#sbf GUILTY AS CHARGED

November 2, 2023, a jury of 12 jurors and 5 alternates began deliberating in the criminal fraud trial of Sam Bankman-Fried, the founder of the collapsed FTX cryptocurrency exchange. Bankman-Fried is facing seven charges, including wire fraud, securities fraud, and money laundering. He has pleaded not guilty to all charges.

On November 4, 2023, after two days of deliberations, the jury found Bankman-Fried guilty on all seven counts. This is a major victory for the prosecution and a significant blow to Bankman-Fried, who could face up to 100 years in prison if sentenced to the maximum penalty on each charge.

The verdict marks the end of a closely watched trial that has shed light on the inner workings of FTX and the alleged fraud that led to its collapse. The trial also highlighted the risks associated with investing in cryptocurrency and the need for greater regulation of the industry.

Bankman-Fried's sentencing is scheduled for March 28,2024.