Sam Bankman-Fried, the founder of cryptocurrency giant FTX who used his ill-gotten gains to become a Democratic megadonor, was convicted of fraud on Thursday in a New York court for stealing at least $10 billion from his customers and investors. Summary Sam Bankman-Fried, the founder of cryptocurrency giant FTX who used his ill-gotten gains to become a Democratic megadonor, was convicted of fraud on Thursday in a New York court for stealing at least $10 billion from his customers and …
Tag: cryptocurrency
One week ago, crypto billionaire Sam Bankman-Fried was one of the Democratic Party’s biggest donors. Now, the 30-year-old’s firm is bankrupt, his fortune has evaporated, and he’s facing DOJ and SEC investigations. Summary One week ago, …