After the monthlong trial, jurors rejected Bankman-Fried’s claim during testimony in Manhattan federal court that he never committed fraud or meant to cheat customers before FTX, once the world’s second-largest crypto exchange, collapsed into bankruptcy a year ago.
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00:00 The founder of the FTX cryptocurrency exchange, Sam Bankman-Fried, has been convicted on seven
00:06 charges of fraud and conspiracy.
00:09 Bankman-Fried founded FTX in 2019 and quickly rose to unprecedented success with more than
00:15 a million users and a fortune of $26 billion.
00:20 But last year, allegations of impropriety saw customers rush to withdraw their money
00:25 and the exchange collapsed.
00:27 Bankman-Fried is facing up to 110 years in prison when he's sentenced in March.
00:32 (whooshing)