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Relief in crypto world over Bankman-Fried conviction

Published by
AFP

New York (AFP) – Cryptocurrency backers on Friday celebrated the fraud conviction of the industry’s one-time golden boy Sam Bankman-Fried, hoping the embattled sector can finally turn the page on a multibillion dollar scandal. The “verdict should hopefully mark the end of a dark era in our industry,” said Yat Siu, president of Animoca Brands, a video game publisher and investor in projects linked to blockchain, the underlying technology of cryptocurrencies. On Thursday, a New York jury found Bankman-Fried, known as “SBF,” guilty of all seven counts against him, including fraud, conspiracy and …

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