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Sam Bankman-Fried Is Now in Jail


It’s a bit of a truism in journalism that any headline that ends in a question that can be answered with “yes” or “no” will usually be answered with “no.” A few weeks ago, however, I asked “Is Sam Bankman-Fried Going to Jail?” and in a rejection of that truism, the answer was “yes.”

S Korean Prosecutors Want to Jail $651m ‘Crypto Scammers’ for 12-15 Years


South Korean prosecutors say they hope to jail executives thought to be behind a $651 million crypto scam to prison for up to 15 years. Per the media outlet Asia Kyungjae, the alleged scam saw 8,000 people left out of pocket. The scammers allegedly offered individuals “payouts” if they paid their...

FTX Boss Sam Bankman-Fried in Custody, Bail Revoked, Remanded to Jail


FTX co-founder Sam Bankman-Fried was taken into custody and his bail was rescinded on Friday, in anticipation of his trial scheduled for October. Matthew Russell Lee of the Inner City Press disclosed a synopsis of the August 11 hearing on the social media outlet X, where Bankman-Fried’s legal...

Sam Bankman-Fried Faces Jail as DOJ Pushes for Incarceration


FTX founder Sam Bankman-Fried's defense isn't denying that he shared former Alameda Research CEO Caroline Ellison's diary with the New York Times, and so he should be "detained pending trial," the U.S. Department of Justice said again in a filing late Thursday

Sam Bankman-Fried Seeks to Avoid Jail, Denies Witness Tampering in FTX Case


Founder of bankrupt crypto exchange FTX, Sam Bankman-Fried (SBF), has sought to avoid being jailed, denying prosecutors’ accusations of witness tampering that followed an interview he gave for the New York Times. The indicted crypto mogul also argued that revoking his bond would violate his right...

Is Sam Bankman-Fried Going to Jail?


Federal prosecutors said they were “seeking detention” for Sam Bankman-Fried, asking a judge to revoke his bond after he shared documents with the New York Times that they allege were meant to harass a fellow executive from the FTX empire and potentially influence her testimony

UK Court Slaps Telecoin Crypto Scam Masterminds With 6-Year Jail Terms


Two masterminds of the Telecoin cryptocurrency scam will each serve more than six years in jail after a court in the United Kingdom found them guilty of fraud. According to Lee Parish, the detective chief inspector, the duo used the allure of crypto investment to dupe prospective investors....

Prosecutors Want Sam Bankman-Fried Jailed Ahead of Trial


U.S. prosecutors have asked a federal judge to put crypto exchange FTX founder Sam Bankman-Fried in jail over alleged witness tampering before his trial starts in October. While requiring the prosecution to formalize the request and giving the defense enough time to make its case, the judge issued...

Terraform Labs Appoints New CEO While Co-Founder Remains in Jail 


Terraform Labs appointed a new chief executive officer following Do Kwon’s resignation on March 31, 2023. In a Wall Street Journal interview, the interim CEO, Chris Amani, discussed his team’s “vision” for rescuing the beleaguered blockchain project. Terraform Labs Finds...

Six Samurai: Anonymous Developers Seek to Revive Terra Classic Ecosystem


While the co-founder of Terraform Labs has been sentenced to four months in jail in Montenegro, a team of six anonymous developers have been attempting to revive the Terra Classic ecosystem after its collapse in May 2022. The six programmers, known as the “Six Samurai,” wholeheartedly...

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