FTX Crypto Fraud: One Year Later

Zachary Pyers is joined by Zachary Durant, a professional liability attorney at Reminger Co., LPA, for an update on the fall of one of the world’s largest cryptocurrency exchanges - FTX. 

FTX collapsed in early November 2022 and shook the crypto market, which lost billions and fell below a $1 trillion valuation. In December 2022, the U.S. government brought civil and criminal charges against Sam Bankman-Fried and top executives for misappropriating over $8 billion in customer deposits. Bankman-Fried was convicted in November 2023 on criminal charges for which he was extradited from The Bahamas to the U.S., except for one charge dropped in July 2023. A second trial is scheduled for March 2024, covering charges filed post-extradition.

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