Sam Bankman-Fried has been arrested. That hasn’t happened to financial hall-of-shamers that are more mainstream. The decentralised nature of crypto makes isolating people easier, says AntonyMCurrie
into the ground in 2011, a congressional report found. And executives from Lehman Brothers to Bear Stearns to mortgage lender Countrywide Financial were all tainted by the actions that laid their banks low in the financial crisis.
Part of the issue is that ineptitude and hubris by themselves aren’t against the law. Large, complex institutions, though, can also make it harder to trace precisely who did and said anything illegal, even in a relatively forensic investigation like the one Valukas undertook. Sometimes, as with the financial crisis, the system is to blame too. Whether prosecutors pick the right targets, or are successful in court, is another matter. But recent history shows that running a systemically risky financial institution increases your chances of avoiding the slammer.Sam Bankman-Fried, the former chief executive of now-bankrupt crypto firm FTX, was arrested in the Bahamas on Dec. 12.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Breakingviews - Sam Bankman-Fried lacks cover of systemic riskSam Bankman-Fried couldn’t be blamed for mulling over past financial scandals with a degree of envy. The former boss of bankrupt crypto exchange-cum-hedge-fund FTX was arrested on Monday in the Bahamas at the request of U.S. prosecutors. That hasn’t happened to many mainstream financial hall-of-shame executives in recent years. Questions of guilt aside, the decentralised nature of the product SBF was promoting may have played a role.
Weiterlesen »
Senators slam Sam Bankman-Fried for refusing to testify before banking panel on FTX collapseSenators Sherrod Brown and Pat Toomey said ex-FTX CEO Sam Bankman-Fried declined to testify at a committee hearing in 'an unprecedented abdication of accountability.'
Weiterlesen »
What to know about Sam Bankman-Fried and the FTX collapseA major cryptocurrency exchange’s dramatic fall — culminating with a bankruptcy filing and arrest of the former CEO — has prompted “existential questions” about the industry’s reliability. Washington Post reporters explain what led to the collapse of FTX.
Weiterlesen »
BREAKING: Sam Bankman-Fried Arrested in The Bahamas | CoinMarketCap🚨 BREAKING: SBF is now being held in custody, and The Bahamas are anticipating that the U.S. will submit an extradition request.
Weiterlesen »
FTX founder Sam Bankman-Fried arrested in BahamasOfficials arrested crypto exchange founder Sam Bankman-Fried in the Bahamas after the United States filed criminal charges against him and requested extradition.
Weiterlesen »