Bankman-Fried was found guilty of seven counts of fraud and conspiracy after jurors in Manhattan deliberated for less than five hours on Thursday. He faces as much as 20 years in prison on each of the most serious charges. Judge Lewis Kaplan set a sentencing date in March.
The verdict is a win for Manhattan US Attorney Damian Williams in the highest-profile criminal prosecution in the crypto world. It also caps a spectacular fall for BankmanFried from early 2022 when FTX was valued at $32 billion and celebrities including Tom Brady, Larry David, and Steph Curry were paid to urge people to trade digital currency on the platform.
Bankman-Fried "perpetrated one of the biggest financial frauds in American history," Williams said after the verdict. "A multibillion dollar scheme designed to make him the King of Crypto."
Bu hikaye Mint Mumbai dergisinin November 04, 2023 sayısından alınmıştır.
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Bu hikaye Mint Mumbai dergisinin November 04, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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