Prosecutors Throw Everything They’ve got at SBF, Hint There’s More to Come

2 years ago
7

You’ve probably already heard: they threw the book at him.

In a flurry of blame-laying this week, the SEC, CFTC, and the US Attorney’s Office for the Southern District of New York have charged Sam Bankman-Fried with a bevy of crimes.

The former FTX CEO had been laying low in the Bahamas, the headquarters of his bankrupt exchange. It didn’t matter. Bahamian authorities arrested SBF on behalf of their peers in the US, citing an expected extradition request.

Most people cheered the news. But some didn’t — SBF’s arrest denied US lawmakers the opportunity to grill him at a congressional hearing on Tuesday. As such, the hearing was left with one witness: John Ray, the corporate turnaround expert to whom SBF had reluctantly handed control of FTX and affiliated companies.

As the man charged with cleaning up Bankman-Fried’s mess, Ray had a couple interesting things to share yesterday. Let’s dive in. Don’t forget to like this video and subscribe to The Defiant for all your DeFi news.

Sponsor:
https://www.bitrefill.com

✨ Check out our new website ✨
https://thedefiant.io/

🚀 Sign up to our newsletter 🚀
https://newsletter.thedefiant.io/

🤑 Find DeFi investment opportunities & educational primers here
https://newsletter.thedefiant.io/s/defi-alpha

✊ Follow The Defiant
Twitter https://twitter.com/defiantnews
Discord https://discord.gg/thedefiant
Instagram https://www.instagram.com/thedefiant.io/
Telegram News https://t.me/DefiantNews

📬 Contact our Newsroom
editorial@thedefiant.io

🤝 Sponsorships & Partnerships
sponsors@thedefiant.io

💚 Follow The Defiant team on Twitter
Camila Russo: https://twitter.com/CamiRusso
Alp Gasimov: https://twitter.com/alpgasimov
Edward Robinson: https://twitter.com/EddieRob235
yyctrader: https://twitter.com/yyctrader1
Isaac Ibiapina: https://twitter.com/_isaacibiapina
Owen Fernau: https://twitter.com/ofernau
Devin Sawyer: https://twitter.com/devinsawyer
Samuel Haig: https://twitter.com/samuel_haig
Aleks Gilbert: https://twitter.com/aleks_gilbert
Diego Cabral: https://twitter.com/DiegoCabral__
Nick Duddy: https://twitter.com/nickduddy

#TheDefiant​ #DeFi​ #Decentralized​ #Finance​ #Blockchain

Loading comments...