👉👉 #SamBankman-Fried found guilty on all seven counts of fraud and conspiracy on November 2, 2023.👈👈👈
Sam Bankman-Fried found guilty on all seven counts of fraud and conspiracy on November 2, 2023. He faces up to 115 years in prison, but is scheduled to be sentenced on March 28, 2024.
Bankman-Fried is the founder and former CEO of FTX, a cryptocurrency exchange that collapsed last year. Prosecutors said that Bankman-Fried orchestrated a scheme to steal as much as $10 billion from his users. He is accused of mismanaging customer funds to enrich himself and his family.
Bankman-Fried's conviction is a major blow to the cryptocurrency industry. He was once one of the most respected figures in the space, and his downfall has raised concerns about the regulation of cryptocurrency exchanges.
The latest update on Bankman-Fried's case is that he is being held at the Metropolitan Detention Center in Brooklyn, New York, while he awaits sentencing. His defense attorneys have said that they plan to appeal the verdict.
