FTX Founder Sam Bankman-Fried Found Guilty of Financial Fraud, Money Laundering

The cryptocurrency guru now faces decades in prison after being found guilty of fraud, money laundering, and more.

Former FTX CEO Sam Bankman-Fried arrives for a bail hearing at Manhattan Federal Court in New York City, on Aug. 11, 2023. Michael M. Santiago/Getty Images

Cryptocurrency guru Sam Bankman-Fried has been found guilty of fraud, money laundering, and more.

A 12-member New York jury convicted the 31-year-old FTX founder on all seven counts of fraud and conspiracy in relation to his role in a scheme that cheated customers and investors of at least $10 billion.