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Published 20 days ago

Sam Bankman-Fried’s Fraud Case: Everything You Need To Know

Summary by Coingape

The saga around the fall of cryptocurrency exchange FTX and the trial of its CEO Sam Bankman-Fried is still a shock to many as a result of the large amount of losses recorded. FTX collapsed in November 2022 leading to widespread losses which plunged the cryptocurrency exchange to lows not recorded in a month. The FTX impact on the market was increased due to the earlier collapse of Terra’s algorithm stablecoin. The fall of the exchange revealed…

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Sam Bankman-Fried’s Fraud Case: Everything You Need To Know

The saga around the fall of cryptocurrency exchange FTX and the trial of its CEO Sam Bankman-Fried is still a shock to many as a result of the large amount of losses recorded. FTX collapsed in November 2022 leading to widespread losses which plunged the cryptocurrency exchange to lows not recorded in a month. The FTX impact on the market was increased due to the earlier collapse of Terra’s algorithm stablecoin. The fall of the exchange revealed…

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