Sam Bankman-Fried, a former crypto tycoon, was found guilty on all seven charges of fraud, embezzlement, and criminal conspiracy by a New York jury on Thursday, November 3. After a five-week trial, the panel made its conclusion, and Bankman-Fried could potentially spend up to 110 years in prison. A later time will be designated for sentencing. Bankman-Fried had endured a month-long federal trial after some of his closest friends testified that he was involved in every move that resulted in the disappearance of $8 billion from his FTX trading platform. Before his business crashed catastrophically late last year, Bankman-Fried, 31, was the face of the cryptocurrency sector and was reportedly worth $26 billion, according to Fortune magazine. Samuel Bankman-Fried, Founder of FTX, Arrested in Bahamas at US Government's Request.

Samuel Bankman-Fried Found Guilty

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