Tag: crypto space

  • Sam Bankman-Fried’s fortune evaporated in less than a week.

    Sam Bankman-Fried’s fortune evaporated in less than a week.

    The head of US Securities and Exchange Commission (SEC), Gary Gensler, has said that while the crypto space is regulated, investors need “better protection”. Bankman-Fried diverted FTX’s customers’ money to Alameda Research to conceal a years-long fraud from the investors, according to the complaint. Bankman-Fried is under legal and regulatory scrutiny in the US and…