This week, Sam Bankman-Fried, known as SBF, will stand trial in what federal prosecutors have called one of the biggest frauds in US history.

The 31-year-old former crypto superstar has pleaded not guilty to seven counts of fraud and conspiracy in connection with the collapse of FTX, his crypto-trading platform. If convicted and sentenced to the maximum punishment, he could spend the rest of his life in prison.

Forbes’ Director of Research for Digital Assets Steven Erich sat down with reporter Rosemarie Miller to talk about what SBF has been charged with, how big the fraud was and what it means for the future of cryptocurrency.

0:00 Intro
00:25 What SBF Been Charged With?
03:00 What Is SBF's Defense?
05:57 Will SBF's Inner Circle Stick By Him?
09:14 How Are SBF's Parents Involved?
12:31 How Has SBF Affected The Perception Of Crypto?

Read the full story on Forbes: https://www.forbes.com/newsletters/forbescryptoassetadvisor/2023/09/29/lessons-for-a-post-sam-bankman-fried-world-september-issue/?sh=7903f1975016

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