BitcoinWarrior

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Where now for crypto after the Sam Bankman-Fried and FTX scandal?

By The Crypto Sermon with Temple Melville Now that Sam Bankman-Fried – known more colloquially as ‘SBF’ – has been shown comprehensively to be a fraud, the time has come to review where crypto stands, especially in light of the recent jump in Bitcoin prices. In court, the founder of cryptocurrency exchange FTX claimed that spending clients’ fiat deposits was just part of “risk management” for his intertwined crypto hedge fund Alameda Research. During SBF’s court testimony on October 31, prosecutor Danielle Sassoon of the Southern District of New York asked him if he believed that it was permis…