Sam Bankman Fried He charmed traders and politicians, however was unfortunate with a federal jury. On Thursday, the previous head of cryptocurrency alternate FTX was discovered responsible of seven counts of fraud and cash laundering. Notice to the President Gary Gensler: The SEC doesn’t want to control cryptocurrency markets to catch violations.
After FTX collapsed final fall, about $9 billion in buyer deposits disappeared. Prosecutors confirmed that Mr. Bankman-Fried used the cash to finance dangerous funding bets, cowl losses on the Alameda enterprise analysis agency, purchase affect in Washington, and purchase actual property within the Bahamas.
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(tags for translation) Monetary funding companies