Recapping FTX Founder Sam Bankman-Fried’s Trial
Bankman-Fried’s sentencing kicks off in a few hours.
Bankman-Fried’s sentencing kicks off in a few hours.
The value of FTX’s FTT token surged 10% on the news.
Bankman-Fried was found guilty of fraud last year and will be sentenced on March 28.
Ray said Bankman-Fried’s victims “will never be returned to the same economic position they would have been in today absent his colossal fraud.”
Bankman-Fried’s defense team attacked prosecutors’ lengthy prison term recommendation in a new letter Tuesday.
Bankman-Fried will be sentenced later this month.
The London-based firm says the creditor promised to fork over two FTX accounts, only to back out of the deal after the value of its claims skyrocketed.
The latest price moves in crypto markets in context for March 7, 2024.