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Copyright © 2024 CGTN. 京ICP备20000184号
Disinformation report hotline: 010-85061466
FTX founder Sam Bankman-Fried was found guilty on Thursday of defrauding customers of his now-bankrupt cryptocurrency exchange in one of the biggest financial frauds on record, a verdict that cemented the 31-year-old former billionaire's fall from grace.
A 12-member jury in Manhattan federal court convicted him on all seven counts after a monthlong trial, where prosecutors argued that he stole $8 billion from the exchange's customers out of sheer greed. The verdict came just shy of one year after FTX filed for bankruptcy, leading to a swift corporate meltdown that shocked financial markets and wiped out his estimated $26 billion personal fortune.