Sam Bankman-Fried found guilty on seven counts of fraud and conspiracy.
Bankman-Fried visibly shaken as the verdict was delivered in the courtroom.
Sentencing hearing scheduled for March 28, 2024, marking the next chapter in his legal battles.
FTX's downfall has significant repercussions within the cryptocurrency industry.
Bankman-Fried alleged to have siphoned billions from FTX customer accounts and defrauded lenders.
Testimonies during the trial reveal Bankman-Fried's purported influence over critical decisions at FTX.
Defense faced challenges countering the prosecution's claims, prompting Bankman-Fried to take the stand.
Bankman-Fried's future remains uncertain, with further legal proceedings looming.
Trial outcome underscores the need for increased vigilance in the realm of digital finance.
Verdict highlights growing scrutiny and potential regulatory shifts in the cryptocurrency market.
If You Like It.
Share This With Your Friends.