FTX Fraud Ruling: Sam Bankman-Fried Learns Sentence Thursday After Multibillion-Dollar Scam
New York, NY – Sam Bankman-Fried, the mastermind behind a massive fraud that led to the downfall of the FTX cryptocurrency exchange, is set to receive his sentencing on Thursday after a federal jury convicted him of fraud and conspiracy charges in November. The 32-year-old has been in custody at the Metropolitan Detention Center in Brooklyn since then, following the revocation of his bail due to allegations of witness tampering. Federal prosecutors are pushing for …