FTX founder Sam Bankman-Fried was found guilty on Thursday of defrauding customers of his now-bankrupt cryptocurrency exchange in one of the biggest financial frauds on record, a verdict that cemented the 31-year-old former billionaire's fall from grace.

With the recent rise of smishing, vishing and many kinds of frauds, many victims have fallen prey to scams resulting in many losing large sums of money from their bank accounts.