Sam Bankman-Fried: guilty on all charges

Sam Bankman-Fried was found guilty on all seven counts of fraud, money laundering and conspiracy, with jurors deliberating for less than five hours. The verdict came a year to the day after CoinDesk published the leaked balance sheet that led to the collapse of FTX. The five wire fraud and money laundering charges each carry maximum sentences of twenty years, while the securities and commodities fraud charges carry five years each. Sentencing is scheduled for March 28, though that date is subject to change, and a second trial on five further charges is set to begin March 11.