Bankman-Fried was convicted in November for his role in what prosecutors described as one of the “largest financial crimes in U.S. history.”
The charges against Bankman-Fried stem from his fraudulent activities that led to the collapse of FTX. A federal court jury in Manhattan found him guilty on all counts in the indictment, including defrauding investors, clients and creditors. Despite the seriousness of the charges, Bankman-Fried denies his guilt, which only complicates the process.
The verdict, which will be handed down on March 28, will close this chapter in the life of the FTX founder and set a precedent for the regulation and control of the cryptocurrency industry.
