Former cryptocurrency executive Gary Wang, who unwittingly wrote the computer code that helped FTX founder Sam Bankman-Fried steal about US$8 billion from customers of the now-bankrupt exchange, was spared prison time by a judge on Wednesday. US District Judge Lewis Kaplan announced he would be imposing no prison time at a hearing in federal court … Read more
Following a request from the United States, the Bahamas police arrested cryptocurrency tycoon Sam Bankman-Fried. The US is seeking to charge him for wire fraud, securities fraud, money laundering and related conspiracy charges following the collapse of the FTX platform, which led to millions of investors losing their hard-earned money. The disgraced crypto tycoon was … Read more
Sam Bankman-Fried, who founded FTX until a liquidity crunch forced the cryptocurrency exchange to declare bankruptcy, is escorted out of the Magistrate Court building after his arrest, in Nassau, Bahamas (Image: Reuters) If Sam Bankman-Fried does not challenge extradition, FBI officials will accompany him to the US where he will appear at a Manhattan court … Read more
