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Sam Bankman-Fried: jury finds FTX founder guilty of fraud

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Former cryptocurrency star and FTX founder faces multiple charges after weeks-long trial saw his inner circle turn against him

Hello, and welcome to our live coverage of the verdict in the trial of Sam Bankman-Fried, the founder of collapsed cryptocurrency exchange FTX. Bankman-Fried has been found guilty on all counts after a multiweek trial.

He was charged with seven counts of wire fraud and conspiracy to launder money for his role in the multibillion-dollar collapse of FTX over a matter of days in 2022. Once hailed as a cryptocurrency trading virtuoso, the story of his rapid downfall has become the industry’s greatest cautionary tale. We’ll be covering developments and reactions here.

 

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FTX Founder Sam Bankman-Fried Steps Down from Stand in Fraud TrialSam Bankman-Fried has concluded his testimony in his criminal fraud trial, delivering potentially damaging blows to his defense. Closing arguments are set to begin tomorrow.
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