molly0xfff, to random
@molly0xfff@hachyderm.io avatar

Sam Bankman-Fried has just been sentenced to 25 years in prison.

#SBF #SamBankmanFried #crypto #cryptocurrency

TechDesk, to cryptocurrency
@TechDesk@flipboard.social avatar

Disgraced former billionaire and FTX CEO Sam Bankman-Fried has been sentenced to 25 years in prison for fraud. Decrypt looks at how many years he might actually serve in prison.

https://flip.it/hmHxIQ

Lazarou, to random
@Lazarou@mastodon.social avatar

Oh wow, I knew it wouldn't be Oz but this is quite the win for a prison location. And the Privilege used....oh my....

molly0xfff, to random
@molly0xfff@hachyderm.io avatar

can someone please ask michael lewis to stop referring to the sam bankman-fried trial as a "lynching" holy shit

#SBF #SamBankmanFried #MichaelLewis

negative12dollarbill, to random
@negative12dollarbill@techhub.social avatar

Feynman once said the most important thing to know is "everything is made of atoms".

Right now maybe the most important thing to know is "many incredibly wealthy people, particularly in Silicon Valley, are in an insane science fiction cult".

--

dispactke, to random

This is one of the best explanations of the FTX collapse, as well as critique of the foundation of crypto, I've read. A clear summation.

https://www.washingtonpost.com/opinions/2023/11/09/sbf-ftx-conviction-crypto-scam/

parismarx, to tech
@parismarx@mastodon.online avatar

“Now facing decades in federal prison, [Sam] Bankman-Fried has secured his place alongside Bernie Madoff and Elizabeth Holmes in the pantheon of American fraudsters. His speedrun from obscurity to immense wealth and international renown to infamy lasted less than five years.”

https://airmail.news/issues/2023-11-4/lies-all-the-way-down-part-ii

br00t4c, to random
@br00t4c@mastodon.social avatar

Sam Bankman-Fried Was Guilty, and Not Even Michael Lewis Could Save Him

https://jacobin.com/2023/11/sam-bankman-fried-convicted-crypto-fraud-michael-lewis/

samueljohnson, to random
@samueljohnson@mstdn.social avatar

I'm looking forward to Michael Lewis' book on this lunacy. It should be funny.

Meanwhile, the swindler's sidekick Ms Ellison seems to have been (is?) quite a piece of work (a racist bigot among other things)

https://www.businessinsider.com/caroline-ellison-alameda-ftx-sbf-controversial-online-quotes-2022-11

CatherineFlick, to random
@CatherineFlick@mastodon.me.uk avatar

Welp, glad to see the chickens coming home to roost for the crypto wild west. I’d like to think that this will be a lesson to others but I’m sure it won’t.

BigAngBlack, to random
@BigAngBlack@fosstodon.org avatar

Whose got the puns?

FIRE AT WILL!

thejapantimes, to business
@thejapantimes@mastodon.social avatar

Former crypto tycoon Sam Bankman-Fried was found guilty by a New York jury on all seven counts of fraud, embezzlement and criminal conspiracy. https://www.japantimes.co.jp/business/2023/11/03/ftx-founder-guilty/?utm_content=buffer09f76&utm_medium=social&utm_source=mastodon&utm_campaign=bffmstdn

tagesschau, to random German
@tagesschau@ard.social avatar

FTX-Mitgründer Bankman-Fried für schuldig befunden

Sieben Anklagepunkte gab es - und in allen sieben haben New Yorker Geschworene den ehemaligen Krypto-Star Bankman-Fried für schuldig gesprochen. Das Strafmaß steht noch aus - es droht eine drastische Gefängnisstrafe.

➡️ https://www.tagesschau.de/wirtschaft/finanzen/bankman-fried-schuldig-100.html?at_medium=mastodon&at_campaign=tagesschau.de

TechDesk, to tech
@TechDesk@flipboard.social avatar

FTX founder Sam Bankman-Fried has been found guilty of all seven counts in his federal fraud and conspiracy trial, and could face up to 110 years in prison. ABC News has more information.

https://flip.it/RaxOdx

wjmaggos, to random
@wjmaggos@liberal.city avatar

Everybody thought he'd get off cause he was politically connected, right? Maybe all of our institutions are not broken...I guess he can still appeal.
https://www.npr.org/2023/11/02/1210100678/sam-bankman-fried-trial-verdict-ftx-crypto

br00t4c, to random
@br00t4c@mastodon.social avatar
thejapantimes, to business
@thejapantimes@mastodon.social avatar

FTX founder Sam Bankman-Fried, testifying in his own defense at his fraud trial, admitted "mistakes" when the cryptocurrency exchange collapsed, but insisted he did not defraud anyone or steal billions of dollars from customers. https://www.japantimes.co.jp/business/2023/10/28/companies/sam-bankman-fried-mistakes-testimony/?utm_content=buffer034b0&utm_medium=social&utm_source=mastodon&utm_campaign=bffmstdn #business #companies #ftx #sambankmanfried #cryptocurrencies #us

br00t4c, to random
@br00t4c@mastodon.social avatar
br00t4c, to random
@br00t4c@mastodon.social avatar
heiseonline, to random German

"Mich angewiesen, die Verbrechen zu begehen": Lebensgefährtin belastet FTX-Chef

Die Anklage wirft dem FTX-Chef vor, Kundengelder abgezweigt zu haben. Bei dem Prozess in New York bestätigte eine enge Vertraute das. Es geht um Milliarden.

https://www.heise.de/news/Mich-angewiesen-die-Verbrechen-zu-begehen-Lebensgefaehrtin-belastet-FTX-Chef-9330699.html?wt_mc=sm.red.ho.mastodon.mastodon.md_beitraege.md_beitraege

CharlieMcHenry, to random
@CharlieMcHenry@connectop.us avatar

Damn, now imma hafta look up “uncanny valley” and “collapse the wave function” - just when I thought I had it all down, now this…

br00t4c, to random
@br00t4c@mastodon.social avatar
thejapantimes, to business
@thejapantimes@mastodon.social avatar

Caroline Ellison took the witness stand in a New York court and within minutes pointed to her former boss and boyfriend, FTX co-founder Sam Bankman-Fried, as the man responsible for the loss of billions in customer funds. https://www.japantimes.co.jp/business/2023/10/11/companies/bankman-fried-ftx-trial-ex-girlfriend/?utm_content=buffer6d6f4&utm_medium=social&utm_source=mastodon&utm_campaign=bffmstdn

tagesschau, to random German
@tagesschau@ard.social avatar

FTX-Mitgründer Bankman-Fried an vor Gericht

Vor einem Jahr war Sam Bankman-Fried noch Shooting Star der Krypto-Szene. Jetzt steht er vor Gericht. Der Prozess wirft ein Schlaglicht auf das gesamte Geschäft mit Kryptowährungen.

➡️ https://www.tagesschau.de/wirtschaft/finanzen/bankman-fried-prozessauftakt-ftx-100.html?at_medium=mastodon&at_campaign=tagesschau.de

br00t4c, to random
@br00t4c@mastodon.social avatar

How the fall of the 'King of Crypto' cost one British man millions

https://www.bbc.co.uk/news/technology-66892685?at_medium=RSS&at_campaign=KARANGA

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