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Bankman-Fried faces up to 110 years behind bars following guilty verdict.
Former crypto tycoon Sam Bankman-Fried has been found guilty on all charges after orchestrating what authorities have described as one of the biggest financial frauds in US history.
A jury convicted Bankman-Fried, the founder of cryptocurrency exchange FTX, on seven counts of fraud, embezzlement and criminal conspiracy after over four hours of deliberations.
Prosecutors accused the once feted crypto entrepreneur of stealing about $10bn, using customers’ funds to make risky investments, purchase property and fund political campaigns.
Bankman-Fried, 31, faces up to 110 years behind bars.
The verdict comes almost a year after FTX filed for bankruptcy in a spectacular collapse that stunned financial markets and wiped out his estimated $26bn personal fortune.
