Category: Sam Bankman-Fried
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Memeconomy
“The Peak Of Crypto Degeneracy,” discusses the surge in interest and value of Solana and meme coins. Solana, founded in 2020, is a California-based for-profit company that uses a proof of stake consensus mechanism and supports smart contracts. Its main selling point is faster and more efficient transactions than its main competitor, Ethereum. The creation…
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Fraud’s R Us
Scammers and “investments” using customer money for personal expenses and risky trades. Another case was Safe Moon, a crypto project that locked investor funds into a liquidity pool and netted its creators over $200 million for personal expenses while pretending to guarantee safe returns. The business world was also Rocked by deception, with Charlie Javis,…
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SBF
Sam Bankman-Fried and FTX’s escapades and trial results.
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SBF News Shocks the Justice System
https://apnews.com/article/bankmanfried-ftx-crypto-charges-ellison-60aa798f4aacb0ddd6a422b72e5a7614 FTX founder Sam Bankman-Fried will no longer face a campaign finance charge at an October criminal trial, federal prosecutors say, citing a decision by Bahamian authorities to reject a count in the indictment that was not listed on the warrant against him when he was extradited to the United States in December.