{"id":580359,"date":"2023-01-05T11:15:58","date_gmt":"2023-01-05T11:15:58","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=580359"},"modified":"2023-01-05T11:23:20","modified_gmt":"2023-01-05T11:23:20","slug":"ftx-lawyer-prosecutor-sam-bankman-fried","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/ftx-lawyer-prosecutor-sam-bankman-fried\/","title":{"rendered":"Ex-FTX Lawyer Helped Prosecutors Build 8 Count Case Against Sam Bankman-Fried: Reuters"},"content":{"rendered":"\n
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U.S. prosecutors investigating FTX\u2019s collapse and Sam Bankman-Fried received inside knowledge of how customer funds were deployed to Alameda Research, Reuters reported on Thursday. <\/p>\n\n\n\n
The once mammoth crypto exchange crashed in late 2022 after reports exposed financial malpractice across Bankman-Fried\u2019s $32 billion crypto empire. SBF resigned in November shortly after the company filed for Chapter 11 bankruptcy protection. <\/p>\n\n\n\n
In December, U.S. Attorney Damian Williams from the Southern District of New York (SDNY) indicted SBF on eight counts including fraud. Bankman-Fried was arrested in the Bahamas before law enforcement extradited the disgraced crypto tycoon to Manhattan, New York. SBF was released on a $250 million bail bond ahead of criminal trials in October 2023.\u00a0<\/p>\n\n\n\n