FTX Trial Fuels Frustration and Anger For Traders Who Lost Money
VIDEO: The World's Smartest Robot Is Living in Vancouver
Bloomberg Originals
Crypto investors who had funds on the platform closely followed the trial of co-founder Sam Bankman-Fried.
Sam Bankman-Fried leaves court in New York on June 15.
Photographer: Yuki Iwamura/BloombergUpdated on
For crypto traders who had money on FTX when the platform collapsed last year, Sam Bankman-Fried’s trial was a morass of anger and disbelief.
A jury in Manhattan convicted Bankman-Fried, 31, of seven counts of fraud and conspiracy on Thursday, after less than five hours of deliberations. That swift verdict marked the end of a month-long trial, and the disgraced co-founder faces as much as 20 years in prison on each of the most serious charges.
Up Next
FTX Trial Fuels Frustration and Anger For Traders Who Lost Money
Author: Allison Rogers
Last Updated: 1700315161
Views: 1290
Rating: 4.8 / 5 (34 voted)
Reviews: 80% of readers found this page helpful
Name: Allison Rogers
Birthday: 1921-10-17
Address: 31938 Evan Extensions, Port Albertland, GA 69804
Phone: +4389576954723665
Job: Landscape Architect
Hobby: Scuba Diving, Calligraphy, Card Collecting, Wine Tasting, Skydiving, Camping, Fishing
Introduction: My name is Allison Rogers, I am a irreplaceable, lively, Determined, important, resolved, welcoming, receptive person who loves writing and wants to share my knowledge and understanding with you.