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
-
Warren Rival for Senate Race John Deaton Argues for Coinbase in U.S. SEC Challenge
“The Howey test is a transaction-by-transaction analysis,” Deaton argued. “There are thousands of digital assets and... -
Warren Flags Crypto Ties to Child Sexual Abuse in Letter to U.S. DOJ, Homeland Security
Cryptocurrency has become “the payment of choice for perpetrators of child sexual abuse and exploitation,” the... -
Stablecoin Bill Could be Ready for the U.S. House Soon Says Top Democrat Maxine Waters: Bloomberg
Congressional movement, both in the Senate and the House, on stablecoin legislation picked up pace in...