Sam Bankman-Fried will start 2023 as he ended 2022 — in court.
The fallen former king of crypto is at the heart of one of the biggest scandals that the young blockchain -powered financial services industry has ever seen.
The regulators filed a series of criminal and civil charges against Bankman-Fried, whom they accuse of alleged fraud, on Dec. 13.
Justice Department prosecutors filed eight criminal counts against the former trader. Four of the charges, including conspiracy to commit wire fraud on customers and lenders and wire fraud, indicate that the alleged acts began as early as 2019. This is the year FTX was founded.
"Bankman-Fried ກໍາລັງຈັດຕັ້ງການສໍ້ໂກງຂະຫນາດໃຫຍ່, ເປັນເວລາຫລາຍປີ, ການຫັນປ່ຽນເງິນທຶນຂອງລູກຄ້າຂອງເວທີການຄ້າຫຼາຍຕື້ໂດລາເພື່ອຜົນປະໂຫຍດສ່ວນຕົວຂອງລາວແລະເພື່ອຊ່ວຍຂະຫຍາຍອານາຈັກ crypto ຂອງລາວ," SEC ກ່າວຫາຢູ່ໃນຄໍາຮ້ອງທຸກທາງແພ່ງຂອງຕົນ.
ອານາຈັກ crypto ຂອງ Bankman-Fried ໄດ້ imploded ພາຍໃນສອງສາມມື້ໃນວັນທີ 11 ພະຈິກຫຼັງຈາກຢູ່ໃນສູນກາງຂອງອຸດສາຫະກໍາ crypto. ຈັກກະພັດນີ້ຖືກສ້າງຂຶ້ນຈາກການແລກປ່ຽນສະກຸນເງິນ FTX ແລະບໍລິສັດເອື້ອຍຂອງຕົນ Alameda Research, a ກອງທຶນ hedge ທີ່ເປັນເວທີການຄ້າສໍາລັບນັກລົງທຶນສະຖາບັນ.
ຜູ້ຄວບຄຸມກໍາລັງພະຍາຍາມສົມທົບກັບສິ່ງທີ່ເກີດຂຶ້ນ, ແລະໂດຍສະເພາະແມ່ນວິທີການ FTX, ເຊິ່ງມີມູນຄ່າ $ 32 ຕື້ໃນເດືອນກຸມພາ, ສາມາດ implode ໃນຄືນ.
Tom Williams/CQ-Roll Call, Inc ຜ່ານ Getty
Some Expect a Not Guilty Plea A hearing is scheduled for Jan. 3 in federal court in Manhattan where Bankman-Fried is expected plead not guilty to the eight offenses, according to several media including the Wall Street Journal and Bloomberg News.
If there’s no last-minute flip-flop, this line of defense wouldn’t be a real surprise, and doesn’t mean Bankman-Fried couldn’t later change position. A not guilty plea should lead to the start of the discovery process, which would allow Bankman-Fried and his lawyers to have access to certain evidence that the government has collected against him.
Some of this evidence includes the testimony of two former lieutenants of Bankman-Fried, who agreed to cooperate in exchange for the leniency from the regulators.
Zixiao (Gary) Wang, 29, FTX co-founder and former Chief Technology Officer, and Caroline Ellison, 28, the former CEO of Alameda Research, pled guilty, on Dec. 19, to multiple federal fraud charges and agreed to cooperate with prosecutors.
“I knew that it was wrong,” Ellison said about her actions, according to a transcript of her plea hearing released on Dec. 23. This is what she told a federal judge in Manhattan on Monday in entering her guilty plea, according to a transcript of the hearing that was unsealed.
“I knew what I was doing was wrong,” Wang also said, according to the transcript of his guilty plea.
ໃນຖານະເປັນການແລກປ່ຽນ crypto, FTX ປະຕິບັດຄໍາສັ່ງສໍາລັບລູກຄ້າ, ເອົາເງິນສົດຂອງເຂົາເຈົ້າແລະການຊື້ cryptocurrencies ໃນນາມຂອງເຂົາເຈົ້າ. FTX ເຮັດຫນ້າທີ່ເປັນຜູ້ຮັກສາ, ຖື crypto ຂອງລູກຄ້າ.
Bankman-Fried Has a $250 Million Bail Package FTX ຫຼັງຈາກນັ້ນໄດ້ນໍາໃຊ້ຊັບສິນ crypto ຂອງລູກຄ້າຂອງຕົນ, ໂດຍຜ່ານແຂນການຄ້າ Alameda Research ຂອງບໍລິສັດເອື້ອຍຂອງຕົນ, ເພື່ອສ້າງເງິນສົດໂດຍຜ່ານການກູ້ຢືມຫຼືການຕະຫຼາດ. ເງິນສົດ FTX ທີ່ຢືມໄດ້ຖືກນໍາໃຊ້ເພື່ອປະກັນສະຖາບັນ crypto ອື່ນໆໃນລະດູຮ້ອນ 2022.
ໃນເວລາດຽວກັນ, FTX ກໍາລັງໃຊ້ cryptocurrency ທີ່ມັນອອກ, FTT, ເປັນຫຼັກຊັບຄໍ້າປະກັນຂອງຕົນ sheet balance . ນີ້ແມ່ນການເປີດເຜີຍທີ່ສໍາຄັນ, ເນື່ອງຈາກຄວາມສ່ຽງຄວາມເຂັ້ມແຂງແລະ volatility ຂອງ FTT.
ການລົ້ມລະລາຍຂອງ FTX ມາຈາກ a liquidity ການຂາດແຄນໃນເວລາທີ່ລູກຄ້າພະຍາຍາມຖອນເງິນຈາກເວທີ. ການຂາດແຄນປະກົດວ່າເປັນຜົນມາຈາກ Bankman-Fried ທີ່ຖືກກ່າວຫາວ່າໂອນເງິນຂອງລູກຄ້າ 10 ຕື້ໂດລາຈາກ FTX ໄປຫາ Alameda Research.
“I made a lot of mistakes,” Bankman-Fried said during his first interview with the New York Times/DealBook on Nov. 30. “There are things I would give anything to be able to do over again. I didn’t ever try to commit fraud on anyone.”
Bankman-Fried was extradited to the United States on Dec. 21 by the authorities of the Bahamas, where he lived and where FTX is headquartered. He was released after his parents, both law professors at Stanford University, signed a $250 million recognizance bond pledging their California home as collateral. Two other friends with significant assets also signed, according to news reports.
Source: https://www.thestreet.com/investing/cryptocurrency/ftx-collapse-bankman-fried-may-plead-not-guilty?puc=yahoo&cm_ven=YAHOO&yptr=yahoo