Sam Bankman-Fried, the founder of the cryptocurrency exchange FTX, has been sentenced to federal prison. His sentencing comes after US prosecutors, led by Federal prosecutor Thane Rehn, charged him following the collapse of FTX. This process was expedited due to the cooperation of the exchange's chief software engineer. Bankman-Fried stated he never believed his actions at FTX were illegal, marking his final statements before his incarceration. The focus now shifts to the potential legal consequences for his former associates at FTX.
Federal prosecutor Thane Rehn described how cooperation from FTX’s chief software engineer helped speed up the investigation and prosecution of the cryptocurrency exchange’s founder Sam Bankman-Fried. Read: https://t.co/GDGTIH78FO Subscribe: https://t.co/10oSf6Kuxt https://t.co/s1oCceqg5N
Software engineer helped put Sam Bankman-Fried behind bars, say prosecutors https://t.co/A9NwntlU0f
Sam Bankman-Fried prosecutor says coder's cooperation sped up case https://t.co/Vk4DPrCyN6 https://t.co/xk1DNPx4aD
US prosecutors were able to charge FTX founder Sam Bankman-Fried shortly after the cryptocurrency exchange's collapse in part because they secured the cooperation of its chief software engineer, one of the prosecutors said https://t.co/YPxoiixf3O https://t.co/tXMznDUqYE
Sam Bankman Fried (SBF), the most infamous name in the industry right now, has made his last statements before heading to Federal prison https://t.co/TjewauMe5b
After Sam Bankman-Fried’s Sentencing, Spotlight Turns to Former #FTX Associates https://t.co/EgS9eASqWK
Sam Bankman-Fried says he never thought what he was doing at FTX was illegal https://t.co/469rRaTCac