Sam Bankman-Fried has been found guilty of seven serious charges. This could lead to a possible prison sentence of 115 years.
🏦Background: The Rise and Fall of FTX
Bankman-Fried was the brain behind FTX, a cryptocurrency exchange. However, the collapse of FTX marked an abrupt end to his ascent.
⚖️The Seven Charges
The charges encompass fraud and conspiracy related to the collapse of FTX. He's also accused of making illegal political donations.
🕰️115 Year Prison Sentence
Upon being found guilty, Bankman-Fried could face a maximum prison sentence of 115 years. The exact duration is yet to be determined by the judge.
🗓️Date of Sentencing
Judge Lewis Kaplan has set the date for sentencing in March 2024. The exact date has not yet been disclosed.