🔥The trial of former FTX CEO Sam Bankman-Fried will begin on October 4 and last until November 9. He is accused of seven counts of fraud and conspiracy related to the collapse of the FTX crypto exchange.
- FTX was founded in 2019 and has become a household name in the US thanks to high profile sponsorships and campaigns.
- In November 2022, problems began regarding FTX's relationship with trading firm Bankman-Fried Alameda Research and the latter's dependence on the FTT token.
- On November 11, 2022, FTX, FTX US and Alameda Research began bankruptcy proceedings, Bankman-Fried resigned as CEO.
If convicted, Bankman-Fried faces more than 100 years in prison.
- FTX was founded in 2019 and has become a household name in the US thanks to high profile sponsorships and campaigns.
- In November 2022, problems began regarding FTX's relationship with trading firm Bankman-Fried Alameda Research and the latter's dependence on the FTT token.
- On November 11, 2022, FTX, FTX US and Alameda Research began bankruptcy proceedings, Bankman-Fried resigned as CEO.
If convicted, Bankman-Fried faces more than 100 years in prison.