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FTX founder SBF was found guilty of fraud by a jury in New York.

According to BlockBeats news on November 3rd, FTX founder Sam Bankman-Fried was found guilty on Thursday of defrauding customers of his now-bankrupt cryptocurrency trading platform, in one of the largest financial fraud cases on record. The 12-member jury in Manhattan federal court found him guilty on all seven charges he faced after a month-long trial, with prosecutors alleging that he stole $8 billion purely out of greed from the trading platform's customers. The verdict came less than a year after FTX applied for bankruptcy in the wake of a rapid corporate collapse that shocked the financial markets and wiped out his estimated $26 billion personal fortune. Bankman-Fried stood with his hands clasped together as the verdict was read, and he pleaded not guilty to two counts of fraud and five counts of conspiracy.

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