Sam Bankman-Fried's Trial: A Crypto King's Dramatic Dethroning and Sentencing

Sam Bankman-Fried, the former CEO of cryptocurrency exchange FTX, has been found guilty on all counts related to the collapse of the exchange, which resulted in the loss of around $1 billion in customer funds. The jury's verdict carries a potential prison sentence of over 100 years, with the final decision to be determined by Judge Lewis A. Kaplan. Bankman-Fried's ex-girlfriend and former CEO of FTX sister company Alameda, Caroline Ellison, testified against him, admitting to committing fraud under his instruction. Bankman-Fried's parents, who are law professors at Stanford University, reacted emotionally to the verdict. The trial also revealed that FTX had paid millions to celebrities like Tom Brady for promotional work, and jurors were shown commercials featuring Brady and comedian Larry David.