Re:Sam Bankman-Fried sentenced to 25 years in prison
by resolutebat on Friday March 29, 2024 @04:14AM
(#39861705)
FTX.US was very much a thing, and despite SBF's promises to regulators and others that it was completely separate, it imploded along with the rest.
US ones are. Shady ass casinos in the Bahamas like what SBF was running aren't though. Exchanges like Coinbase have been operating in the US under heavy US regulations for over a decade, and have never had anything close to a solvency issue. It's absolutely ridiculous that SBF was getting invited to basically write US policy despite FTX not even being a US based exchange.