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.
https://twitter.com/FinanceLancelot/status/1720233218392096885
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