Sam Bankman-Fried’s Day of Reckoning Arrives

Sam Bankman-Fried, the disgraced founder and former CEO of the cryptocurrency exchange FTX, was arrested and taken into custody in the Bahamas Monday on multiple criminal counts, including wire fraud, conspiracy, and money laundering, the New York Times reported. His indictment was officially unsealed Tuesday, revealing another notable charge: campaign finance violations. Prosecutors in the Southern District of New York claim Bankman-Fried, aka “SBF,” who was known as a top Democratic donor, conspired to violate donation limits and deceive the Federal Election Commission. Tuesday was a day of reckoning for SBF, whose multibillion-dollar crypto empire crumbled in a matter of… Read Full Article