The outcome of SBF’s prosecution could determine how the IRS treats your FTX losses
Will your losses to FTX be classified as capital losses or as a “theft loss” that involved a Ponzi scheme? Either way, you’ll probably win.
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Will your losses to FTX be classified as capital losses or as a “theft loss” that involved a Ponzi scheme? Either way, you’ll probably win.
Bahamas media reports that Sam Bankman-Fried lodged a new bid for bail just two days after a judge denied his previous application and called the FTX founder a flight risk.
Sam Bankman-Fried faces eight accusations and could get 115 years in jail, but a final sentence could take months or even years.
Binance founder Changpeng Zhao (CZ) has reportedly told staff to expect some difficult months as the leading cryptocurrency exchange is seeing customer withdrawals. The warning comes while the crypto industry…
Bahamian Commissioner of Correctional Services Doan Cleare reportedly said that most of the facilities had been renovated since 2021 and now had no “issues with rodents."
On Tuesday, the former CEO of FTX, Sam Bankman-Fried (SBF), appeared in court with his newly appointed lawyer Mark Cohen, and his legal team asked the Bahamian judge Joyann Ferguson-Pratt…
In Latin America, "crypto is functional, it has a real utility." It can hedge inflation, provide access to dollars and internationalize wealth.
While Congressman Brad Sherman saw SBF as the poster child of the crypto ecosystem, congressman Tom Emmer highlighted the crypto community's contribution to uncovering the supposed FTX fraud.
Bahamian regulators said that they were the first to take action against SBF, and recent actions of the current CEO hindered their investigation.
A White House spokesperson dodged point-blank questioning on whether President Joe Biden is planning to return the political donations from SBF.