Not long ago, Sam Bankman-Fried was described as "crypto's golden boy." But today, the 31-year-old founder of FTX is the poster child of everything that has gone wrong with cryptocurrencies — and he's facing the prospect of spending the rest of his life in prison.
On Tuesday, Bankman-Fried's high-profile trial will get underway. Federal prosecutors have accused him of defrauding customers and investors, and charged him with money laundering. If he is convicted on all seven criminal counts, the former crypto executive could be sentenced to more than 100 years in prison.
