Once hailed as America’s crypto king, FTX’s Sam Bankman-Fried on Tuesday (Oct 3) will stand trial for allegedly masterminding one of the biggest financial frauds in the history of the country.

US: Disgraced FTX founder Sam Bankman-Fried goes on trial Tuesday

Another company owned by disgraced cryptocurrency moghul Sam Bankman-Fried filed for bankruptcy on Friday, February 3. Emergent Fidelity Technologies, an offshore company that owns 55 million shares of stock and cryptocurrency trading entity Robinhood, failed to honour its financial obligations and thus filed for bankruptcy.

FTX founder Sam Bankman-Fried entity with ‘Robinhood’ credentials, files for bankruptcy

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US: Disgraced FTX founder Sam Bankman-Fried goes on trial Tuesday

FTX founder Sam Bankman-Fried entity with ‘Robinhood’ credentials, files for bankruptcy