FTX founder Sam Bankman-Fried has been found guilty of defrauding customers of his now-bankrupt cryptocurrency exchange in one of the biggest financial frauds on record.

A 12-member jury in Manhattan federal court convicted him after a month-long trial in which prosecutors made the case that he stole $US8 billion ($12.4 billion) from the exchange’s customers out of sheer greed.

The verdict came just shy of one year after FTX filed for bankruptcy in a swift corporate meltdown that shocked financial markets and erased his estimated $US26 billion personal fortune.

The 31-year-old former billionaire had pleaded not guilty to two counts of fraud and five counts of conspiracy.

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