Beleaguered cryptocurrency king and FTX founder Sam Bankman-Fried was convicted on seven counts in his fraud trial in New York Thursday, ending a storied ascent that brought in millions in political donations and sparked criminal probes across agencies when FTX collapsed.

Bankman-Fried was convicted of charges including wire fraud and conspiracy to commit securities fraud in his case tried in the Southern District of New York. The jury reportedly deliberated for just over four hours.

Bankman-Fried faced several charges over allegations that he defrauded his customers and investors of billions of dollars in a scheme that prosecutors have called “one of the biggest financial frauds in American history.”

Following the collapse of FTX last year, Bankman-Fried was arrested in the Bahamas in December 2022.

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