FXT TOKEN (FTT) crashes after SBF was found guilty

• The FTX token (FTT) crashes to $ 1.1579 after the fraud judgment of the founder SBF.
• SBF was found guilty after a 15-day procedure in all seven charges.
• The conviction of Sam Bankman-Fried is planned for March 28, 2024.

The price of the FXT token (FTT) has suffered a difficult blow and has fallen at the lowest level of the year at $ 1.1579, which corresponds to a decrease of 8 %

fxt-token-price diagram

This clear decline is due to the guilty verdict against Sam Bankman-Fried (SBF), the founder of FTX, which was once one of the leading cryptocurrency exchanges.

judgment of Sam Bankman-Fried

The main trigger for this recent decline is the result of the SBF process, in which it was found guilty in seven charges in connection with fraud and conspiracy. These allegations include conspiracy to inspect transfer fraud, political fraud and more.