Sam Bankman-Fried, the founder of FTX, one of the world’s largest cryptocurrency exchanges, was convicted on all seven charges, including wire fraud, securities fraud and money laundering, after a month-long hearing in New York City, USA. done.
Publika.az reports that the jury found Bankman-Fried guilty after a trial lasting more than four hours.
Bankman-Fried, who was arrested in December 2022 in the Bahamas, where he lives and is the headquarters of the FTX, was released on $250 million bail to be kept under house arrest at his family’s home in California after agreeing to be extradited to the United States.
31-year-old Bankman-Fried is expected to receive a long prison sentence, and the decision will be announced in March.
It should be recalled that the cryptocurrency exchange FTX went bankrupt in November 2022, and it was announced that the CEO of the company, Sam Bankman-Fried, resigned.
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