BitcoinWarrior

News and Education

Trial of disgraced crypto star Bankman-Fried begins

Published by
AFP

New York (AFP) – The trial of Sam Bankman-Fried, former CEO of one of cryptocurrency’s biggest exchanges, began Tuesday with a jury set to determine if he committed massive fraud by stealing billions of dollars from clients. The 31-year-old — once one of the most respected figures in crypto — now faces decades in prison and could see his name stand alongside Bernie Madoff and Elizabeth Holmes as the era’s most prominent fraudsters. The first day of the trial was devoted to jury selection for a case that is set to last about six weeks. Bankman-Fried faces seven counts including wire fraud, se…

Read More