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Dec 6, 2022

Sam Bankman-Fried could be fined and put behind bars for FTX’s $32 billion debacle

Posted by in categories: habitats, law enforcement

Federal Law Enforcement agencies are currently building a case to level charges of fraud against him.

Sam Bankman-Fried, the former CEO of the now defunct FTX crypto exchange, could be in even hotter water if recent news is accurate. According to various sources, including CNBC, Federal Law Enforcement agencies are currently building a case to level charges of fraud against him.

FTX was valued at an eye-watering $32 billion until a few weeks ago. However, what might be the most high-profile downfall of a large company since Enron, FTX, and its associated companies fell like a house of cards as the truth behind how they were run was exposed.

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