Crypto Mogul Sam Bankman-Fried's Conviction Sends Shockwaves Through the Industry
The trial of FTX founder Sam Bankman-Fried, which exposed a multibillion-dollar fraud in the crypto market, did not dampen the enthusiasm of crypto investors. Instead, crypto prices surged during the trial on optimism that U.S. regulators would approve a bitcoin exchange-traded fund. Bitcoin has risen over 25% since October and recently reached an 18-month high.