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OverviewAPI
Former crypto titan Sam Bankman-Fried is convicted of fraud and conspiracy, marking one of the biggest financial frauds in American history. The rise and fall of FTX reflects a broader tale about the sudden mania around a new type of financial system designed to circumvent regulatory guardrails. Efforts to bring more order to digital-asset markets through legislation have been stalled in the US Congress, leaving regulators to police the industry based on existing laws.

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