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Sam Bankman-Fried, the founder of the FTX cryptocurrency exchange, was found guilty of the seven charges levied against him in the explosive fraud case. According to reports, Bankman-Fried could face over 100 years in prison if federal sentencing guidelines are followed and there is still another trial to come next year.
For five weeks, Sam Bankman-Fried, 31, stood trial at the Daniel Patrick Moynihan U.S. Courthouse in Manhattan, N.Y. and this past Thursday (November 2), the co-founder of FTX and Alameda Research heard the guilty verdict on fraud, conspiracy, and money laundering charges.
As reported
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