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Thursday, September 17, 2026
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FTX

FTX CEO Sam Bankman-Fried sentenced to 25 years in prison

FTX CEO Sam Bankman-Fried sentenced to 25 years in prison

Yesterday, March 28, the Southern District Court of New York ruled that Sam Bankman-Fried, the former CEO of the FTX cryptocurrency exchange, was sentenced to 25 years in prison. The decision was announced by Judge Lewis A. Kaplan, according to Engadget. According to CNN, Benkman-Fried expressed regret for his actions and the impact they had […]

Crypto exchange Binance has changed its mind to save FTX

Crypto exchange Binance has changed its mind to save FTX

Binance reviewed the FTX documents and decided to cancel the deal. FTX won’t be saved by its biggest competitor — a day after announcing the takeover, Binance said it didn’t like what it found in the documents. Bloomberg writes that the management of FTX faced a “financial black hole” – a gap between liabilities and […]