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Former FTX Boss Sam Bankman-Fried Sentenced to 25 Years in Prison


On Thursday, March 28, 2024, the former head of FTX, Sam Bankman-Fried, received his sentence during a federal court proceeding in Manhattan. U.S. Marshals escorted Bankman-Fried into the courtroom at precisely 9:39 a.m. Eastern Time, as reported by Matthew Russell Lee of Inner City Press. Judge...

Munchables Retrieves All Funds from Exploiter, Refund in Progress


Former Munchables developer opts to return the exploited funds without ransom as the web3 gaming platform recovers $97 million user funds and prepares for compensatory refund. The post Munchables Retrieves All Funds from Exploiter, Refund in Progress appeared first on Cryptonews

How Many Years Will Sam Bankman-Fried Get In Prison, Really?


Set to be sentenced next week, disgraced FTX founder Sam Bankman-Fried is facing charges that carry a total maximum penalty of over 100 years in prison. Former U.S. Assistant Attorney and white-collar crime expert Kevin J. O'Brien weighs in on the FTX estate and Bankman-Fried's prison time. The...

SEC Orders First Trust and SkyBridge to Declare ETF Application as Abandoned


The SEC has instructed First Trust Advisors and SkyBridge Capital, the hedge fund led by former White House Communications Director Anthony Scaramucci, to mark their Bitcoin ETF application as abandoned. The post SEC Orders First Trust and SkyBridge to Declare ETF Application as Abandoned appeared...

Former Activision Boss Bobby Kotick Wants To Buy Tiktok: Report


TikTok is in an exceptionally tough spot these days. Despite everyone you know using it for hours on end, the video-sharing app is currently facing legislation that would force its ban in the U.S pending a potential sale, and prospective buyers are lining up. Regrettably, one of these buyers...

Investors Get Green Light to Pursue Class Action Against Binance


A group of investors who sought to sue cryptocurrency exchange Binance, its former CEO Changpeng Zhao, and other executives have been given a fresh chance to pursue their case.  The post Investors Get Green Light to Pursue Class Action Against Binance appeared first on Cryptonews

Former Xbox Exec Says The End Of Consoles Is 'A Serious Question'


Peter Moore knows a lot about making video game consoles. He was Sega of America’s chief operating officer and president from 1999-2003, the man behind the Xbox and Xbox 360 at Microsoft from 2003-2007, and an EA executive vice president from 2007-2017. (You might remember him for his (possibly...

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