Sam Bankman-Fried Barred From Contacting FTX Employees Using Signal

Sam Bankman-Fried Barred From Contacting FTX Employees Using Signal

A US judge on Wednesday temporarily barred FTX founder Sam Bankman-Fried from contacting current or former employees of the cryptocurrency exchange or his Alameda Research hedge fund, and from using encrypted messaging tools including Signal. The ruling by US District Judge Lewis Kaplan came after federal prosecutors in Manhattan said Bankman-Fried might tamper with witnesses or destroy … Read more

My Big Coin Founder Gets 8-Year Jail Term for Crypto Fraud

My Big Coin Founder Gets 8-Year Jail Term for Crypto Fraud

The founder of a defunct cryptocurrency business was sentenced on Tuesday to more than eight years in prison for defrauding investors and customers out of millions of dollars by marketing a virtual currency called My Big Coin with lies and half-truths. Federal prosecutors had urged US District Judge Denise Casper in Boston to impose a … Read more