Sam Bankman-Fried's trial closes with the FTX founded being found guilty
BREAKING: Jury finds Sam Bankman-Fried guilty of all seven criminal counts against him. The former FTX CEO faces a maximum sentence of 115 years in prison. Fraud in the collapse of FTX was “worse than Enron” according to advisors. $10 billion in customer funds were missing.
The collapse of FTX was the crypto equivalent of JP Morgan filing bankruptcy. Yet, crypto markets have managed to prevail again. The multi-trillion dollar crypto market has proven its resilience time and time again. Follow us @KobeissiLetter for more as this develops.