The Latest Breaking News from FTX

Thursday's verdict marks the sorry end of Sam Bankman-Fried and the beginning of a new era in crypto.

Former billionaire Sam Bankman-Fried will be sentenced next year.

The FTX founder has been found guilty on seven charges, and he may face decades in prison.

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"The cryptocurrency industry might be new. The players like Sam Bankman-Fried might be new, but this kind of fraud, this kind of corruption is as old as time and we have no patience for it," said U.S. attorney Damian Williams.

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.…

Experts say the coin likely has no long-term value, but it could prove lucrative for professional traders who can quickly flip it.

The once-hailed ‘boy wonder’ of the crypto industry rose to prominence after founding trading firm Alameda Research in 2017 at the age of 25. So what went wrong? Bevan Hurley looks back at Bankman-Fried’s remarkable rise – and even more dramatic fall as he begins his 25-year prison sentence

Cryptocurrency founder was once worth $26bn