Everand Logo

Welcome to Everand!

  • NPR

    Sam Bankman-Fried is guilty, and the industry he helped build wants to move on

    As Sam Bankman-Fried prepares to go to prison for one of the largest financial frauds in history, the cryptocurrency industry is looking ahead to a future without its former "golden boy."
    by David Gura Nov 11, 2023 4 minutes
    After a monthlong trial, New York City jury found former FTX CEO Sam Bankman-Fried guilty of seven criminal counts, including securities fraud.

    The highest-profile cryptocurrency trial is over, and the crypto industry is eager to move on. But that isn't going to be easy.

    Earlier this month, a New York City jury found the disgraced crypto mogul Sam Bankman-Fried guilty of seven criminal counts, including money laundering and securities fraud.

    As the co-founder and former CEO of the cryptocurrency exchange FTX awaits a sentencing hearing scheduled to take place in March, Bankman-Fried still casts a long shadow on the industry he helped make. FTX filed for bankruptcy exactly one year ago, on Nov. 11, 2022.

    Bankman-Fried and FTX introduced millions of people all over the world to Bitcoin, Ethereum and other cryptocurrencies, and his company spent a lot of

    You’re reading a preview, subscribe to read more.

    More from NPR

    NPR4 min read
    As Pro-Palestinian Protests Spread, More University Leaders Weigh Police Involvement
    As college administrators face growing unrest on campuses, a growing number are grappling with whether to bring in law enforcement to quell the demonstrations.
    NPR3 min read
    U.S. To Require Automatic Emergency Braking On New Vehicles In 5 Years
    The National Highway Traffic Safety Administration unveiled the final version of the new regulation on Monday and called it the most significant safety rule in the past two decades.
    NPR2 min read
    Doris Kearns Goodwin Shares Her Late Husband's Contributions To History
    Doris Kearns Goodwin's late husband Dick Goodwin was a speechwriter for former Presidents John F. Kennedy and Lyndon B. Johnson, and former U.S. Attorney General Robert F. Kennedy.

    Related Books & Audiobooks