“The cryptocurrency industry might be new; the players like Bankman-Fried might be new, But this kind of fraud, this kind of corruption, is as old as time. And we have no patience for it.” – US Attorney Damian Williams. ☠️
After a month of testimony, it only took the jury four hours to find Sam Bankman-Fried guilty on all seven counts.
How did SBF and his parents react? According to NBC News:
“Bankman-Fried was asked to rise and face the jury as the verdicts were read Thursday, and he did so. He showed little emotion as each verdict was read.
His father slumped in his seat, hunched over as each guilty verdict came in. His mother was visibly emotional.”
His sentencing is scheduled for March 2024, and he’s facing a possibility of 100+ years.
To make a final point, US Attorney Williams reminded the public that this case stands as a stark warning to the untouchable: “I promise we have enough handcuffs for all of them.” 💀