Hi HODLers, Hiveans and Lions,
This is the best news I have seen in a while...
Finally: Justice! We might put this entire nightmarish scenario behind us!
Former FTX CEO Sam Bankman-Fried was found guilty of all seven charges by a jury in his criminal trial in New York after about four hours of deliberations.
I am not an expert in the US justice system, but it seems the verdict was reached quite quickly.
Bankman-Fried was found guilty of two counts of wire fraud, two counts of wire fraud conspiracy, one count of securities fraud, one count of commodities fraud conspiracy and one count of money laundering conspiracy.
Technically he could get a sentence of more than 100 years and will most likely appeal.
Best 2023 Halloween costume!
Don't worry, you'll be able to dress as SBF in jail uniform soon enough!
Stay safe!