBF since his detention, the image places the once-prominent cryptocurrency magnate alongside five other detainees within the confines of the Metropolitan Detention Center (MDC)…

Billionaire Peter Thiel’s VC Firm Bought BTC and ETH Worth $200 Million in Latter Half of 2023

Founders Fund, a venture capital (VC) firm founded by the billionaire Peter Thiel, is believed to have acquired bitcoin and ethereum worth $200 million sometime in the second half of 2023. The VC firm reportedly began purchasing bitcoin when its price was still under $30,000. Founders Fund’s Renewed Interest…

FTX to Sell Subsidiary Acquired for $10M to Coinlist for $500K Amid Bankruptcy Proceedings

FTX Trading Ltd. and its affiliates have announced a plan to sell a subsidiary it acquired for $10 million to Coinlist for $500,000, court documents filed on Feb. 9, 2024 show. The latest motion, filed in the United States Bankruptcy Court for the District of Delaware, details the proposed…

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