Federal prosecutors in Manhattan have accused Bankman-Fried of stealing billions of dollars of customer's money to plug losses at his hedge fund, Alameda Research.
His arrest in The Bahamas, where he lived and where FTX is based, cemented the one-time billionaire's spectacular fall from grace.He noted that his parents - both Stanford Law School professors - would co-sign the bond and post the equity in their"My client remained where he was, he made no effort to flee," Cohen said.
He said Bankman-Fried had"achieved sufficient notoriety that it would be impossible" for him to hide without being recognised or engage in further financial schemes.Down to his 'last $100,000' On 11 November, the former"crypto king", as many in the media have labelled him, said he was down to his last $100,000.
Danmark Seneste Nyt, Danmark Overskrifter
Similar News:Du kan også læse nyheder, der ligner denne, som vi har indsamlet fra andre nyhedskilder.
FTX founder Sam Bankman-Fried to be released on $250,000,000 bailFormer cryptocurrency executive Sam Bankman-Fried made his first court appearance in the US.
Læs mere »
FTX founder Sam Bankman-Fried to be released on $250mn bond\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Læs mere »
Cryptocurrency tycoon Sam Bankman-Fried extradited to US from The BahamasIt had been thought the cryptocurrency tycoon, who founded the exchange FTX, would fight being sent to New York to face fraud charges. But he appeared in a Nassau court on Wednesday where he told a judge he waived his 'right to such formal extradition proceedings'.
Læs mere »
Sam Bankman-Fried tells Bahamian court he consents to US extradition\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Læs mere »
Former FTX boss Sam Bankman-Fried agrees to be extradited to US, says lawyerSam Bankman-Fried has agreed to be taken from the Bahamas to the US to face fraud charges.
Læs mere »
Cryptocurrency tycoon Sam Bankman-Fried consents to extradition to US from The BahamasIt had been thought the cryptocurrency tycoon, who founded the exchange FTX, would fight being sent to New York to face fraud charges. But he appeared in a Nassau court on Wednesday where he told a judge he waived his 'right to such formal extradition proceedings'.
Læs mere »