The verdict on the FTX Founder Sam Bankman-Fried's case is finally here. The jury has deemed SBF guilty of all seven counts of fraud...
The verdict on the FTX Founder Sam Bankman-Fried’s case is finally here. The jury has deemed SBF guilty of all seven counts of fraud and money laundering charges placed against him by the US Department of Justice. The ruling has finally brought an end to the nearly four week’s trial, which saw the top FTX executives testifying against Bankman-Fried., 2023. The trial set course nearly 11 months after the collapse of FTX – formerly one of the biggest crypto exchanges in the world.
The downfall saw the top executives of the firm calling the quits and joining hands with US prosecutors. This, in turn, resulted in the apprehension and extradition of SBF in December 2022, with the Department of Justice in the Southern District of New York District uncovering the lawsuit against him. SBF has now been found guilty of seven charges of fraud and money laundering, charges to which he previously pleaded not guilty.of FTX and its sister firm – Alameda Research.
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