Track FTX news, including bankruptcy updates, creditor repayments, court rulings, asset recovery, and the lasting impact of the collapse.
Several members of the community agreed that the guilty verdict was the right outcome for the case.
Oluwapelumi Adejumo 3 min read 
The jury reached a guilty verdict on all charges against the former billionaire after a little over four hours of deliberating.
A New York jury has begun deliberations on whether Sam Bankman-Fried committed mass fraud or simply made grave mistakes as a novice CEO.
Solana's SOL is the best-peforming top 20 asset in the last 24 hours.
"This is not about complicated issues of cryptocurrency," the government told the jury. "It's about lies and stealing and greed."
The day's proceedings revolved around scrutinizing SBF's relationship with the Bahamian government, handling customer funds, and transparency issues.
Sam Bankman-Fried took the stand one last time during his criminal fraud trial in New York to deny wrongdoing.
SBF's team has appealed to an esoteric element of English law—which, it claims, governs FTX's terms of service—to deny that FTX ever had any fiduciary relationship to its customers at all.
FTX creditor's claim has risen to more than 50 cents on the dollar after Google committed $2 billion to Anthropic.
