FTX founder Sam Bankman-Fried was found guilty by a jury on all seven counts of fraud in federal court. What does this verdict mean for the future of the crypto industry? CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De weighs in and also shares an update on Bankman-Fried's tentative sentencing hearing slated for March 28, 2024.
Sam Bateman Fried's conviction on seven counts of fraud in federal court is another step in the long running FTX saga reaching a conclusion. Joining us now to discuss this coin desk global policy and regulation and managing editor Nick Day, who's also the editor of Coin Desk State of crypto newsletter. Good morning, Nick. Hey, good morning.
So the Office of Pretrial Service is going to create this document memo saying, ok, here's how many years of prison we recommend. Uh you know, based on everything we have seen the record from the trial, the, you know, alleged crimes, the severity, the money involved, et cetera, then the defense and the DOJ are both going to weigh in, they're going to have their own views. The defense is obviously going to say, well, that's too much time.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Q&A with Sam Bankman-Fried's former assistant, who discusses his guilt and 'tells'Natalie Tien spent more than two years by Sam Bankman-Fried's side, until it all came crashing down.
Read more »
Sam Bankman-Fried might not be the last crypto criminalWhat is the effect of Sam Bankman-Fried’s guilty verdict on other cryptocurrency companies as they attempt to convince customers, regulators, and politicians that their products are safe?
Read more »
Sam Bankman-Fried convicted, PayPal faces SEC subpoena, and other news: Hodler’s Digest, Oct. 19Sam Bankman-Fried is found guilty of fraud, other crimes; PayPal receives subpoena from the U.S. SEC, and Invesco Galaxy’s spot Bitcoin ETF joins DTCC website.
Read more »
What's ahead for Sam Bankman-Fried?Sam Bankman-Fried's conviction on fraud and conspiracy charges means the FTX founder faces a long time behind bars. A former U.S. attorney weighs in on the fallen crypto king's future.
Read more »
Sam Bankman-Fried and the SECJournal Editorial Report: The week’s best and worst from Kim Strassel, Bill McGurn and Dan Henninger. Images: AP/Reuters Composite: Mark Kelly
Read more »