Sam Bankman-Fried has been arrested. That hasn’t happened to financial hall-of-shamers that are more mainstream. The decentralised nature of crypto makes isolating people easier, says AntonyMCurrie
into the ground in 2011, a congressional report found. And executives from Lehman Brothers to Bear Stearns to mortgage lender Countrywide Financial were all tainted by the actions that laid their banks low in the financial crisis.
Part of the issue is that ineptitude and hubris by themselves aren’t against the law. Large, complex institutions, though, can also make it harder to trace precisely who did and said anything illegal, even in a relatively forensic investigation like the one Valukas undertook. Sometimes, as with the financial crisis, the system is to blame too. Whether prosecutors pick the right targets, or are successful in court, is another matter. But recent history shows that running a systemically risky financial institution increases your chances of avoiding the slammer.Sam Bankman-Fried, the former chief executive of now-bankrupt crypto firm FTX, was arrested in the Bahamas on Dec. 12.
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FTX ex-CEO Sam Bankman-Fried says he wants to start a new businessSam Bankman-Fried, the disgraced founder of the failed crypto-exchange FTX, says he wants to start a new business to help his investors make back the money they lost in the crash.
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Parents of FTX's Sam Bankman-Fried not teaching at Stanford next quarter: reportStanford Law professor and father of fallen cryptocurrency exchange founder Sam Bankman-Fried will not be teaching at the prestigious Palo Alto university next quarter, the Stanford Daily first reported.
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Today At 11AM ET: Forbes’ Streaming Interview With FTX Founder Sam Bankman-FriedAt 11am EST Forbes will be livestreaming an interview between FTX founder Sam Bankman-Fried and Forbes Digital Assets Director of Research Steve Ehrlich. The livestream will occur less than 24 hours before Bankman-Fried is set to testify before Congress.
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Sam Bankman-Fried says he will testify before the US House Financial Services Committee remotelyThe former FTX CEO committed to remotely testifying before the United States House of Representatives Financial Services Committee on December 13.
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Today At 11AM ET: Forbes’ Streaming Interview With FTX Founder Sam Bankman-FriedAt 11am EST Forbes will be livestreaming an interview between FTX founder Sam Bankman-Fried and Forbes Digital Assets Director of Research Steve Ehrlich. The livestream will occur less than 24 hours before Bankman-Fried is set to testify before Congress.
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