Ftx
Sam Bankman-Fried Receives 25-Year Prison Sentence
By FXCOINZ Editorial
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01/04/2024
After a concise hearing, a judge sentenced Sam Bankman-Fried to a quarter-century behind bars. Despite efforts to secure leniency, Bankman-Fried faces a significant 25-year prison term due to his involvement in the collapse of the FTX exchange and Alameda Research trading firm.
Bitcoin Suffers Largest Single-Day Decline Since FTX’s Collapse
By FXCOINZ Editorial
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20/03/2024
Bitcoin’s price correction intensified on Tuesday, marking the largest single-day percentage decline since November 2022. The pullback comes as U.S.-listed spot exchange-traded funds (ETFs) experience significant outflows, signaling a shift in investor sentiment.
Prosecutors Call for 40-50 Years for FTX Fraud Convict Sam Bankman-Fried
By FXCOINZ Editorial
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17/03/2024
Manhattan prosecutors are urging for a lengthy prison sentence of 40 to 50 years for Sam Bankman-Fried, following his conviction for orchestrating an $8 billion fraud scheme through his now-defunct FTX cryptocurrency exchange.
Swiss Crypto Hedge Fund Tyr Capital Faces Clash with Client over its ties to the bankrupt FTX exchange – FT
By FXCOINZ Editorial
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20/02/2024
Swiss crypto hedge fund Tyr Capital is in a dispute with client TGT over its ties to the bankrupt FTX exchange. TGT accuses Tyr of “criminal” mismanagement, leading to a raid by a Swiss prosecutor. The disagreement centers on Tyr’s withdrawal of funds from FTX on the day of its bankruptcy, violating warnings and internal exposure limits. The conflict follows FTX’s 2022 collapse, impacting connected entities and setting the stage for a legal battle with potential consequences for Tyr Capital and the crypto investment landscape.