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title: FTX crypto-villain Sam Bankman-Fried convicted | daily.dev
description: Sam Bankman-Fried, the founder of FTX crypto exchange and trading firm Alameda Research, has been convicted on seven criminal charges. FTX filed for bankruptcy...
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# FTX crypto-villain Sam Bankman-Fried convicted

**[The Register](https://daily.dev/sources/theregister)** · 3 min read · 0 upvotes · 0 comments

## Summary

Sam Bankman-Fried, the founder of FTX crypto exchange and trading firm Alameda Research, has been convicted on seven criminal charges. FTX filed for bankruptcy after shifting funds to Alameda, causing the collapse of the exchange. Bankman-Fried faces a maximum sentence of 110 years. Testimony from Caroline Ellison and Gary Wang implicated Bankman-Fried in the wrongdoing.

## Full article

daily.dev links to this article rather than hosting it. Read it at the original source: <https://go.theregister.com/feed/www.theregister.com/2023/11/03/sam_bankman_fried_ftx_convicted/>

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---

Tags: [#crypto](https://daily.dev/tags/crypto), [#ftx](https://daily.dev/tags/ftx)

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