![Photo illustration of Sam Bankman Fried on a background of pixels and handcuffs.](https://cdn.vox-cdn.com/thumbor/CjTOch5SAWfl82CanH74CBjdZIw=/0x0:2040x1360/1310x873/cdn.vox-cdn.com/uploads/chorus_image/image/72823205/236817_SBF_Trial_Stock_CVirginia_F.0.jpg)
Former cryptocurrency kingpin Sam Bankman-Fried has been found guilty of fraud. A New York jury delivered the verdict on November 2nd, concluding a trial that has seen Bankman-Fried defend himself against claims that he criminally mismanaged his crypto exchange FTX and trading firm Alameda Research.
After more than a month in trial, the jury took less than four hours to decide Bankman-Fried’s fate, declaring him guilty on all seven charges, including wire fraud, conspiracy to commit wire fraud, and conspiracy to commit money laundering. He will be sentenced by Judge Lewis Kaplan in a future hearing and faces decades in prison.
Bankman-Fried started FTX in 2019, and its valuation rose stratospherically during a post-pandemic crypto boom....
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