Sam Bankman-Fried has been found guilty over his role in the collapse of crypto exchange FTX.
The verdict caps a yearlong saga that took the 31-year-old Bankman-Fried from a billionaire living in a luxury apartment in the Bahamas to a defendant in one of the biggest white-collar crime cases since Bernie Madoff's Ponzi scheme that fell apart in 2009.FTX founder Sam Bankman-Fried has been found guilty of fraud.
The verdict comes a year after FTX entered a death spiral that fueled a panic in the trillion-dollar crypto industry and left an estimated 1 million customers facing potential losses.
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