It’s almost a year since those fateful few days that toppled the crypto king from his throne, and at last, Sam Bankman Fried’s trial is over. 

The verdict is guilty on seven counts of fraud.

In the space of three years, SBF built FTX, riding on the cryptocurrency hype. In 2022, it was a household name, featured in Superbowl Ads and plastered on the side of arenas.

Too bad it was built on a now-proven framework of lies. 

It’s been a long road to get to this verdict. Even after the FTX death spiral and SBF’s bizarre Twitter frenzy in November last year, it feels like there were headlines every month at yet another one of SBF’s attempts to evade the consequences of his deception. 

Media appearances, witness tampering, leaked documents, and extradition, nothing was missed during the run-up to the trial.  

Even during the trial, he tried to convey “the well-intentioned overworked business person” and continues to “maintain his innocence” despite the seven counts of fraud. 

Some say the conclusion of the trial marks a new era for crypto, free from the mistrusting shadow cast by his lies. But his damage was already done last November. In the year since then, the blockchain space has already evolved. 

I just hope our news feeds can now be spared of his fluffy locks and bumbling. 

FEATURED

Sam Bankman-Fried Is Found Guilty of 7 Counts of Fraud and Conspiracy

By David Yaffe-Bellany, Matthew Goldstein and J. Edward Moreno   

The case against the founder of the failed FTX exchange had come to symbolize the excesses of the volatile cryptocurrency industry.

FROM FINTECH NEXUS

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• Source: https://www.fintechnexus.com/fintech-nexus-newsletter-november-3-2023-breathe-a-sigh-of-relief-sbf-has-been-found-guilty/