The New York Jurors took 4 fours of deliberating before pronouncing the former FTX CEO guilty of all seven charges of fraud and conspiracy to commit fraud.
Bankman-Fried will now have to appear in court on 28 March, 2024, where he will face a potential maximum sentence of 115 years in prison.
Former CEO of FTX Sam Bankman-Fried leaves the Federal Court in New York after pleading not guilty, 3 January, 2022. lev radin/Shutterstock
The remaining $31 million worth of crypto assets were returned late on Monday, marking a successful end to Euler Finance’s recovery efforts.
The total value of assets returned is a little over $177 million, which is 90% of the “recoverable funds” after adjusting for the 10% bounty previously offered.