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France 24

Business

Camille KNIGHT

Disgraced 'crypto king' Sam Bankman-Fried found guilty of fraud

Apple FTX Cryptocurrency United Kingdom

BUSINESS DAILY © FRANCE 24

Sam Bankman-Fried has been found guilty over his role in the collapse of FTX, the cryptocurrency exchange he founded. He's been convicted of seven counts of fraud and conspiracy and will be sentenced in March 2024. Also, Apple is suffering its most prolonged sales slump in more than a decade. European stock markets are rounding off a good week after central banks paused their interest rate hikes. Finally, the first global summit on AI safety has wrapped up in the UK.

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