It took just four hours for a jury to find fallen 'crypto king' Sam Bankman-Fried guilty of fraud. The 31-year-old has been convicted of stealing billions of dollars from customers of FTX, which was the world's second-largest crypto exchange before its dramatic collapse last year. To this day, FTX users - at least 80,000 of them in the UK - remain out of pocket as the company's new management scrambles to figure out where the money went.
US President Joe Biden came under pressure to return millions of dollars donated by Bankman-Fried for his presidential campaign. A coterie of top celebrities - including Larry David and Naomi Osaka - are facing lawsuits after endorsing FTX in high-profile adverts. Taylor Swift almost got caught up in the debacle, but thankfully for her, a $100m sponsorship deal was pulled at the last minute.