Cryptocurrency Q&A What did FTX do illegally?

What did FTX do illegally?

Martina Martina Thu Oct 31 2024 | 5 answers 1217
The user wants to know about the illegal activities that FTX has been involved in. They are seeking information on the specific violations or unlawful behaviors committed by FTX. What did FTX do illegally?

5 answers

DongdaemunTrendsetter DongdaemunTrendsetter Sat Nov 02 2024
A jury convicted him of fraud and conspiracy, ruling that he had misused funds entrusted to him.

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Stefano Stefano Sat Nov 02 2024
Bankman-Fried, aged 32, faced legal consequences for his actions last November.

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CryptoLordess CryptoLordess Fri Nov 01 2024
Specifically, the jury found that Bankman-Fried had illegally tapped into money from FTX depositors.

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NebulaSoul NebulaSoul Fri Nov 01 2024
These funds were used to finance his personal expenditures, which were excessively lavish.

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EnchantedPulse EnchantedPulse Fri Nov 01 2024
Among his expenses were the purchase of luxury properties in the Caribbean, alleged bribes offered to Chinese officials, and the acquisition of private planes.

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