You may have heard of Sam Bankman, the co-founder of the crypto firm FTX, once the world’s second-largest cryptocurrency exchange. A while ago, Sam Bankman faced allegations of a 10 billion rupees fraud, which a New York jury has now confirmed. Sam Bankman, who had a significant presence in the crypto market for many years, was arrested only last year. Sam Bankman had invested billions of rupees from investors and lenders into his private company, which had received investments from FTX. When FTX went bankrupt, Sam’s private company Alameda had to pay 8 billion dollars to the crypto company.

Source: News 24 November 03, 2023 07:06 UTC