FTX founder Sam Bankman-Fried trial is big test for crypto

Mark Battersby
clock • 2 min read

The highly anticipated trial of Sam Bankman-Fried, the founder of FTX, kicks off today (3 October) in the Manhattan federal court.   It is expected to last six weeks. Sam Bankman-Fried, commonly known as SBF, stands accused of defrauding numerous prominent investors worldwide, in addition to millions of customers who placed their trust in his FTX cryptocurrency exchange.  Allegations of pilfering billions of dollars entrusted to his care have further compounded the gravity of the situation. The aftermath of FTX's staggering $40bn bankruptcy in November 2022 has been characterise...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?