FTX founder Sam Bankman-Fried found guilty of fraud charges

📆 11/3/2023 12:01 AM
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A jury has convicted FTX founder Sam Bankman-Fried of defrauding cryptocurrency customers, according to The Associated Press.

NEW YORK, NEW YORK - AUGUST 11: Former FTX CEO Sam Bankman-Fried arrives for a bail hearing at Manhattan Federal Court on August 11, 2023 in New York City. Federal prosecutors are asking U.S. District Court Judge Lewis Kaplan to revoke Bankman-Fried's bail and to be jailed until his October criminal trial.

Bankman-Fried was convicted on Thursday by a jury in New York of fraud in a scheme that cheated customers as well as investors of at least $10 billion, according to

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Sam Bankman-Fried's trial on FTX fraud charges heads to closing argumentsSam Bankman-Fried's fraud trial is in the homestretch, with U.S. prosecutors and defense lawyers expected on Wednesday to present closing arguments to jurors over whether the FTX cryptocurrency exchange founder stole billions of dollars from customers.
Source: Reuters - 🏆 2. / 97 Read more »