Sam Bankman-Fried, a former crypto prodigy and co-founder of FTX, has been found guilty of a massive financial fraud scheme, potentially facing up to 110 years in prison. His conviction marks a significant event in the cryptocurrency industry.
Prosecutors and defense lawyers clash in the closing arguments of Sam Bankman-Fried’s cryptocurrency trial. The prosecution alleges deception, lies, and greed, while the defense portrays Bankman-Fried as a victim of circumstances and argues good faith.
The jury will soon deliberate on the case.
The Community Chest is seeking to return a S$360,000 donation it received in 2022 from the now-bankrupt cryptocurrency exchange FTX’s philanthropic arm, FTX Foundation.
In August 2022, the Sentosa Golden Jubilee Charity Golf event saw FTX Foundation’s significant contribution qualifying as the esteemed “diamond sponsor.”