The last 24 hours have given us interesting chapters in the world of cryptocurrencies and not exactly the focus is the price action, no gentlemen, the main focus of attention is that the king of cryptocurrencies was found guilty of fraud, likewise Sam Bankman-Fried was accused of fraud.
Everything related to the case of FTX and Sam Bankman-Fried somehow causes a stir that in my opinion favors the cryptocurrency market, I say it this way because, in a way, justice is being done.
In this sense and according to information disclosed by the BBC news agency for Central America, "Sam Bankman-Fried, the founder of FTX -one of the world's largest cryptocurrency exchange platforms-, was found guilty of fraud and money laundering at the end of a month-long trial in New York".
The jury delivered its verdict Thursday at the end of its first day of deliberations. The decision concludes a stunning fall from grace for Bankman-Fried, who became one of the world's youngest billionaires, heading a company that was once valued at $32 billion."
On the other hand, it should be noted that "During the trial, prosecutors accused him of lying to investors and lenders and stealing billions of dollars from FTX, which helped precipitate its collapse. He was charged with seven counts of fraud and money laundering."
SOURCES CONSULTED
BBC. Sam Bankman-Fried, the "cryptocurrency king," found guilty of fraud and money laundering. Link
OBSERVATION:
The cover image does not belong to the author: @lupafilotaxia, the image was taken from: BBC
