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Mar 29, 2024
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having us- — back here in the us, in new york, the founder of the bankrupt crypto currency exchange ftx, sam bankman—fried, was sentenced to 25 years in prison. a federaljudge at manhattan court house ruled that the 32—year—old knew he acted criminally but had shown no remorse. mr bankman—fried, who's expected to appeal the sentence, apologised for his actions but did not admit to criminal wrongdoing. he was found guilty of fraud and money laundering last year. before his firm's collapse in 2022, the former billionaire became a celebrity atop a crypto empire. prosecutors said he raided customer accounts for bribes, illegal political donations and risky investments. our business correspondent, michelle fleury, has more. thejudge had to decide a couple of things and took into account age, losses involved an impact on the victims and also the message of deterrent and he settled on 25 years for sam bankman—fried, sending him to prison for that time. it was less than lawyers who had been prosecuting the case had asked for who wanted ao—is years and by contrast lawyers for mr bank
having us- — back here in the us, in new york, the founder of the bankrupt crypto currency exchange ftx, sam bankman—fried, was sentenced to 25 years in prison. a federaljudge at manhattan court house ruled that the 32—year—old knew he acted criminally but had shown no remorse. mr bankman—fried, who's expected to appeal the sentence, apologised for his actions but did not admit to criminal wrongdoing. he was found guilty of fraud and money laundering last year. before his firm's...
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Mar 29, 2024
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>> yeah, ftx customers lost access to their funds when ftx collapsed. that's the crypto training platform. many of them are losing hope. we heard from one of them, saying he was living in ftx nightmare. >> michelle fleury for us there in new york. good to have you on the show. thank you. as american journalist evan gershkovich approaches his first full year in russian detention, the kremlin says it won't talk publicly about the possible talk of any prisoner exchange. he was arrested in russia on suspicion of espionage. moscow accuses the wall street journal reported of trying to obtain military secrets while reporting on the war in ukraine. evan gershkovich, the wall street journal and the u.s. deny accusations of wrongdoing. i spoke with his sister and paul beckett on their efforts to bring evan home. danielle, i will start with you. we talked in december. first of all, how are you and your family doing? >> we are holding on. we in this past year have been learning about being advocates for evan. we are continuing to move forward, continuing to trust t
>> yeah, ftx customers lost access to their funds when ftx collapsed. that's the crypto training platform. many of them are losing hope. we heard from one of them, saying he was living in ftx nightmare. >> michelle fleury for us there in new york. good to have you on the show. thank you. as american journalist evan gershkovich approaches his first full year in russian detention, the kremlin says it won't talk publicly about the possible talk of any prisoner exchange. he was arrested...
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he ran ftx. what was happening behind the scenes is that a sister company was arlington customer money without anybody's knowledge. $8 billion in total. when these risky bets did not pay off, effectively customers lost everything. maryam: tell me about the damage you think he has done to the crypto industry as a whole. >> it is significant. there are millions of people who invested in ftx who have had their fingers burnt and will not want to touch again. the media coverage around many of the cases in crypto, especially the volatility of cryptocurrencies, makes them more unappealing to investors. maryam: we have seen sam bankman-fried convicted. do you think there is more trust out there are not? >> i think we are seeing cryptocurrency bad actors being held to account. with bitcoin surging over the past year, greed starts to set in. maryam: so good to talk to you. thank you. if you are in the u.k., you can watch the full program, nine crypto craze moments, right now on bbc. but don't go and watch
he ran ftx. what was happening behind the scenes is that a sister company was arlington customer money without anybody's knowledge. $8 billion in total. when these risky bets did not pay off, effectively customers lost everything. maryam: tell me about the damage you think he has done to the crypto industry as a whole. >> it is significant. there are millions of people who invested in ftx who have had their fingers burnt and will not want to touch again. the media coverage around many of...
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Mar 28, 2024
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judge kaplan said the losses to ftx customers, investors and lenders totalled more than $11 billion. bankruptcy proceedings have been able to claw back much of the money, but the judge said that doesn't absolve bankman—fried. the prosecution was able to show multiple times where sam had the opportunity to do the right thing, to come clean, and he chose not to do so. during sentencing, thejudge hearkened back to testimony from the prosecution's star witness, caroline ellison, the former girlfriend of sam bankman—fried and head of his crypto hedge fund, alameda research. she painted the man known by his initials, sbf, as a risk taker hungry for influence. now facing decades behind bars, his risk—taking days are over. in new york, erin delmore, bbc news. scotland could become the first uk nation to legalise assisted dying if a bill introduced at holyrood is approved. under the proposals, a patient could only request medical assistance to end their life if they had an advanced, progressive, terminal illness, which had been diagnosed independently by two doctors. two doctors would a
judge kaplan said the losses to ftx customers, investors and lenders totalled more than $11 billion. bankruptcy proceedings have been able to claw back much of the money, but the judge said that doesn't absolve bankman—fried. the prosecution was able to show multiple times where sam had the opportunity to do the right thing, to come clean, and he chose not to do so. during sentencing, thejudge hearkened back to testimony from the prosecution's star witness, caroline ellison, the former...
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Mar 28, 2024
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king. 32—year—old sam bankman—fried became a billionaire through his cryptocurrency exchange platform ftx, but but the company collapsed spectacularly in 2022. now he will spend 25 years in prison for lying to investors and stealing customers funds. for more on this here's our north america business correspondent erin delmore. tell us more about it. the judge tell us more about it. the 'udge said today in i tell us more about it. the 'udge said today in a i tell us more about it. the 'udge said today in a court * tell us more about it. the judge said today in a court house - tell us more about it. the judge l said today in a court house behind me that he rejected entirely sam bankman—fried's claims that there were no actual losses when the cryptocurrency exchange ftx collapsed in november 2022. instead, thejudge pointed collapsed in november 2022. instead, the judge pointed to $8 collapsed in november 2022. instead, thejudge pointed to $8 billion in losses from customers, and more losses from customers, and more losses by creditors and investors totalling more than $11 billion. he said
king. 32—year—old sam bankman—fried became a billionaire through his cryptocurrency exchange platform ftx, but but the company collapsed spectacularly in 2022. now he will spend 25 years in prison for lying to investors and stealing customers funds. for more on this here's our north america business correspondent erin delmore. tell us more about it. the judge tell us more about it. the 'udge said today in i tell us more about it. the 'udge said today in a i tell us more about it. the...
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ftx allowed people to trade their normal money for digital currencies like bitcoin. but money stolen from ftx was used to fund an investment fund, alameda research, as well as to buy luxury property in the bahamas and donate to politicians who might support cryptocurrency—friendly laws. both companies went bust in 2022 and bankman—fried was arrested. there is a courthouse in manhattan. we will give you that sentencing when it happens. with me is our cyber correspondent, joe tidy, who was the last person to interview bankman—fried before he was arrested in december 2022. i want to let you see a clip when you asked sam bankman—fried whether he was incompetent or fraudulent, which has been one of the key elements of the criminal case. were you incompetent, or were you fraudulent? i didn't knowingly commit fraud. i don't think i committed fraud. i didn't want any of this to happen. i was certainly not nearly as competent as i thought i was. it was a really bad mistake, and it hurt a lot of people. and that's on me, one way or another. how did you find him? use fr
ftx allowed people to trade their normal money for digital currencies like bitcoin. but money stolen from ftx was used to fund an investment fund, alameda research, as well as to buy luxury property in the bahamas and donate to politicians who might support cryptocurrency—friendly laws. both companies went bust in 2022 and bankman—fried was arrested. there is a courthouse in manhattan. we will give you that sentencing when it happens. with me is our cyber correspondent, joe tidy, who was...
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Mar 28, 2024
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ftx allowed people to trade their normal money for digital currencies like bitcoin. but money stolen from ftx was used to fund an investment fund, alameda research, as well as to buy luxury property in the bahamas and donate to politicians who might support cryptocurrency—friendly laws. both companies went bust in 2022 and he was arrested. with me is our cyber correspondent, joe tidy, who was the last person to interview bankman—fried before he was arrested in december 2022. can you reflect first of all on what your impressions were of this man because when we see the image of him, he looks like an overgrown teenager, channelling teenager computer geek look. that teenager, channelling teenager computer geek look.— teenager, channelling teenager computer geek look. that is what you not. he computer geek look. that is what you got- he turned _ computer geek look. that is what you got- he turned un _ computer geek look. that is what you got. he turned up to _ computer geek look. that is what you got. he turned up to the _ computer geek look. that is what you got.
ftx allowed people to trade their normal money for digital currencies like bitcoin. but money stolen from ftx was used to fund an investment fund, alameda research, as well as to buy luxury property in the bahamas and donate to politicians who might support cryptocurrency—friendly laws. both companies went bust in 2022 and he was arrested. with me is our cyber correspondent, joe tidy, who was the last person to interview bankman—fried before he was arrested in december 2022. can you reflect...
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the 32—year old founder of the collapsed crypto exchange ftx could now face decades in prison.
the 32—year old founder of the collapsed crypto exchange ftx could now face decades in prison.
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Mar 28, 2024
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the 32—year—old founder of collapsed crypto exchange ftx could now face decades in prison. our cyber correspondentjoe tidy was the last person to interview bankman—fried before he was arrested in december 2022. he reports on the rise and downfall of the man behind one of the biggest financial crimes in us history. interesting thing that's been happening pretty recently is that the bitmex bitcoin perpetual futures ran up a lot in price. this was sam bankman—fried in his element — at his desk, talking crypto and making incredible profits. his hair and shabby look were all part of the appeal and brand. sbf, as he was known by legions of fans online, portrayed himself as a maths genius who wasn't interested in personal wealth. it was all about developing the cryptocurrency industry and giving to charities. this is big. but ftx, his cryptocurrency exchange that sold bitcoin and other virtual currencies for normal money, like pounds and dollars, grew to be the centrepiece of a sprawling business worth $32 billion. so, when it all came crashing down in december 2022, more th
the 32—year—old founder of collapsed crypto exchange ftx could now face decades in prison. our cyber correspondentjoe tidy was the last person to interview bankman—fried before he was arrested in december 2022. he reports on the rise and downfall of the man behind one of the biggest financial crimes in us history. interesting thing that's been happening pretty recently is that the bitmex bitcoin perpetual futures ran up a lot in price. this was sam bankman—fried in his element — at...
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bankman—fried to be sentenced in the next few hours for stealing billions of dollars from customers of his ftx exchange. he faces decades behind bars. also coming up, spoiling the party. how soaring rents in tourist hotspots like ibiza are making locals homeless and starving businesses of vital staff. plus, sleep tight, mind the bed bugs don't bite. uk hotels have seen levels of the pest almost triple in the past two years. could ai tech bring a whole new meaning to the phrase software debugging? hello and welcome. if you just joined us, i'm sally bundock.
bankman—fried to be sentenced in the next few hours for stealing billions of dollars from customers of his ftx exchange. he faces decades behind bars. also coming up, spoiling the party. how soaring rents in tourist hotspots like ibiza are making locals homeless and starving businesses of vital staff. plus, sleep tight, mind the bed bugs don't bite. uk hotels have seen levels of the pest almost triple in the past two years. could ai tech bring a whole new meaning to the phrase software...