Sam Bankman-Fried Found Guilty on All Counts in FTX Fraud Trial

Sam Bankman-Fried found guilty on all counts of fraud and money laundering charges related to the collapse of his cryptocurrency exchange FTX.

Jury reached unanimous verdict after only 4 hours of deliberation following a month-long trial.

Prosecutors accused Bankman-Fried of stealing billions from FTX customers to pay debts of his crypto trading firm Alameda Research.

Defense argued Bankman-Fried acted in good faith but made mistakes in managing the firms as they grew rapidly.

Sentencing set for March 2024, Bankman-Fried faces decades in prison. Lawyers say he plans to appeal.