Bankman-Fried found guilty of defrauding FTX customers of US$ billions

It took a New York jury under five hours, on 2 November [2023], to find former CEO of bankrupt cryptocurrency exchange FTX Sam Bankman-Fried guilty of all charges that he defrauded his customers of billions of dollars. SBF, as he's known, now faces decades in jail, though he will appeal the verdict.

It took a New York jury under five hours, on 2 November [2023], to find former CEO of bankrupt cryptocurrency exchange FTX Sam Bankman-Fried guilty of all charges that he defrauded his customers of billions of dollars. SBF, as he's known, now faces decades in jail, though he will appeal the verdict.