hello and a warm welcome to our viewers in the u.s. and around the world. i m max foster with our continuing breaking news coverage of the war between israel and hamas. israel has signed off on a deal to release at least 50 hostages held in gaza by hamas. a move bringing hope to families waiting the return of their loved ones. the government overwhelmingly backed the deal after a six hour long cabinet meeting. the hostages to be freed are expected to be women and children. in exchange israel will pause its campaign against hamas for four days. hamas says 150 palestinian prisoners also women and children will be released from israeli jails as part of the deal. qatar brokered the deal and says the start of the humanitarian pause will be announced within the next 24 hours. more now from matthew chance in tel aviv. reporter: more than 50 hostages held in gaza could be freed over the coming days. after the israeli cabinets an proved that controversial deal to pause its military
missed doings about a year ago, including stealing as much as $10 million from his own customers. more now from new york. sam bankman fried was a towering figure in crypto. a self made entrepreneur who promised that his ftx crypto exchange was the safe and easy way to get into crypto currencies. his businesses brought him great wealth. at one point he was worth $26 billion, and propelled him into an a list social network of celebrities, some of whom he paid to endorse ftx.- celebrities, some of whom he paid to endorse ftx. with ftx i have everything paid to endorse ftx. with ftx i have everything i paid to endorse ftx. with ftx i have everything i need - paid to endorse ftx. with ftx i have everything i need to - paid to endorse ftx. with ftx i have everything i need to buy, | have everything i need to buy, sell and trade crypto safely. my sell and trade crypto safely. my goal has been to find a way of having my goal has been to find a way of having a positive impact on
one of the biggest financial frauds in american history that s how a new york prosecutor described the actions of sam bankman fried, the former cryptocurrency boss, who, in the last few hours, has been convicted of defrauding investors. as you ve been hearing, mr bankman fried was arrested a year ago, when his cryptocurrency exchange, ftx, and his investment fund, alameda research, went bankrupt. prosecutors said he had used money stolen from ftx customers to prop up alameda and to fund his lavish lifestyle. after a month long trial, a jury agreed. late on thursday, they found him guilty of all seven counts of fraud and conspiracy. as the bbc s erin delmore explains, the collapse of ftx and the crimes of bankman fried are posing all kinds of uncomfortable questions for the crypto industry. after more than four weeks in court, thenjust four and after more than four weeks in court, then just four and a half hours of deliberations, a jury half hours of deliberations, a jury
thenjust 4.5 hour top deliberations, a jury convicted sam bankman fried of fraud and conspiracy charges, likely dealing him are lifetime prison sentence. a warning was given at all would be fraudsters that could be hurt as the particular warning for other fraudsters operating in the crypto sector. it fraudsters operating in the crypto sector. , ., fraudsters operating in the crypto sector. , . . fraudsters operating in the crypto sector. , ., ., ., sector. it is also a message, a warnin: sector. it is also a message, a warning this sector. it is also a message, a warning this case, sector. it is also a message, a warning this case, to - sector. it is also a message, a warning this case, to every - sector. it is also a message, a i warning this case, to every single fraudster out there who thinks that they are untouchable, or that their crimes are too complex for us to catch. or that they are too powerful for us to prosecute. or that they could try to talk their way out of
who promised customers worldwide that his ftx crypto exchange was the safe and easy way to get into cryptocurrencies. his businesses brought him great wealth. at one point he was worth $26 billion and propelled him into an a list social network of celebrities, some of whom he paid to endorse. with ftc s, have everything i need to buy, sell and trade crypto safely. my goal has been to find ways to have positive impact on the world. my goal has been to find ways to have positive impact on the world. he charmed washington politicians by calling for greater regulation in the crypto industry and made donations to their campaigns. he also adopted the mantle of a responsible leader in an industry rife with misconduct. but it turns out the fortune, the business, the image were built on a lie. the great success story was, in fact, a great fraud. bankman fried now faces decades in prison. during four weeks of testimony, prosecutors told jurors that the 31 year old bankman fried appare