U.S. prosecutors were able to charge FTX founder Sam Bankman-Fried shortly after the cryptocurrency exchange's collapse in part because they secured the...
NEW YORK - U.S. 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 on Tuesday.
Bankman-Fried is expected to appeal his conviction, after testifying that he made mistakes in managing risk but never intended to steal funds. He had been arrested in December 2022, just one month after FTX's collapse and bankruptcy. Prosecutors are expected to recommend that the trial judge, U.S. District Judge Lewis Kaplan, take Wang's, Singh's and Ellison's cooperating into account when sentencing them.Wang testified that he hopes to avoid prison. His lawyer, Ilan Graff, declined to comment.New Video Shows Unarmed, Kidnapped Girl Being Gunned Down by Police
Preston Lord, 16, died in the hospital two days after the Oct. 28, 2023, attack in Queen Creek, Ariz., according to police.
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