FTX – InfoStride News https://www.theinfostride.com Breaking News, Nigeria News and Top Stories Fri, 29 Mar 2024 07:24:16 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://www.theinfostride.com/wp-content/uploads/2015/07/cropped-The-InfoStride-Favicon-150x150.png FTX – InfoStride News https://www.theinfostride.com 32 32 Sam Bankman bags 25 years prison time, to forfeit $11 billion over FTX collapse https://www.theinfostride.com/sam-bankman-bags-25-years-prison-time-to-forfeit-11-billion-over-ftx-collapse/ https://www.theinfostride.com/sam-bankman-bags-25-years-prison-time-to-forfeit-11-billion-over-ftx-collapse/#respond Fri, 29 Mar 2024 07:24:16 +0000 https://www.theinfostride.com/?p=374314 Sam Bankman-Fried, co-founder of FTX, has been handed a 25-year prison sentence for his role in the collapse of the cryptocurrency exchange, culminating a high-profile case that has rocked the crypto industry. As part of the sentencing, Judge Kaplan ordered Bankman-Fried to forfeit more than $11 billion, showing the magnitude of the financial damage caused [...]

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]]> https://www.theinfostride.com/sam-bankman-bags-25-years-prison-time-to-forfeit-11-billion-over-ftx-collapse/feed/ 0 FTX Founder Sam Bankman-Fried Convicted in $8B Fraud Case https://www.theinfostride.com/ftx-founder-sam-bankman-fried-convicted-in-8b-fraud-case/ https://www.theinfostride.com/ftx-founder-sam-bankman-fried-convicted-in-8b-fraud-case/#respond Sun, 19 Nov 2023 22:29:57 +0000 https://www.theinfostride.com/?p=361249 InfoStride News reported that FTX founder Sam Bankman-Fried has been found guilty of embezzling $8 billion from customers of his now-defunct cryptocurrency exchange. Following a month-long trial, a 12-member jury in Manhattan federal court convicted Bankman-Fried on all seven counts he faced. The sentencing is scheduled for March 28, 2024, and he could potentially face [...]

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