Sam Bankman-Fried guilty on all seven counts of multi-billion FTX fraud

Mark Battersby
clock • 2 min read

Sam Bankman-Fried, who founded the FTX cryptocurrency exchange, was convicted on 2 November of all seven charges of fraud by a Manhattan jury after a US trial that lasted a month.  His sentencing is set for 28 March 28, with a maximum possible term of 110 years.  "Sam Bankman-Fried perpetrated one of the biggest financial frauds in American history - a multibillion-dollar scheme designed to make him the king of crypto," US attorney Damian Williams said in a statement after the verdict. "This case has always been about lying, cheating and stealing, and we have no patience for it," h...

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