Benzinga – On Dec. 12, 2022, authorities arrested Sam Bankman-Fried, the former CEO of FTX, a cryptocurrency exchange, for financial misconduct connected to its collapse. His recent 25-year prison sentence in March 2024 revitalized the buzz.
Don’t Miss:
- If you invested $100 in DOGE when Elon Musk first tweeted about it in 2019, here’s how much you’d have today.
- According to Cathie Wood, holding 6 Ethereum (ETH) could make you a millionaire, here’s why it can be true.
According to a news release from the U.S. Department of Justice, Bankman-Fried faced fraud and conspiracy charges for misusing customer funds to cover risky investments and support his hedge fund, Alameda Research, expenses. This dramatic FTX-collapse saga instilled unprecedented fear in the crypto market, causing significant…
Read More