Sam Bankman-Fried Guilty for Fraud
Nov, 2023

Sam Bankman-Fried Guilty for Fraud

Guilty for fraud and money laundering was founded from a New York court, Sam Bankman Fried, former CEO of crypto exchange FTX, after a month-long trial.


After 4 hour of deliberations, the judges decided that SBF is pleaded guilty and the next step will the determination of the charges, which, in previous similar cases, were some decades of imprisonment.


The case of FTX and Alameda Research was the largest boom that shook the entire crypto sector, plunging the prices and bringing investment freeze in the entire spectrum.


As quick as this specific issue will be resolved and more legislative initiatives will be taken around the world, the quickest the resurge will be achieved for crypto prices and the normality in business will come back in the field.


Until the next bull run……….


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