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The Guardian - US
The Guardian - US
Business
Blake Montgomery

Shattered wunderkind image: five key takeaways from Sam Bankman-Fried’s fraud trial

Sam Bankman-Fried FTX Caroline Ellison Danielle Sassoon Gary Wang Alameda Joseph Bankman Michael Lewis Alameda Research Barbara Fried
FTX founder Sam Bankman-Fried's fraud trial in New York CityFTX founder Sam Bankman-Fried testifies in his fraud trial over the collapse of the bankrupt cryptocurrency exchange, at federal court in New York City, U.S., October 27, 2023 in this courtroom sketch. REUTERS/Jane Rosenberg
The FTX founder Sam Bankman-Fried at federal court in New York City on 27 October 2023. Photograph: Jane Rosenberg/Reuters

Former crypto mogul Sam Bankman-Fried was convicted on seven charges of fraud and conspiracy on Thursday, after a trial that lasted roughly a month.

The proceedings in a Manhattan courtroom revealed in detail how a multibillion-dollar cryptocurrency empire could implode overnight and put on vivid display the idiosyncratic personalities that left thousands of customers in financial calamity.

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