Prosecutors are reportedly requesting FTX (FTT-USD) Co-founder and former CEO Sam Bankman-Fried receive a sentence of 40 to 50 years in their statements to a federal judge. Bankman-Fried, who also goes by "SBF", was found guilty in November 2023 on seven counts of fraud and conspiracy to defraud investors and customers of his crypto exchange. Yahoo Finance Live breaks the news. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.
Bitcoin (BTC-USD) surged past $37,000 early Thursday, its highest level in 18 months. The cryptocurrency's gains come amid speculation that the SEC may finally approve a spot bitcoin ETF. Yahoo Finance Senior Reporter Jared Blikre analyzes the factors behind bitcoin's rise, observing patterns in other cryptocurrencies as the digital asset market aims to stage a recovery from recent crashes. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Cryptocurrency exchange FTX could be in the process of being courted by three potential new suitors — Bullish, Figure Technologies, Proof Group —according to a Wall Street Journal report. Former FTX CEO and Co-Founder Sam Bankman Fried was found guilty on seven counts of defrauding investors and customers earlier this week. Yahoo Finance Senior Reporter Jared Blikre breaks down the details surrounding the companies looking to acquire FTX, providing an analysis of the current state of the exchange operators. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.