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SOL prices took a drastic hit in November 2022 after a CryptoX report first drew light to possible cracks in Bankman-Fried’s empire, but sentiment has recovered since the once-crypto titan was jailed and pronounced guilty on seven charges. Meanwhile, wallets linked to the bankrupt crypto exchange FTX, controlled by the
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The end of the trial provides some clarity for FTX customers as to how the company’s bankruptcy might affect their taxes. But how the IRS might act in the context of illegal activity is unclear. Original Source
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Singaporean venture capital firm Foresight Ventures has bought a majority stake in The Block, with the crypto media outlet being valued at $70 million. Source
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Altcoins linked to Sam Bankman-Fried see a significant surge, as the FTX token soared over 200% in a week. Despite the recent conviction of Sam Bankman-Fried on multiple counts of fraud and conspiracy, the altcoins closely associated with the FTX founder saw a major upswing during this week’s market rally. The
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Bonk took center stage in the Solana ecosystem in January as sentiment around the blockchain network took a hit in the aftermath of the Sam Bankman-Fried and FTX exchange debacle. Source
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Bankman-Fried’s fate illustrates that the crypto world, like any other, is not immune to dishonesty and deception. Furthermore, it emphasises the importance of transparency, ethical conduct and accountability in this nascent landscape and the consequences of unethical practices and the negative impact they can have on the entire ecosystem. Source
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Sam Bankman-Fried's Wildest, Craziest, Dumbest Trades Source
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The story of "United States v. Sam Bankman-Fried" isn't quite over yet. Now that he's been found guilty on seven different charges, a few different things are going to happen. Source
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The conviction of Sam Bankman-Fried, the founder of FTX, who was charged with seven counts of fraud and conspiracy, has now capitvated the interest of Hollywood. The verdict came after a trial that lasted just over a month in federal court in New York City. Bankman-Fried had cheated investors and
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Of course, as former CoinDesker Michael McSweeney wrote in a recent Blockworks op-ed, the industry will likely be irrevocably changed by SBF. In the same way that the collapse of Mt. Gox accelerated the formation of regulations around the world (in particular in Japan, where Mt. Gox was based, and
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