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Crypto exchange

Sam Bankman-Fried Trial

FTX founder Sam Bankman-Fried sentenced to 25 years in prison

by Associated Press
Mar 28, 2024
Crypto entrepreneur Sam Bankman-Fried was sentenced to 25 years in prison for a massive fraud that unraveled with the collapse of FTX, the massive crypto exchange.
Above, Sam Bankman-Fried in March 2023. On Thursday, Bankman-Fried was sentenced to 25 years in prison for fraud and conspiracy.
Drew Angerer/Getty Images
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Despite EU crypto sanctions, Russians are still using digital currencies

by Levi Bridges
Sep 25, 2023
Crypto sanctions have caused headaches for many anti-war Russians who fled abroad, but crypto use within Russia is still common.
The goal of the the European Union's crypto restrictions is to stop sanctioned Russians from finding loopholes to move money out of Russia.
Matt Cardy/Getty Images
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What's behind the SEC lawsuits against Coinbase and Binance?

by Sabri Ben-Achour
Jun 6, 2023
Are cryptocurrencies securities like stocks and bonds? There isn't consensus, but the answer would make a huge difference to the crypto industry.
The SEC is accusing crypto exchange Coinbase of trading cryptocurrencies that the agency says should be registered as securities.
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Sam Bankman-Fried Trial

Can crypto restore its credibility?

by Lily Jamali
Dec 13, 2022
Despite a raft of prosecutions and losses to investors in the billions, some say the industry has what it takes to find its feet.
Sam Bankman-Fried in 2021. The former FTX CEO was arrested in the Bahamas on behalf of the U.S., where federal prosecutors have indicted him for fraud and conspiracy.
Alex Wong/Getty Images
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FTX debacle worsens crypto's trust issues

by Matt Levin
Nov 21, 2022
The industry is trying to distance itself from the collapsed exchange. Can it?
Crypto skeptics and enthusiasts agree that the failure of crypto exchange FTX is an inflection point for the industry.
Michael M. Santiago/Getty Images
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Sam Bankman-Fried Trial

Amid downfall of crypto exchange FTX, an absence of regulation and rescuers

by Kai Ryssdal and Anais Amin
Nov 14, 2022
FTX operated outside the confines of traditional regulations, and its customers are unlikely to recover their funds, says Semafor's Liz Hoffmann.
"Customers of FTX and a lot of these crypto companies that have gone bankrupt are realizing that they are the creditors," says Liz Hoffman of Semafor.
Leon Neal/Getty Images
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Sam Bankman-Fried Trial

Crypto exchange Binance walks away from FTX deal

by Lily Jamali
Nov 9, 2022
Binance cited a due-diligence check, saying the issues at FTX were "beyond our control or ability to help."
When FTX hit a liquidity crunch, users pulled out money and crypto at once. And rival exchange Binance announced Wednesday that it wouldn't be bailing out FTX.
Olivier Douliery/AFP via Getty Images
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