Explainer: Sam Bankman-Fried's conviction - what's next?


FILE PHOTO: Former FTX Chief Executive Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, walks outside the Manhattan federal court in New York City, U.S. March 30, 2023. REUTERS/Amanda Perobelli/File Photo

(Reuters) - FTX founder Sam Bankman-Fried was convicted on Thursday of orchestrating a multibillion dollar fraud on the cryptocurrency exchange's customers.

Here's what comes next for Bankman-Fried:

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Musk says steps to stop Russia from using Starlink seem to have worked
French tech company Capgemini says selling US subsidiary
Indonesia lets Elon Musk's Grok resume, lifting ban over sexualised images
I'm a parent, how worried should I be about AI?
Elon Musk's Grok generated 3 million sexualised images in just 11 days, new analysis finds
After robotaxi hits child, Waymo says its software prevented worse
Elon Musk says ‘singularity’ is here – What to know about AI threats to humanity
Waymo seeking about $16 billion near $110 billion valuation, Bloomberg News reports
Bitcoin falls below $80,000, continuing decline as liquidity worries mount
SpaceX seeks FCC nod for solar-powered satellite data centers for AI

Others Also Read