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NEW YORK (AFP) – Sam Bankman-Fried, the one-time cryptocurrency golden boy accused by US prosecutors of stealing billions of dollars of FTX customers’ money, was found guilty on Thursday on all counts, and now faces up to 110 years behind bars. Following five weeks of trial in New York, the jury reached its decision in […]
The prosecutor said that ‘while the cryptocurrency industry might be new … this kind of corruption is as old as time’
NEW YORK (AP) — FTX founder Sam Bankman-Fried's spectacular rise and fall in the cryptocurrency industry – a journey that included his testimony before Congress, a Super Bowl advertisement and dreams of a future run for president...
FTX founder Sam Bankman-Fried's spectacular rise and fall in the cryptocurrency industry -- a journey that included his testimony before Congress, a Super Bowl advertisement and dreams of a future run for president -- hit a new bottom Thursday when a New York jury convicted him of fraud in a scheme that cheated customers and investors of at least $10 billion.
The trial of the FTX founder has ended after a month, with a guilty verdict. What did we learn?