FTX founder Sam Bankman-Fried was found guilty on Thursday, of defrauding customers of his now-bankrupt cryptocurrency exchange.
The verdict cements the 31-year-old former billionaire's fall from grace, in one of the biggest financial frauds on record.
During the monthlong trial in a Manhattan federal court, prosecutors made the case that Bankman-Fried stole $8 billion from FTX customers out of sheer greed.
The 12-member jury reached the verdict after just over four hours of deliberations.
Bankman-Fried stood facing the jurors, hands clasped, as the verdict was read -- with his parents sitting in the courtroom's second row.
The jury convicted him on all counts: two charges of fraud and five of conspiracy.
This verdict came just shy of one year since FTX filed for bankruptcy, a swift corporate meltdown that shocked financial markets.
It also marks a major victory for a broader crackdown on white collar crime led by Manhattan's top federal prosecutor, Damian Williams.
Bankman-Fried will be sentenced March next year and could face decades in prison.
But the MIT graduate faces yet another criminal trial.
Prosecutors brought a second set of charges earlier this year, including for alleged foreign bribery and bank fraud conspiracies.