CryptoNews: Sam Bankman-Fried, the disgraced founder of failed exchange FTX, has been sent to jail following a bail hearing before the U.S. District Judge Lewis Kaplan in New York. 🤔
. His discussions with a New York Times reporter who wrote about Caroline Ellison, the former CEO of Alameda Research, who admitted to fraud in connection with the demise of cryptocurrency exchange FTX, gave rise to these accusations. Bankman-Fried was charged with violating the law by allegedly leaking information to the media.
Formerly located in the Bahamas, FTX was an established exchange that offered spot and futures trading for cryptocurrencies. However, the business filed for bankruptcy in November of the previous year, andBankman-Fried's trial is scheduled to commence in October 2023.Related Articles
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