When is FTX founder Sam Bankman-fried's trial?

FTX founder Sam Bankman-Fried's trial is about to start. Here's what you need to know Former FTX CEO Sam Bankman-Fried arrives for a bail hearing at Manhattan Federal Court in New York City on Aug. 11, 2023. Bankman-Fried is set to start his blockbuster trial on Tuesday. It's expected to last about six weeks.

What is Bankman-fried FTX?

Bankman-Fried started FTX in 2019, and before long, the company was valued at an eye-popping $32 billion. The company ran one of the largest cryptocurrency exchanges in the world, and it was the centerpiece of a crypto empire that spanned the globe. Bankman-Fried also founded a crypto-focused hedge fund, called Alameda Research.

Who is Sam Bankman-fried?

Sam Bankman-Fried, the founder of the collapsed FTX cryptocurrency exchange, is set to stand trial on Tuesday, after a yearlong corporate saga that has made headlines around the world and devastated the digital asset industry. Here’s what to know about his case. What is Mr. Bankman-Fried accused of?

What happens if Bankman-fried is convicted?

On Tuesday, Bankman-Fried's high-profile trial will get underway. Federal prosecutors have accused him of defrauding customers and investors, and charged him with money laundering. If he is convicted on all seven criminal counts, the former crypto executive could be sentenced to more than 100 years in prison.