#sambankmanfried

[usnewsper-business]

Meet Sam Bankman-Fried: The Bitcoin Genius Changing Finance and Giving Back #Bitcointrading #businessworld #career #cryptocurrencyexchange #cryptocurrencyexchangeFTX #education #familybackground #finance #Ftx #Investing #numbers #philanthropy #SamBankmanFried #scientificresearch #socialresponsibility #sociallyconsciouscapitalism #success #WashingtonPostreport #wealth #workethic

[enterprisewired]

Crypto Entrepreneur Sam Bankman-Fried Sentenced to 25 Years in Landmark Ruling

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Source- Gutzy Asia

A significant chapter in the crypto world closed as former billionaire and crypto champion, Sam Bankman-Fried, received a 25-year prison sentence following his firm’s dramatic collapse in 2022. Here’s a detailed look at the ruling and its implications:

Legal Consequences Unveiled

Sam Bankman-Fried, the erstwhile face of FTX, faced the legal repercussions of his actions as he was convicted of stealing billions from customers prior to the firm’s downfall. The sentencing, handed down by a New York judge, represents a pivotal moment in the crypto industry, underscoring the gravity of financial crimes in the digital realm.

Appeal Amidst Heartbreak

Bankman-Fried’s legal team promptly announced plans to appeal against his conviction, signaling a continued legal battle ahead. Expressing profound sadness, Bankman-Fried’s parents conveyed their unwavering support for their son, emphasizing their commitment to fighting for justice amidst the turmoil.

Judge’s Stern Rebuke

Prior to delivering the sentence, Judge Lewis Kaplan delivered a scathing critique of Bankman-Fried’s actions, condemning his deception and lack of remorse. Despite acknowledging the potential for rehabilitation, Judge Kaplan stressed the necessity of imposing a stringent punishment to deter future misconduct and safeguard against further harm.

Industry Impact and Reflection

Bankman-Fried’s sentencing reverberated across the crypto landscape, prompting reflection and introspection within the industry. While some viewed the ruling as a necessary step towards accountability, others expressed concerns about its potential chilling effect on innovation and entrepreneurship in the burgeoning crypto sector.

In summary, Sam Bankman-Fried’s sentencing marks a pivotal moment in the intersection of crypto entrepreneurship and legal accountability, highlighting the complexities and challenges inherent in navigating the rapidly evolving digital economy. As the crypto industry grapples with regulatory scrutiny and enforcement actions, the fallout from Bankman-Fried’s case underscores the imperative of upholding integrity and ethical conduct in the pursuit of innovation and growth.

[meta-merchant]

BREAKING: FTX founder Sam Bankman-Fried has been sentenced to 25 years in prison, marking a significant moment in the crypto industry. As the community reflects on the impact of this event, it's a reminder of the importance of transparency and trust in finance.

[wecoinverse]

BREAKING: FTX founder Sam Bankman-Fried receives a 25-year prison sentence.

A pivotal moment in the crypto industry, highlighting the importance of transparency and accountability.

[ladookhotnikov]

Sam Bankman-Fried is guilty. Who else is wrong?

Sam Bankman-Fried was found guilty. This is not the end of the trial, the jury has issued a guilty verdict, and the verdict will be announced next March.

The FTX ex-head was accused of fraud, money laundering, and embezzlement of $8 billion.

Sam refused to plead guilty, although witnesses confirmed the prosecution’s case.

As a matter of fact, we’re not going to find out who’s responsible or who isn’t, we just would like to point out some interesting facts.

Among FTX shareholders and investors are the world’s largest investment companies, controlling more than ten trillion dollars. Many customers trusted the exchange only because it has invested by grands of investment business. Why not, they also have analysts, security services, compliance. Do they checked everything and made sure of reliability, right?

No, they don’t. All these companies with armies of clerks with diplomas of the best universities were wrong in the assessment of the counterparty. Why did this happen? During the trial, it became clear that FTX’s problems were visible well before its bankruptcy. There are two possible options, all of which point to systemic problems.

First, all analysts could have made a banal mistake or not taken enough responsibility for their work. It is possible that corporate standards for counterparty assessment do not correspond to business realities.

The second option is that everyone was well aware of the FTX problems, but kept pretending that nothing was happening.

What do you like better? Both options are extremely negative, and in any case, there are serious questions for the entire corporate system.

[millionairemanifest]

FTX says it has identified a deficit of $8.9 billion in customer funds that it can’t account for, the first time the bankrupt cryptocurrency exchange has pinned down how much money has gone missing. In a public presentation released on Thursday, FTX said it had identified around $2.7 billion of customer assets, compared with $11.6 billion of balances outstanding on customer accounts. The estimated value of FTX’s assets and liabilities are based on crypto prices on the day of the company’s bankruptcy filing in early November. #cryptoding #ftx #sbf #sambankmanfried #cryptonews #bitcoinnews #cryptoexchange #bitcoinexchange https://www.instagram.com/p/CpVa4UhPrKl/?igshid=NGJjMDIxMWI=

[dontshoothere-blog]

.@SBF_FTX #SamBankmanFried #TheStewartofNY #Paparazzi #StreetStyle #Love #Instagood #PhotooftheDay #Fashion #Beautiful #FollowMe #PicoftheDay #Follow #InstaDaily #Friends #Repost #Fun #Style #Smile #InstaLike #LikeForLike #TagsForLikes #Follow4Follow #NoFilter #Beauty #Amazing #Instamood #Instagram #Photography https://www.instagram.com/p/CmhuOwypIQ9/?igshid=NGJjMDIxMWI=

[zenlesszonezero]

Join Zenless Zone Zero with Tsukishiro Yanagi, the deputy leader of Hollow Special Operations Section 6! Beneath her ordinary office lady exterior lies a meticulous, emotionally intelligent big sister to the team.

[johnnydiggz]

Fake Bank Man Freed. #sambankmanfried #sbf #ftx (at Sanford, Florida) https://www.instagram.com/p/CmfqDcFMa3r/?igshid=NGJjMDIxMWI=

[cgrgry]

These 2 criminals will be in Washington DC today how Ironic Hey Офіс Президента України #VolodymyrZelenskyy Where the fuck is that 10 billion dollars the #AmericanPeople gave you to take care of your people and buy weapons with It was not to Invest in the crypto market. Now that 10 billion dollars has disappeared you want us to give you more #AmericanDollars #TenBillionDollarUkrainianPonziScheme #FTXscam #UkraineMisusedAmericaFunds #SamBankmanFried Well try to run Israel Sam Bankman-Fried where the Fuck is The our 10,000,000,000 $10 Billion Dollars Motherfucker @zelenskiy_official It better be hundreds of motherfuckers going to jail not just 2 people The Ukrainian government mysteriously disappeared online records of its fundraising arrangement with the FTX crypto scam just days before the scandal erupted. The initiative claims to have raised $60 million for Ukraine, but where did the money go? (at Ukraine Україна) https://www.instagram.com/p/Cmb-fq9r1Lo/?igshid=NGJjMDIxMWI=

[stoccoin]

FTX founder Sam Bankman-Fried was arrested by Bahamian authorities Monday evening after the United States Attorney for the Southern District of New York shared a sealed indictment with the Bahamian government, setting the stage for extradition and U.S. trial for the onetime crypto billionaire at the heart of the crypto exchange’s collapse. Before his arrest was announced, Bankman-Fried had been expected to testify virtually before the House Financial Services Committee on Tuesday. His arrest is the first concrete move by regulators to hold individuals accountable for the multi-billion dollar implosion of FTX last month. Damian Williams, the U.S. Attorney for the Southern District of New York, said on Twitter that the federal government anticipated moving to “unseal the indictment in the morning.” Bahamas Attorney General Ryan Pinder said that the United States was “likely to request his extradition.” In a statement, Bahamian Prime Minister Philip Davis said, “The Bahamas and the United States have a shared interest in holding accountable all individuals associated with FTX who may have betrayed the public trust and broken the law.” #Stoccoin #FTX #SamBankmanFried #Bahamas https://www.instagram.com/p/CmIhyA9vvEm/?igshid=NGJjMDIxMWI=

[usnewsper-business]

Controversial Cryptocurrency Trader: Sam Bankman-Fried's Unconventional Strategies and Family Support #controversialfigure #cryptocurrencytrader #industryexperts #SamBankmanFried #unconventionaltradingstrategies

[alfonsoselva]

FTX fallisce.Cosa è successo e come fare per proteggere le tue cripto?Intervista a F. Ametrano di CheckSig. EP. 181

[sebastienmauclair]

Stephen Curry aurait perdu gros dans FTX

[metatenure]

Exclusive: Sam Bankman-Fried No Longer a Billionaire After $14.6B Wipeout

Read more at: https://bit.ly/3WLykk6

[ladookhotnikov]

About the lawsuit filed against Sam Bankman-Fried

The trial of the former head of the crypto exchange FTX Sam Bankman-Fried is underway In New York. I’m watching him and I feel like I’m being manipulated.

I felt sympathy for Sam at the beginning of the trial, He seemed like a talented guy who got lucky and made mistakes because of his carelessness. Everything said it: behavior, manner of talking, and appearance. Look at him - he’s like the genius scientist from a Hollywood movie.

However, one by one, the witnesses appeared in court and the impression changed. The disheveled hairstyle of a young smart scientist was the result of the work of high-end image makers, and the "mistakes" were fully conscious actions to withdraw billions of dollars.

Did my first positive impression come from skillful manipulation?

It’s very possible. But it is also possible that debunking Sam’s image is the result of manipulation.

For myself, I have chosen the line - not to trust any party to this process.

Now I try to distance myself as much as possible from any assessments.

We can only observe and believe that the solution, whatever it may be, will be just.

[news247worldpressposts]

#Breaking: The social movement called “effective altruism” continues to influence public discourse around #AI

🤖 The social movement called “effective altruism” continues to influence public discourse around AI, despite the fall from grace of the movement's highest-profile figure and one of its biggest donors: disgraced “crypto king” #SamBankmanFried. @POB_journo explains 👇 pic.twitter.com/clZBiHjzE2 — FRANCE 24 English (@France24_en) November 3, 2023 Source: X