FTX founder Sam Bankman-Fried convicted of defrauding cryptocurrency customers

NEW YORK — FTX founder Sam Bankman-Fried’s spectacular rise and fall in the cryptocurrency industry — a journey that included his testimony before Congress, a Super Bowl advertisement and dreams of a future run for president — hit a new bottom Thursday when a New York jury convicted him of fraud in a scheme that cheated customers and investors of at least $10 billion.

Ex-FTX exec was ‘horrified’ last year when he learned of $13 billion shortfall

NEW YORK — A former FTX executive and onetime billionaire testified against the cryptocurrency exchange’s founder, Sam Bankman-Fried, on Monday at his fraud trial, saying his admiration for him faded as he watched excessive spending on investments, property and celebrities precede a $13 billion shortfall that left him feeling “blindsided and horrified.”