FTX founder, Sam Bankman-fried, is guilty to all charges: crypto community reacts
In anticipation of the verdict of Sam Bankman-Fried (SBF), scheduled for March 28, 2024, the crypto community is abuzz, sharing their opinions on the trial of the disgraced founder of FTX, a defunct crypto exchange. The crypto markets fell after the verdict. However, losses were largely contained. Bitcoin (BTC), which has surged more than 100% this year following the $1.5 trillion digital asset crash in 2022, fell about 1% to $34,416 at the time of writing. You might also like: Lawyer expects around 20 years of jail time for Sam Bankman-Fried Bloomberg journalists commented on the court’s decisions, asking the question: what will happen next to crypto currency? Experts interviewed by the publication believe that the court’s decision points to the end of an era of risky and illegal practices and to a more regulated future with greater adoption of digital assets and blockchain technology. Brian Mosoff, chief executive officer of Ether Capital Corp., said the ...