Reunion of Disgraced FTX Founder and Mango Markets Exploiter in Prison (Summary)

by Giorgi Kostiuk

2 years ago

Disgraced FTX founder Sam Bankman-Fried and perpetuator of the 2022 Mango Markets exploit Avraham Eisenberg have been reunited in the Metropolitan Detention Center (MDC) in Brooklyn. Bankman-Fried returned to MDC after a series of transfers, while Eisenberg has been at the facility since November. Both individuals face legal troubles, with Eisenberg convicted of defrauding Mango Markets and awaiting sentencing, and Bankman-Fried appealing a 25-year sentence. The conditions of the Brooklyn facility have been criticized for their poor amenities, presenting challenges for inmates. The convergence of these two figures in the same correctional center adds a new chapter to their legal journeys.

Rewards

More rewards

Discover enhanced rewards on our social media.

Other news

Exchange Inflows and Liquidity Dynamics Impact XRP Market

A recent CryptoQuant report highlights the impact of exchange inflows and liquidity dynamics on XRP's market behavior, indicating that spikes in inflows may precede volatility expansion.

Rajesh Kumar4 minutes ago

Amazon Plans $200 Billion Investment in AI for 2026

Amazon plans to invest approximately $200 billion in AI and infrastructure in 2026 to meet rising demand for its services.

Miguel Rodriguez2 hours ago

Amazon Becomes World's Largest Company by Revenue

Amazon has officially surpassed Walmart in sales for the year ending January 31, 2025, with a total of $717 billion compared to Walmart's $713.2 billion.

Luis Flores2 hours ago

Walmart Narrows E-commerce Gap with Amazon

Walmart has significantly closed the gap with Amazon in the e-commerce sector, leading to a nearly 30% growth in WMT stock over the past year.

Arif Mukhtar2 hours ago

Latent Profits in Bitcoin Market Dwindle Amidst Correction

Analysis by Darkfost reveals that Bitcoin's Net Unrealized Profit/Loss (NUPL) metric indicates a significant decline in latent profits, suggesting a bear phase.