After a lengthy trial involving the now-defunct cryptocurrency exchange FTX and trading company Alameda Research, Sam Bankman-Fried was found guilty of fraud and money laundering. It ends the astonishing decline in fortune for the 31-year-old former billionaire, who was formerly dubbed the "King of Crypto" and
During the opening statements on Wednesday, October 4, federal prosecutors and Sam Bankman-Fried's attorneys sparred over whether the former billionaire's cryptocurrency exchange, FTX, fell due to “massive” fraud committed by its creator or poor business decisions. Bankman-Fried, 31, has entered a not-guilty plea to allegations that
Founder of collapsed FTX crypto exchange Sam Bankman-Fried was arrested in The Bahamas after US authorities filed criminal charges against him. It is a remarkable fall from grace for the 30-year-old entrepreneur who rode the bitcoin boom to build one of the world's largest cryptocurrency exchanges
