FILE PHOTO: Sam Bankman-Fried, the founder of bankrupt cryptocurrency exchange FTX, arrives at court as lawyers push to persuade the judge overseeing his fraud case not to jail him ahead of trial, at a courthouse in New York, U.S., August 11, 2023.
Eduardo Munoz/File PhotoBankman-Fried, a Massachusetts Institute of Technology graduate, quits his job as a quantitative trader at Jane Street Capital and launches Alameda Research, a trading firm focused on cryptocurrency.FTX raises $420 million in venture funding, valuing the company at $25 billion. Bankman-Fried debuts on the Forbes billionaires list, which estimates his net worth at $22.5 billion. The magazine's assessment of his wealth would rise to $26 billion by the end of the year.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FTX founder Sam Bankman-Fried is no 'super-villain, his lawyers sayNEW YORK : Sam Bankman-Fried is no "super-villain" and should not spend a "medieval" 40 to 50 years in prison as prosecutors propose, lawyers for the founder of bankrupt cryptocurrency exchange FTX said in advance of his sentencing next week.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Sam Bankman-Fried lied during trial, judge says at FTX founder's sentencingNEW YORK: Sam Bankman-Fried lied on the witness stand at his fraud trial last year when he said he did not know that his hedge fund had spent customer deposits taken from the FTX cryptocurr
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Crypto fraudster Bankman-Fried faces sentencingNEW YORK: Disgraced cryptocurrency wunderkind Sam Bankman-Fried is set to be sentenced on Thursday (Mar 28) following his conviction in one of the biggest financial fraud cases in history.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
FTX expects US to reduce bankruptcy claim to $3 billion to $5 billionNEW YORK : Crypto exchange FTX said it expects to negotiate U.S. government claims in its bankruptcy down to $3 billion to $5 billion, leaving no money for shareholders and contradicting a "reckless and false" claim by founder Sam Bankman-Fried that FTX's collapse caused no harm.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Popular Hock Kee Fried Kway Teow stall closed for good after owner dies at age 69Uncle Song’s famous stall started as a humble pushcart at Maude Road before moving to Berseh Food Centre a few years ago.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Hawker stall Fu Ji Fried Kway Teow shutters after owner dies on March 18The stall was known for its old-school style of fried kway teow.
Source: The Straits Times - 🏆 8. / 63 Read more »