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2023.11.03

FTX Founder Sam Bankman-Fried Convicted of Massive Fraud, Facing 115 Years in Prison

Sam Bankman-Fried, founder of FTX cryptocurrency exchange, has been found guilty of various charges, including fraud and money laundering, and may face up to 115 years in prison. FTX, once a top cryptocurrency exchange, went bankrupt, and Bankman-Fried was accused of stealing subscriber funds during the bankruptcy proceedings.

 

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