At a glance
The New York Times, the Journal, Bloomberg, and the FT treated the collapse as a story about effective-altruism branding, political donations, and the absence of ordinary brokerage controls -- a culture story attached to a missing-segregation story.
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FTX collapse · paras 1
CoinDesk's 2 November 2022 balance-sheet story is the English-language hinge, the way the Journal's 2015 Theranos piece is a hinge: a trade-press document that the general finance press then amplified.
FTX collapse · paras 2
The New York Times, the Journal, Bloomberg, and the FT treated the collapse as a story about effective-altruism branding, political donations, and the absence of ordinary brokerage controls -- a culture story attached to a missing-segregation story.
FTX collapse · paras 3
Trial coverage in 2023 returned to Manhattan white-collar form: cooperating CEOs, Signal messages, and a defendant who testified. English-language explainers still confuse the bankruptcy recovery with an acquittal; the verdict form does not. Withdrawals failed in the first week of November 2022 after a CoinDesk report on Alameda's balance sheet and a public spat over the FTT token.
FTX collapse · What was Sam Bankman-Fried convicted of?
On 2 November 2023 a Southern District of New York jury convicted him on seven counts, including wire fraud and conspiracy to commit wire fraud on customers and lenders, and related conspiracy counts (securities, commodities, and money-laundering conspiracies as charged). Judge Lewis A. Kaplan imposed 25 years on 28 March 2024, plus forfeiture set out in the judgment. He appealed.
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Trial coverage in 2023 returned to Manhattan white-collar form: cooperating CEOs, Signal messages, and a defendant who testified. English-language explainers still confuse the bankruptcy recovery with an acquittal; the verdict form does not. Withdrawals failed in the first week of November 2022 after a CoinDesk report on Alameda's balance sheet and a public spat over the FTT token.
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Where is the longer entry?
On 2 November 2023 a Southern District of New York jury convicted him on seven counts, including wire fraud and conspiracy to commit wire fraud on customers and lenders, and related conspiracy counts (securities, commodities, and money-laundering conspiracies as charged). Judge Lewis A. Kaplan imposed 25 years on 28 March 2024, plus forfeiture set out in the judgment. He appealed.
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