FTX files for Chapter 11 on Dec. Under the terms of his its parent company, Digital Currency an affiliated trading firm, Alameda the Winklevoss-founded crypto exchange Gemini the public and the media.
Sam Bankman-Fried could face up to years in prison on the charges he has been convicted of so far, if the judge presiding over his case observes maximum sentencing guidelines. Theo Andrew 18 Jan Psarofagis also questioned the overlaps and distinctions between US and European regulation. Bankman-Fried will continue to stay in Brooklyn prison as he awaits sentencing on the seven guilty convictions from his first criminal trial in October and prepares for his second criminal trial scheduled for March , assuming he doesn't change his not guilty pleas on the remaining charges.
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