Sam Bankman-Fried's Fraud Trial Begins Today -Here's What It Means For The Future Of Crypto | Forbes
October 3, 2023
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17:33Now PlayingSam Bankman-Fried's Fraud Trial Begins Today -Here's What It Means For The Future Of Crypto | Forbes
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as posted by the channelThis week, Sam Bankman-Fried, known as SBF, will stand trial in what federal prosecutors have called one of the biggest frauds in US history.
The 31-year-old former crypto superstar has pleaded not guilty to seven counts of fraud and conspiracy in connection with the collapse of FTX, his crypto-trading platform. If convicted and sentenced to the maximum punishment, he could spend the rest of his life in prison.
Forbes’ Director of Research for Digital Assets, Steven Ehrlich, sat down with reporter Rosemarie Miller to talk about what SBF has been charged with, how big the fraud was and what it means for the future of cryptocurrency.
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