Sam Bankman-Fried trial shines light on the rise and fall of cryptocurrency and concerns about its use in white-collar crime
Virginia TechThe trial of Sam Bankman-Fried, founder of failed cryptocurrency exchange FTX, is underway in New York. Some are calling his crimes one of the biggest financial frauds in decades. The 31-year-old former crypto mogul is charged with orchestrating a conspiracy to use $10 billion that FTX’s customers had entrusted to him for venture capital investments, political donations and luxury real estate purchases.