Tag Archives: Sam Bankman-Fried

[ad_1] Former cryptocurrency billionaire Sam Bankman-Fried was sentenced Thursday to 25 years behind bars for his role in perpetrating one of the largest financial crimes in U.S. history. Bankman-Fried, 32, was convicted in November of seven counts of fraud, conspiracy and money laundering, along with other charges of conspiracy to …

[ad_1] The cryptocurrency industry continues to be plagued by an unending series of scandals. First it was FTX founder Sam Bankman-Fried, now it’s Changpeng Zhao of Binance. Zhao, popularly known as CZ, pleaded guilty to to a felony related to his failure to prevent money laundering on the platform and …