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The Independent UK
The Independent UK
National
Bevan Hurley

Sam Bankman-Fried on trial: Fallen crypto king faces 110 years in prison for alleged FTX fraud

Associated Press

Sam Bankman-Fried was once hailed as the boy wonder of the crypto industry – an “altruistic” self-made billionaire who hung out with presidents and pop stars and had the ear of lawmakers from both parties in Washington DC.

Nearly one year after his cryptocurrency empire FTX imploded, the 31-year-old has been found guilty of committing one of the largest corporate frauds in US history, following a trial in New York.

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