TLDR Crypto · MARKETS & BUSINESS

SAM BANKMAN-FRIED FOUND GUILTY ON ALL SEVEN CRIMINAL FRAUD COUNTS

cnbc.com5 min read

Summary from the TLDR Crypto newsletter

Cryptocurrency exchange FTX founder Sam Bankman-Fried has been found guilty on all seven criminal counts against him. The jury convicted him for various types of fraud against FTX customers, Alameda Research lenders, and FTX investors. The charges were related to the collapse of FTX and Alameda late last year. He could now face up to 115 years in prison.