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OverviewAPI
Sam Bankman-Fried, the founder of FTX, has been convicted of fraud, exposing the dysfunctional nature of the crypto market. The trial highlights the credulousness of crypto investors and the problematic nature of financial intermediaries in the industry. The downfall of Bankman-Fried may have some benefits by preventing further growth of the crypto market and prompting regulators to establish safeguards.

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