A timeline of the downfall of Sam Bankman-Fried and the colossal failure of FTX

[ad_1] Sam Bankman-Fried went from cryptocurrency golden boy to the face of the industry’s collapse. The founder and former CEO of the massive cryptocurrency exchange FTX was sentenced to 25 years in prison Thursday after being convicted of fraud for stealing at least $10 billion from customers and investors. The collapse of one of the … Read more

Bitcoin bounces to an all-time high after FTX scandal plagued crypto

[ad_1] NEW YORK — NEW YORK (AP) — Bitcoin has hit an all-time high less than two years after the collapse of the crypto exchange FTX severely damaged faith in digital currencies and sent prices plunging. The world’s largest cryptocurrency briefly surpassed $68,800 Tuesday, according to CoinMarketCap. That’s just above bitcoin’s previous record set back … Read more