Sam Bankman-Fried found guilty of defrauding FTX customers, investors, and lenders

News Snapshot:

A Manhattan federal jury found FTX co-founder Sam Bankman-Fried guilty of defrauding his customers, investors and lenders, concluding a dramatic fall for a 31-year-old entrepreneur who presided over the largest crypto collapse in history. Jury members deliberated for a period of hours after Bankman-Fried's criminal trial wrapped up Thursday. They concluded he was guilty on all seven criminal charges, ranging from wire fraud to money laundering. His sentencing is scheduled for March 28; the counts carry a maximum sentence of 110 years. Bankman-Fried was stoic while his verdict was read in the courtroom, and he didn’t look back at his...