Was crypto on trial with Sam Bankman-Fried?
by Blake Montgomery from Technology | The Guardian on (#6G4KW)
Binance and Coinbase are under investigation - but bitcoin was trading at highest value in a year as FTX founder convicted of fraud
As the trial of the former crypto star and FTX founder Sam Bankman-Fried began last month, headlines declared cryptocurrency was on trial too.
But when Bankman-Fried was found guilty on seven counts of wire fraud and money-laundering conspiracy on Thursday evening, after less than five hours of jury deliberations, bitcoin was trading at its highest price in a year.
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