“[Bankman-Fried’s] personal assets are gone,” the memo said. “Insufficient funds remain even for payment of a fine … Legal proceedings will follow him for the rest of his life. The ability to obtain employment, bank, borrow, travel, and adopt, among other things, may be implicated. More painful for Sam is that the companies he built and loved – and which had so much lawful success and even more potential – are gone. And Sam is utterly heartbroken that he may have caused collateral damage to the philanthropic community that he so loved.”
Related posts
-
WhiteBIT Exchange Celebrates 6 Years of Innovation and Partnerships in the Crypto Industry
WhiteBIT crypto exchange is celebrating six years of rapid growth, solidifying its position among the leaders... -
Bitfinex Hack Launderer Heather ‘Razzlekhan’ Morgan Sentenced to 18 Months in Prison
WASHINGTON, D.C. — Heather “Razzlekhan” Morgan, who helped launder the proceeds of the 2016 Bitfinex hack... -
Lido Co-Founders Said to Plot Competitor to Sam Altman's World Network
The new digital identity platform, Y, forgoes World Network’s controversial biometric authentication for a system based...