Bankman-Fried, founder of cryptocurrency exchange FTX, on seven counts of fraud and conspiracy. Bankman-Fried could spend the rest of his life in prison, as his attorney says his client maintains his innocence. CNBC’s Kate Rooney reports.
The FTX scandel shows the importance that crypto funds also implement their own security protocols and research to avoid investing in sacams as well have a clear mechanism to protect their investors from international fraud through clear established security protocols.