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FTX-funded charity Effective Ventures to shut down in the UK

The FTX-linked charity Effective Ventures, which previously returned $26.8 million in donations to FTX, will reportedly shut down by 2025.

Sam Bankman-Fried sentenced to 25 years in prison

Bankman-Fried’s sentence comes after he was found guilty of wire fraud, conspiracy to commit fraud, and money laundering conspiracy.

Prosecutors have asked for a sentence of 40 to 50 years but attorneys working for Bankman-Fried have called such a timespan excessive.

FTX CEO John J. Ray III has detailed the misrepresentations made by Sam Bankman-Fried’s team in a letter that accuses him of “delusion.”

In a letter to a US district judge, ex-cop and alleged pedophile Carmine Simpson called SBF the “least physically intimidating person.”