Bankman-Fried, who is set to go on trial this fall, faces over a dozen different charges ranging from wire, securities and commodities fraud allegations to bribery claims. The charges were brought across multiple superseding indictments tied to his conduct as former Chief Executive Officer of the Bahamas-based crypto exchange FTX, which collapsed dramatically last November, filing for bankruptcy alongside nearly 100 related firms and subsidiaries.
The End of Tether? Why A Structural Shift In The Market Spells Trouble For USDT
Tether (USDT) is the largest stablecoin in the market, with a market capitalization of over $86 billion as of May...