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The Guardian - US
The Guardian - US
Technology
Blake Montgomery

FORGOTTEN HISTORY: Was crypto on trial with sam bankman fried - The Untold Story

Sam Bankman-Fried Crypto FTX Bitcoin Binance Coinbase
A young white man with a mop of black curly hair wearing a suit and no tie peers at the camera.
Sam Bankman-Fried was found guilty on seven counts of wire fraud and money-laundering conspiracy. Photograph: Ed Jones/AFP/Getty Images

As the trial of the former crypto star and FTX founder Sam Bankman-Fried began last month, headlines declared cryptocurrency was on trial too.

But when Bankman-Fried was found guilty on seven counts of wire fraud and money-laundering conspiracy on Thursday evening, after less than five hours of jury deliberations, bitcoin was trading at its highest price in a year.

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