header banner

Bloomberg: Are you a machine?

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/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.

Up Next

FTX Trial Fuels Frustration and Anger For Traders Who Lost Money


Article information

Author: Allison Rogers

Last Updated: 1700315161

Views: 824

Rating: 4.8 / 5 (34 voted)

Reviews: 80% of readers found this page helpful

Author information

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.