FTX crypto mogul convicted of fraud, faces max of 110 yrs in jail

Sam Bankman-Fried, the founder of FTX cryptocurrency exchange, has been convicted of fraud by a New York jury. The jury found him guilty of stealing at least $10 billion from customers and investors. Bankman-Fried, once worth over $20 billion, is now facing a maximum sentence of 110 years. The conviction is a significant victory for US attorney Damian Williams, who described Bankman-Fried's actions as "one of the biggest financial frauds in US history." Bankman-Fried is expected to appeal the verdict.