Sam Bankman-Fried, one of the leading figures in the crypto world, is facing fraud charges and risks a prison sentence of 30 to 40 years. According to CNBC's report, the rise and fall of Bankman-Fried is examined in detail.
Just two years ago, Sam Bankman-Fried was known as a young billionaire living in a luxury penthouse in the Bahamas and running one of the world's most valuable crypto companies. But today he remains an inmate in a Brooklyn detention center, accused of masterminding one of the largest financial frauds in American history.
Bankman-Fried's trial will take place in Manhattan on Thursday and her sentence will be announced. Prosecutors are seeking a prison sentence of 40 to 50 years for the former crypto CEO.
Bankman-Fried was found guilty in November and was quickly handed down by jurors. However, Bankman-Fried plans to appeal his conviction and sentence.
CNBC's report examines in detail the rise and fall of Bankman-Fried's career. For Bankman-Fried, who was once a giant in the industry and has a top net worth of $26 billion, the story describes not only his fall from grace but also a rapid collapse.
The news also tells the story of Bankman-Fried, which started with Bitcoin arbitrage. In 2017, while working as a quant trader at the Jane Street firm, Bankman-Fried noticed differences in Bitcoin prices and began arbitrage trading. This trade eventually led him to found a firm called Alameda Research, which was followed by the founding of FTX.com.
However, in 2022, difficulties in the crypto market and a series of missteps disrupted Bankman-Fried's business. FTX filed for bankruptcy and Bankman-Fried was forced to resign as CEO.
Bankman-Fried's decline shows how someone once seen as one of the brightest names in the crypto industry can quickly fall apart.
PLEASE READ CAREFULLY FOR A GIFT OF 10 DOLLARS.
My friends, you know that we, the publishers, are doing everything we can for you here. We are informing you about the services and facilities offered to us by our authorities. I have never stopped supporting both the Cryptocurrency market and you as much as I could, and on the contrary, I am trying to provide more support.
THIS 10 DOLLAR GIFT CAMPAIGN IS A CAMPAIGN MADE SPECIALLY FOR ME BY BINACE. YOU CAN GET CONFIRMATION ABOUT THIS BY CONTACTING LIVE HELP. THIS IS A 10 DOLLAR CAMPAIGN MADE TO YOU THROUGH ME.
Now I will tell you how to receive your gift. First of all, Binance users who have registered with someone's reference and actively use futures transactions will unfortunately not be able to benefit from this promotion.
So who will benefit?
Our friends who have not activated the futures section yet, while activating your FUTURES trading section, you will earn 10 dollars when you open it by entering my reference code 88623008.
I EXPLAIN IN DETAIL.
My brothers and sisters who have become a Binance member without reference, please listen carefully;
When you do what I say, you will receive 10 USDT.
Enter the Futures Section from your application,
On the next screen, open your account by entering the code 88623008 in the REFERENCE CODE section,
My brothers and sisters who want to complete this transaction and receive the 10 USDT reward by MAY 1 can do so. After activating your account, all you have to do is open your first futures transaction.
The first 1,000 brothers to open a 200 USDT transaction by MAY 1 will receive a 10 USDT reward.
So let me give you a tactic like this: Even if you open and close 20x with a $5 transaction, you will be entitled to the reward.
However, even if you do this after May 1, your reward will not come. So get it done by May 1st. In fact, right now I say you can fix it in 5 seconds.
Very simple. Go to Futures, enter my reference code 88623008 and activate the account. Afterwards, just open a total of 200 USDT transactions and get 10 USDT reward.
WHEN WILL THE AWARD COME?
Your 10 dollar reward will arrive in the REWARDS section of your Binance application within 30 days, starting from May 1st. By activating it from there, you can use your reward of 10 dollars, or more than 300 liras, in futures transactions.
You can help your friends in need by sharing this post.
BY THE WAY, MY BROTHERS, PLEASE DON'T MISS YOUR LIKES. EVERY SHARE IS FOR YOU. SO DON'T WITHHOLD YOUR SUPPORT. IF YOU HAVE NOT FOLLOWED YET, DON'T FORGET TO FOLLOW. KIND REGARDS.
