FTX Customers Poised to Recover All Funds Lost in Collapse NYT: Technology By: David Yaffe-Bellany 8 May 2024 at 14:25 Bankruptcy lawyers for FTX said customers of the cryptocurrency exchange were set to get all their money back, plus interest. Β© Marco Bello/ReutersThe announcement was a landmark in the attempt to recover the $8 billion in customer assets that disappeared when FTX imploded.
Binance Founder Sentenced to 4 Months in Prison NYT: Technology By: David Yaffe-Bellany 30 April 2024 at 17:56 Changpeng Zhao, the founder and former chief executive of the Binance cryptocurrency exchange, had pleaded guilty to a money-laundering violation. Β© Grant Hindsley for The New York TimesChangpeng Zhao, the founder of the Binance cryptocurrency exchange, walking into the federal courthouse in Seattle on Tuesday to face sentencing.
Even as He Faces Prison Time, Binanceβs Founder Plans a Comeback NYT: Technology By: David Yaffe-Bellany and Cade Metz 30 April 2024 at 15:39 Since pleading guilty to violating money-laundering rules, Changpeng Zhao, who ran the giant crypto exchange Binance, has networked across the United States to set up his next act. Β© Lincoln Agnew
Sam Bankman-Fried Sentenced to 25 Years in Prison for FTX Fraud NYT: Technology By: David Yaffe-Bellany and J. Edward Moreno 28 March 2024 at 17:25 Mr. Bankman-Fried, who was convicted of stealing $8 billion from customers of his FTX cryptocurrency exchange, faced a maximum sentence of 110 years. Β© Hiroko Masuike/The New York TimesJust 18 months ago, Sam Bankman-Fried was a titan of the corporate world and was one of the youngest billionaires on the planet.
Sam Bankman-Friedβs Sentence: How It Compares With Bernie Madoffβs and Others NYT: Technology By: David Yaffe-Bellany 28 March 2024 at 11:53 Hereβs how the former crypto mogulβs 25-year sentence stacks up against the prosecutions of Michael Milken, Bernie Madoff and others. Β© Brittainy Newman for The New York TimesBefore the sentencing, prosecutors sparred with Sam Bankman-Friedβs defense lawyers over the appropriate punishment.