A jury has found Sam Bankman-Fried Thursday guilty on all counts in the fraud trial against the former crypto billionaire.
CNBC reported at around 4:55 p.m. Pacific time that the jury found Bankman-Fried guilty. The verdict was reached around four hours after the jury began deliberations.
The co-founder of the digital currency exchange FTX was charged with seven counts of wire fraud, securities fraud and money laundering that defrauded customers of his digital currency exchange, FTX, and lenders to its affiliated hedge fund, Alameda Research.
He faces up to 115 years in prison, according to CNBC.... Read More: NBC News