The Latest Breaking News from Sam Bankman-Fried

FTX did not specify the exact sum allegedly misappropriated by Bankman and Fried but detailed certain expenditures: Bankman's annual remuneration of $200,000 as a senior adviser to the FTX foundation, over $18 million allocated for Bahamian real estate, and $5.5 million in contributions made by the FTX Group to Stanford…

The failed exchange founded by Sam Bankman-Fried had formed a partnership with Dave in 2022 to work on crypto payments.

Last week, U.S. prosecutors decided not to pursue additional charges against Bankman-Fried, the former CEO of the fallen crypto empire FTX who was found guilty of seven counts of fraud in November.

Bankman-Fried was expected to be prosecuted on six additional charges, including unlawful political campaign contributions, conspiracy to commit bank fraud, substantive securities and commodities fraud, conspiracy to operate an unlicensed money-transmitting business and charges of conspiracy to bribe foreign officials.

Bitcoin and other cryptocurrency prices rebounded sharply in 2023, leading many to wonder if the crypto winter is over.

‘The Government has concluded that the public interest in a prompt resolution of this matter outweighs the interest in holding a separate trial,’ DoJ writes in legal filing

Federal prosecutors have told a New York judge that they will not proceed with a second trial of FTX founder Sam Bankman-Fried on charges not in the case presented to a jury that convicted him in November

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