https://www.vox.com/23944399/sam-bankman-fried-sbf-ftx-trial-fraud-guilty

The criminal conviction of the once-lionized cryptocurrency billionaire will have ripple effects on the entire industry.

After just a few hours of deliberation, a New York jury on Thursday convicted Sam Bankman-Fried of fraud and conspiracy in the public flameout of his cryptocurrency exchange FTX, which stands accused of stealing as much as $10 billion from customers. Bankman-Fried, who gained international prominence as the disheveled crypto genius behind the exchange, which he founded in 2019, could be sentenced to decades in prison.