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The Guardian - US
The Guardian - US
Business
Victoria Bekiempis in New York

Sam Bankman-Fried trial: what is he accused of and does he face prison time?

Sam Bankman-Fried Crypto FTX Caroline Ellison Lewis Kaplan Ryan Salame Alameda Alameda Research Cryptocurrency
Bankman-Fried at a courthouse in New York on 11 August.
Bankman-Fried at a courthouse in New York on 11 August. Photograph: Eduardo Muñoz/Reuters

Sam Bankman-Fried, who was once hailed as a virtuoso in cryptocurrency trading, is on trial over the collapse of FTX, the financial exchange he founded.

Bankman-Fried is accused of shuffling billions in customer funds from FTX into Alameda Research, a hedge fund he also founded.

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