Understanding Sam Bankman-Fried Conviction and Its Impact on Tax Implications. On November 2, 2023, Sam Bankman-Fried (SBF) faced a conviction on all counts in his criminal trial in the Southern District of New York. The charges included wire fraud, securities…
Closing Arguments Commence Wednesday as Sam Bankman-Fried’s Defense Concludes
Cryptocurrency enthusiasts and investors are closely watching recent developments in the United Kingdom, where the government, as reported by CNBC Television, is poised to introduce formal legislation for the regulation of cryptocurrencies. This monumental decision is set to impact the…
Sam Bankman-Fried Provides Testimony Denying Fraud Allegations
In the fast-paced world of cryptocurrencies, every twist and turn can have a profound impact on the market. In recent days, the crypto community has been buzzing with anticipation as Bitcoin made an impressive surge, driven by renewed optimism for…
Sam Bankman-Fried Trial: Major Takeaways and Highlights of the Day 3
Many things happened during day 3 of the Sam Bankman-Fried trial, but one of them was the major highlight of the day. So, it was Adam Yedidia, Sam Bankman-Fried’s MIT buddy and former FTX developer, testifying about his days working…
Department of Justice Indicates Possible Forfeiture of Sam Bankman-Fried’s Two Multimillion-Dollar Jets
In a recent development surrounding the criminal trial of Sam Bankman-Fried, two luxury jets have come under scrutiny and could potentially be seized as part of asset forfeiture. The Department of Justice (DOJ) has identified these aircraft, a Bombardier Global…
FTX Customers Who Lost Fortunes on Bankrupt Exchange Double Down on Crypto
In the wake of FTX’s catastrophic cryptocurrency collapse, an unexpected narrative is emerging – one of unwavering faith in the industry’s future. Despite the loss of billions, investors and insiders are revealing their determination to persist with their crypto investments.…
Michael Lewis “Going Infinite” Explores the Rise and Fall of FTX Founder Sam Bankman-Fried
In the ever-evolving and dynamic realm of cryptocurrency, there exists a trailblazer who has left an indelible mark on the industry: Sam Bankman-Fried. This article serves as an in-depth exploration of Sam Bankman-Fried’s extraordinary journey as the founder of FTX,…
Tornado Cash Receives $3.3M in Ether Following Poloniex Hack Theft
In a shocking incident that sent shockwaves through the cryptocurrency community, a skilled hacker managed to steal a staggering $125 million from Poloniex’s hot wallets in November. The audacious heist, which exploited vulnerabilities in the popular exchange’s security systems, showcased…
Bitcoin’s Long-Term Investors Now Possess More Than 76% of All BTC for the First Time. Details below
In the ever-fluctuating world of cryptocurrencies, Bitcoin, affectionately known as BTC, is currently undergoing a transformation that is sending shockwaves through the market. Regardless of whether you are an experienced BTC price speculator or a newcomer to the crypto arena,…
