cryptocurrency
Two associates of Sam Bankman-Fried pleaded guilty to charges including wire fraud, securities fraud and commodities fraud in return for leniency at sentencing.
The former president said in 2021 that he "was never a big fan" of the blockchain-based tech. What a difference a year makes.
The "Late Night" host thinks there's a major hole in the theory.
The U.S. Securities and Exchange Commission has charged the former CEO of failed cryptocurrency firm FTX with orchestrating a scheme to defraud investors.
WHAT'S HAPPENING
Bahamian authorities plan to extradite him to the U.S. as soon as a formal request is made.
A watchdog says the disgraced cryptocurrency CEO's secretive methods were illegal.
"I substantially underestimated what the scale of the market crash could look like," the former cryptocurrency wunderkind said.
FTX, once the third-largest crypto exchange, is the latest in a series of cascading disasters that have shaken the crypto sector.
Most popular cryptocurrency dropped below key threshold for the first time since 2020, triggering fresh fears.
Bitcoin and other cryptocurrencies were collapsing in price Monday, after the major crypto lender Celsius halted all withdrawals citing “extreme market conditions.".