Year after FTX collapse: what to expect from SBF trial
In 2022, FTX crypto exchange filed for bankruptcy, sending shockwaves through the crypto community. Legal actions against its former management have persisted. Nearly a year later, founder Sam Bankman-Fried faces an impending trial . The trial of the disgraced businessman will begin on October 3 and will last at least 21 days until November 9 inclusive. At least until sentencing, Bankman-Fried will be held in custody in the Brooklyn prison where he was sent on August 11. Sam is accused of seven counts of fraud. According to investigators, the former head of the trading platform illegally seized the assets of FTX clients. For the scams committed, he faces a penalty of imprisonment for a term of 110 years. I made a lot of big mistakes this year. But this wasn't one of them. There's no evidence, because it didn't happen. Please, please, focus on your own house. https://t.co/tlcQu9zFdf — SBF (@SBF_FTX) December 9, 2022 Who is affected by the FTX collapse? Many com...