Sam Bankman-Fried’s trial drew back the drape on crypto
Last November, after simply a couple of hours of consideration, a New York jury founded guilty Sam Bankman-Fried of scams and conspiracy in the general public flameout of his cryptocurrency exchange FTX, which stands implicated of taking as much as $10 billion from consumers. On March 28, Bankman-Fried, who acquired worldwide prominence as the disheveled crypto genius behind the exchange, which he established in 2019, was sentenced to 25 years in federal jail.
The extreme, five-week criminal trial last fall revealed the structure of deceptiveness that Bankman-Fried, 32, had actually for years utilized to prop up FTX and himself and, regardless of the demonstrations of some crypto lovers that he was simply one rotten apple, made it hard for the general public not to question whether the re...