crypto exchange executive bobby zagotta joins us with his reaction. e long on this one. does that surprise you? bobby: it doesn't, although i must confess i felt a sense of relief when i heard the verdict. it seemed quite obvious to me what the situation was. it seems like the prosecutors did an excellent job. you always worry just a little bit when you have someone who has proven their ability to deceive so many people and influence of any people that they will somehow find a way out. i was relieved that did not happen. matt: do you think the average man or woman on the street conflates the fraud committed here by sam bankman-fried with the crypto industry? bobby: unfortunately yes. i really like the way that the u.s. attorney mr. williams characterized it in the clip. this is a fraud. capital f. you have a bad actor who engaged in a number of criminal behaviors. he did so willingly, knowingly and took extra steps to keep it from being found out. it is unfortunate but it happens. there's a lot of examples as you know when the traditional banking marke