Front Burner

Guilty: The fall of Sam Bankman-Fried

FTX founder Sam Bankman-Fried’s trial ended in a guilty verdict on seven counts. What does that mean for FTX customers and the cryptocurrency industry?
A man with curly black hair wears a suit and tie and looks to his right.
Former FTX Chief Executive Sam Bankman-Fried was found guilty on seven criminal counts, including fraud, conspiracy and money laundering, by a jury in New York. (Eduardo Munoz/Reuters)

A jury has found FTX founder Sam Bankman-Fried guilty on seven counts, from conspiracy to fraud, following the collapse of his crypto exchange last year. Jacob Silverman, host of The Naked Emperor podcast, walks us through Bankman-Fried's trial and explains what the verdict means for FTX customers and the cryptocurrency industry.

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