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FTX Trial Fuels Frustration and Anger For Traders Who Lost Money

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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/Bloomberg

Updated 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.

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FTX Trial Fuels Frustration and Anger For Traders Who Lost Money

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