In this courtroom sketch, Sam Bankman Fried's parents Barbara Fried, left, and Joseph Bankman react to the jury verdict in Manhattan federal court. — AP
Jurors in New York found Sam Bankman-Fried guilty of engaging in a massive fraud related to the collapse of his FTX crypto exchange. Bankman-Fried’s arrest last December, weeks after his exchange filed for bankruptcy, marked a dramatic escalation in the efforts by regulators and prosecutors to rein in what they perceive as excesses in the industry.
His case was far from the first – or last – time that crypto founders and executives found themselves in legal hot water related to their digital-asset activities.
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