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Sam Bankman-Fried: Disgraced ‘crypto king’ jailed for 25 years after stealing billions of dollars from FTX customers | Business News
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Disgraced crypto entrepreneur Sam Bankman-Fried has been sentenced to 25 years in prison after being convicted of stealing billions of dollars from his customers. He was the chief executive of FTX, which suddenly went bankrupt in November 2022 – leaving millions of users frozen out of their accounts and unable to make withdrawals. The 32-year-old…
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TikTok CEO says ban would ‘take billions of dollars out of the pockets of creators’ | US News
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The CEO of TikTok has said that a US ban on the platform “would take billions of dollars out of the pockets of creators and small businesses”. Shou Zi Chew, who a source said is visiting Washington DC this week, added the company will exercise its legal rights to prevent a ban after a bill…
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Sam Bankman-Fried guilty of defrauding FTX crypto customers out of billions of dollars | US News
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Sam Bankman-Fried has been found guilty of defrauding customers of his cryptocurrency exchange out of billions of dollars. The 31-year-old could be sentenced to more than 100 years in prison after stealing money from clients of FTX. A Manhattan jury convicted him on all seven counts after a month-long trial. FTX collapsed last November, shocking…
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Elon Musk and Tesla going on trial over claims his tweets cost investors billions of dollars | Science & Tech News
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Elon Musk and Tesla are set to go on trial over allegations that shareholders were defrauded out of billions of dollars by his tweets. The company’s chief executive wrote in 2018 that he had “secured” funding to take the electric carmaker private and later that investor backing was “confirmed”, causing shares to soar and then…