Sam Bankman-Fried, the CEO of cryptocurrency trading platform FTX, has been found guilty of all counts in his fraud trial. Bankman-Fried was charged with two counts of misappropriation and one count of fraudulent conversion the funds of a customer of the exchange. The trial concluded after two days of testimony and jury deliberation. The jury found him guilty on all charges, and Bankman-Fried is now facing a possible prison sentence. FTX released a statement indicating that Bankman-Fried was terminated effective immediately. The statement also expressed disappointment in Bankman-Fried’s actions and noted that the company will continue to cooperate with law enforcement and the court.
