Sam Bankman-Fried found guilty by jury in landmark crypto trial

Former FTX CEO Sam Bankman-Fried was found guilty by a panel of 12 jurors on Thursday.

Bankman-Fried was charged with all seven counts of fraud alleged by federal prosecutors. 

The jury found the former executive guilty after a month-long trial where the prosecution presented nearly 20 witnesses to the defense’s three, with Bankman-Fried himself taking the stand. FTX co-founder Gary Wang, former head of engineering Nishad Singh and former Alameda CEO Caroline Ellison testified against their former colleague.

Sam Bankman-Fried now awaits sentencing. A hearing will be held where Judge Lewis Kaplan — who oversaw the entirety of Bankman-Fried’s trial — will decide on his sentence….

Read more on Blockworks

48.4K Reads