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Sam Bankman-Fried's Fraud Trial Begins Today -Here's What It Means For The Future Of Crypto | Forbes

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 Ehrlich, 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/fo... Subscribe to FORBES: https://www.youtube.com/user/Forbes?s... Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more: https://account.forbes.com/membership... Stay Connected Forbes newsletters: https://newsletters.editorial.forbes.com Forbes on Facebook: http://fb.com/forbes Forbes Video on Twitter:   / forbes   Forbes Video on Instagram:   / forbes   More From Forbes: http://forbes.com Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.