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Cryptocurrency backers on Nov 3 celebrated the fraud conviction of the industry’s one-time golden boy Sam Bankman-Fried, hoping the embattled sector can finally turn the page on a multibillion dollar scandal.
Bankman-Fried faces more than 100 years in prison at sentencing scheduled for March 28, 2024. He is expected to appeal.
Cryptocurrency backers on Friday celebrated the fraud conviction of the industry's one-time golden boy Sam Bankman-Fried, hoping the embattled sector can finally turn the page on a multibillion dollar scandal.On Thursday, a New York jury found Bankman-Fried, known as "SBF," guilty of all seven counts against him, including fraud, conspiracy and money laundering.