The_Rooster
Nov 3, 2023
Sam Bankman-Fried, the co-founder and former CEO of crypto exchange FTX and trading firm Alameda Research, has been found guilty on all seven counts related to fraud and money laundering.
As the story unraveled, we learned that the problem was much, much bigger than many originally thought: The executives behind the now-bankrupt FTX and Alameda allegedly stole over $8 billion in customer funds.
https://techcrunch.com/2023/11/02/sam-bankman-fried-found-guilty-on-all-seven-counts/