Sam Bankman-Fried’s conviction on all seven criminal fraud counts represents a significant moment in the world of cryptocurrencies. His actions, which resulted in the theft of billions of dollars from customers, have far-reaching implications for the crypto industry and the need for increased regulatory oversight and investor protection.
BREAKING: Sam Bankman-Fried Found Guilty on All Seven Criminal Fraud Counts
New York federal jury finds him guilty of stealing billions of dollars from crypto exchange’s customers t.co/JW8SMEaRZj pic.twitter.com/cH4JNNBE1U
— Financelot (@FinanceLancelot) November 3, 2023
The US Attorney of SDNY, Damian Williams claims SBF and FTX tried to make himself the King of Crypto, and this kind of fraud is as old as time.
He said "Sam Bankman-Fried perpetrated one of the biggest financial crimes in American history" after SBF was charged guilty. pic.twitter.com/UbeyP9QFmU
— unusual_whales (@unusual_whales) November 3, 2023