Following FTX's demise last month, which resulted in the destruction of billions of dollars' worth of user assets, the cryptocurrency ecosystem has suffered greatly from a lack of trust. FTX was “one of the biggest financial frauds” in history, SDNY says.
Federal prosecutors termed FTX's unexpected collapse "one of the biggest financial frauds in American history," on Tuesday, accusing founder and former CEO Sam Bankman-Fried (SBF) of defrauding investors while enriching himself.
The ...
