A bitcoin ATM is seen in Brooklyn, N.Y., on June 13, 2022. Virtual currencies like bitcoin are recovering from a tough period partly on rising hopes that bad actors have been weeded out and that confidence can return to the sector. Michael M. Santiago/Getty Images hide caption
Three of Sam Bankman-Fried's closest former associates have turned against him, and their testimony could help send the former FTX CEO to prison for life. Pictured from left to right are: Nishad Singh, Sam Bankman-Fried, Caroline Ellison, and Gary Wang. Stephanie Keith/Bloomberg via Getty Images; Michael M. Santiago/Getty Images hide caption
FTX founder Sam Bankman-Fried leaves the courthouse following his arraignment in New York City on Dec. 22, 2022. Bankman-Fried's trial just concluded its second week, with explosive testimony from former girlfriend Caroline Ellison. Ed Jones/AFP via Getty Images hide caption