Fall of Sam Bankman-Fried Fails to Dent Crypto Bull Run | Vantage with Palki Sharma
Update: 2024-04-23
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Fall of Sam Bankman-Fried Fails to Dent Crypto Bull Run | Vantage with Palki Sharma
Sam Bankman-Fried, once a luminary in the cryptocurrency world and co-founder of the now-defunct FTX exchange, has been handed a 25-year prison sentence for a massive fraud that led to the platform's bankruptcy.
This verdict marks a significant fall from grace for the former billionaire, who was celebrated as a crypto visionary before FTX's spectacular implosion in 2022.
Bankman-Fried was found guilty of embezzling billions from customers and investors.
But his fall had no impact on the bull run in the crypto market.
Indian investors are rushing to invest billions in this space.
Palki Sharma tells you more.
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