Crypto industry grapples with FTX fallout as trial looms

Sam Bankman-Fried, once the wunderkind of crypto, will appear in a federal New York court on Tuesday (Sept 3) facing seven counts of fraud that could see him spend decades in prison, capping a spectacular fall from grace. — Reuters

LONDON: The collapse of cryptocurrency platform FTX, whose disgraced former boss goes on trial this week, sparked shock waves worldwide, with regulators still seeking to get to grips with the sector.

Sam Bankman-Fried, once the wunderkind of crypto, will appear in a federal New York court on Tuesday (Sept 3) facing seven counts of fraud that could see him spend decades in prison, capping a spectacular fall from grace.