The scale of his crimes is measured not just by the amount of money that was stolen, but by the extraordinary harm caused to victims, who in some cases had their life savings wiped out overnight. As a result of his unprecedented fraud, Bankman-Fried faces 25 years in prison, forfeiture of over a billion dollars and restitution to his victims.
Related posts
-
El Salvador Is Getting Its First Tokenized U.S. Treasuries Offering
The new product aims to give access to T-Bill investments for individuals and organizations who were... -
After Binance’s Costly Lesson, Do Rival Crypto Exchanges Risk Running Afoul of U.S. Rules?
Bybit, Bitget and OKX, three of the largest cryptocurrency exchanges, all prohibit traders from the U.S.,... -
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...