Sam Bankman-Fried, a key figure in the world of cryptocurrency, was found guilty of seven counts of fraud and conspiracy on Thursday evening after a trial that involved 10 million pages of documents and only a few hours of jury deliberation. Perhaps it’s best to start from the beginning.

Bankman-Fried grew up in a family that didn’t celebrate birthdays or holidays, leading him to adopt a workaholic lifestyle. He often canceled obligations based on a cost-benefit analysis, and was disinterested in appearances, literature, and emotional decisions. The decision to have him testify in his trial seemed like a futile move. The jury saw him as a duplicitous adult, rather than the 31-year-old boy he appeared to be.

FTX, the cryptocurrency exchange he headed, had no CFO, human resources, compliance departments, or board of directors, but it did have a public-relations manager to arrange interviews that shaped Bankman-Fried’s public perception. He presented himself as an ungroomed radical utilitarian, who only cared about money to give it all away.

The prosecution accused him of insincerity and skilled self-promotion. They identified him as someone who shifted and repurposed other people’s assets for his own use. Unlike other investors who avoided the limelight, Bankman-Fried actively sought publicity.

Throughout this complex case, Bankman-Fried argued that any mistakes were unintentional, despite managing risk poorly. His upbringing and unique personality were revealed to have shaped his attitude towards risk. Now, he may have finally been forced to give it up.

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