FTX Token CAD (FTT-CAD)
- Yahoo Finance Video
Sam Bankman-Fried files to appeal conviction and sentence
Sam Bankman-Fried, the co-founder of the FTX crypto exchange, has filed to appeal his 25-year prison sentence. Bankman-Fried was found guilty and sentenced on seven counts of fraud on March 28. Market Domination co-hosts Julie Hyman and Josh Lipton comment on the news. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
Bankman-Fried sentencing established 'poster child' for crypto fraud
A federal judge has sentenced former FTX CEO Sam Bankman-Fried to 25 years for defrauding the crypto exchange's (FTT-USD) investors and customer base. Bankman-Fried has been ordered to forfeit $11 billion to compensate the victims. CoinDesk Managing Editor Nik De sits down with Yahoo Finance Live in-studio to discuss Bankman-Fried's sentencing, how much time the disgraced FTX co-founder will likely be made to serve in prison, and other details from Thursday's ruling. "From the beginning, it felt like prosecutors were making this... almost a poster child of what they can bring to bear against alleged criminal activity in crypto, at least as far as running exchanges go," De comments. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. Editor's note: This article was written by Luke Carberry Mogan.
- Yahoo Finance Video
Bitcoin holding above $70K amid Q1 end, Bankman-Fried sentencing
Bitcoin (BTC-USD) is holding above $70,000 on Thursday, the final trading day of the first quarter of the 2024 fiscal year. Year-to-date, the cryptocurrency has seen over 60% in gains. Yahoo Finance Anchors Akiko Fujita and Josh Lipton break down the trajectory of bitcoin's price this year, putting the broader digital asset space in perspective alongside today's sentencing of former FTX CEO Sam Bankman-Fried. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. Editor's note: This article was written by Nicholas Jacobino
