It is not just crypto tokens that have spectacular downfalls. So can crypto personalities.
Sam Bankman-Fried founded FTX, one of the world’s largest exchanges for so-called cryptocurrencies, which collapsed last year owing billions of dollars. Now he has gone from being hailed as potentially the world’s first trillionaire to a lengthy term in prison.
After a month-long trial, a New York jury took less than five hours to find him guilty on seven counts of fraud and money laundering.
