Canadian tech entrepreneur and Binance co-founder
A three-judge panel of the 2nd U.S. Circuit Court of Appeals has upheld Bankman-Fried's fraud conviction and 25-year sentence, ruling the government’s evidence was robust. Bankman-Fried’s lawyers may pursue further appeals; he is jailed in California and remains eligible for release in 2044.
The 2nd U.S. Circuit Court of Appeals has upheld Sam Bankman-Fried’s conviction on fraud and conspiracy charges, stating that prosecutors’ evidence was robust. The court rejected defense claims of trial unfairness, noting that Bankman-Fried’s actions showed him using FTX funds as a personal piggy bank while assuring customers funds were safe. He remains jailed with sentencing details and potential appeals still under discussion.
WhatsApp has begun reserving usernames to replace phone numbers for contact, a move the company frames as a privacy feature. Several countries are scrutinising the plan as regulators warn of potential rises in fraud and impersonation. The rollout is to be gradual this year, with high-profile handles reserved to prevent abuse.