Who is Sam Bankman-fried?

But today, the 31-year-old founder of FTX is the poster child of everything that has gone wrong with cryptocurrencies — and he's facing the prospect of spending the rest of his life in prison. It's not just FTX's Sam Bankman-Fried. His parents also face legal trouble On Tuesday, Bankman-Fried's high-profile trial will get underway.

When is FTX founder Sam Bankman-fried's trial?

FTX founder Sam Bankman-Fried's trial is about to start. Here's what you need to know Former FTX CEO Sam Bankman-Fried arrives for a bail hearing at Manhattan Federal Court in New York City on Aug. 11, 2023. Bankman-Fried is set to start his blockbuster trial on Tuesday. It's expected to last about six weeks.

Where is John Bankman-fried now?

For more than a month, Bankman-Fried has been incarcerated in the Metropolitan Detention Center, a federal jail in Brooklyn, New York, as he awaits trial. Kaplan sent the former FTX CEO there after Bankman-Fried violated the terms of his bail.

What happens if Bankman-fried is convicted?

On Tuesday, Bankman-Fried's high-profile trial will get underway. Federal prosecutors have accused him of defrauding customers and investors, and charged him with money laundering. If he is convicted on all seven criminal counts, the former crypto executive could be sentenced to more than 100 years in prison.