FTX Founder Sam Bankman-Fried Convicted on All Fraud Charges, Faces Over 100 Years in Prison

Sam Bankman-Fried, founder of crypto exchange FTX, was convicted on all 7 fraud and conspiracy charges related to FTX's collapse. He faces up to 110 years in prison.

Prosecutors alleged Bankman-Fried stole up to $10 billion from FTX customers to finance political contributions, investments, and lavish spending.

Multiple former FTX employees testified against Bankman-Fried, detailing how he directed the misuse of customer funds.

Bankman-Fried's decision to testify was risky - he said "I don't recall" over 140 times when questioned.

The diverse 12-person jury deliberated for just over 4 hours before reaching a unanimous guilty verdict on all counts.