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Talks about Sam Bankman-Fried (SBF), the former CEO of the defunct crypto exchange FTX, have picked up steam ahead of his sentencing on March 28.
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Sam Bankman-Fried’s (SBF) lawyers have heavily criticized the Department of Justice’s sentencing memorandum in a March 19 letter to Judge Lewis Kaplan.
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A recent court filing revealed plans that the former CEO of the defunct crypto exchange FTX, Sam Bankman-Fried (SBF), had drafted to ensure he avoids jail term. SBF, whose sentencing comes up on March 28, faces the possibility of spending up to 100 years locked behind bars.
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The prosecutors in the fraud case against the former CEO of the now-defunct FTX exchange, Sam Bankman-Fried (SBF), have now suggested a jail sentence to the court. This development comes as the sentencing of the former crypto billionaire is slated for later this month.
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A group of FTX investors have instituted a proposed class action against US law firm Sullivan & Cromwell for their role in the bankrupt crypto exchange’s fraud against its customers.
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In a high-profile case that has garnered considerable attention, Sam Bankman-Fried, the disgraced CEO of the now-bankrupt FTX crypto exchange, is seeking a lighter sentence, citing his autism spectrum disorder.
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Former workers of FTX and Alameda Research have secured $17 million to establish Backpack, a cryptocurrency exchange. They are among the businesses attempting to bridge the void created by the demise of their previous employer, Sam Bankman-Fried’s cryptocurrency conglomerate.
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The lawyers of the former CEO of the defunct crypto exchange FTX, Sam Bankman-Fried (SBF), have proposed to the court how many years their client should spend in prison. As part of the argument, the legal experts explained why SBF should not get the statutory maximum sentence of over 100 years.
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Defense lawyers argue that Sam Bankman-Fried should be given a maximum prison sentence of between 63 to 78 months.
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Sam Bankman-Fried, the founder of the now-defunct FTX exchange, is pushing for a lighter prison term, aiming for 78 months or less, according to a Feb. 27 court filing.
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Crypto wallets associated with the now-defunct FTX exchange and its counterpart, Alameda Research, have moved over $8 million in digital assets in the past 24 hours amidst a surge in the broader crypto market.
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The founder of the defunct crypto exchange FTX, Sam Bankman-Fried (SBF), made an appearance in court on February 21. The court hearing took place in order to address a potential conflict of interest that could arise following SBF’s decision to change his lawyers ahead of his March 28 sentencing.
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