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WEKU
WEKU
Business
David Gura

Sam Bankman-Fried is found guilty of all charges in FTX's spectacular collapse

Sam Bankman-Fried FTX Prison Alameda Research Caroline Ellison Danielle Sassoon Gary Wang Mark Cohen Michael M Santiago
Sam Bankman-Fried leaves a Manhattan federal court in New York City on Jan. 3, 2023. (Ed Jones/AFP via Getty Images)

Sam Bankman-Fried, the former head of the cryptocurrency exchange FTX, was found guilty of each of the seven criminal charges he faced, marking a spectacular fall from grace for a "math nerd" who was once a shining star in finance.

Bankman-Fried now faces the prospect of spending decades in prison after being convicted on charges including securities fraud, wire fraud and money laundering. The jury reached its verdict after just five hours of deliberations.

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