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It was fraud – Sam Bankman-Fried convicted

Sam Bankman-Fried
Photo: Drew Angerer/Getty Images

Martin Cloake, Carmen Cracknell

2 min read
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Jury finds former ‘king of crypto’ guilty on all counts including defrauding customers out of billions of dollars.

In the end, there was nothing new under the sun. Or, as US Attorney Damien Williams put it, “the cryptocurrency industry might be new … this kind of corruption is as old as time”. Just after 7.40pm Thursday, the jury in the trial of former ‘king of crypto’ Sam Bankman-Fried found

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