Sam Bankman-Fried

Sam Bankman-Fried, once a pivotal figure in the cryptocurrency industry, was convicted in November 2023 of committing fraud and conspiracy for stealing billions of dollars of money belonging to customers of his FTX crypto exchange, funneling the money to Alameda Research, his hedge fund. FTX had been one of the largest cryptocurrency exchanges before its demise, a major player in derivatives trading including perpetual futures. The company's undoing was spurred by a CoinDesk scoop in November 2022 showing Alameda's balance sheet was mysteriously full of the FTT token issued by FTX – calling into question both Alameda and FTX's financial stability. The Bahamas-based company filed for bankruptcy nine days after the story. Before his downfall, SBF (as the former billionaire is commonly known as) had been a leading figure in crypto, pushing for regulation of the industry in the U.S. He was a major political donor and the public face of effective altruism, a movement geared toward maximizing the amount of good done by philanthropy. SBF was arrested in December 2022, and his bail was revoked due to alleged witness tampering. His trial began in October 2023, and he was convicted on Nov. 2, 2023, a year to the day after the CoinDesk story that caused his crypto empire to crumble.


Juridique

Sam Bankman-Fried peut interroger les témoins du ministère de la Justice sur leur consommation de drogue

Le juge en charge du dossier du fondateur de FTX a examiné mardi certaines requêtes préliminaires.

FTX's Sam Bankman-Fried exiting a federal courthouse in New York last year. (Nikhilesh De/CoinDesk)

Vidéos

Crypto Influencer Ben Armstrong Released on Bail; Coinbase Registers With Spain's Central Bank

"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest crypto headlines today, including a report finding crypto funds could have assets of as much as $650 billion within five years. Coinbase registers with the central bank of Spain. Crypto influencer Ben Armstrong was released on bail after an apparent confrontation with his former business partner. And, Sam Bankman-Fried renews a request for temporary release from jail during his trial.

Recent Videos

Vidéos

FTX Founder Sam Bankman-Fried Refiles for Temporary Release Ahead of Trial

Lawyers for Sam Bankman-Fried filed another letter late Monday to the Judge overseeing the case, hoping to once again request for the FTX founder's temporary release from prison before the trial starts on Oct. 3. CoinDesk's global policy and regulation managing editor Nikhilesh De discusses the arguments and terms of the letter. Plus, insights on whether Bankman-Fried could get a 115-year prison sentence based on his charges.

Recent Videos

Juridique

Surpeuplé, sans chauffage, peu de lumière : dans les locaux de la prison de SBF

L'ancien PDG qui a fondé FTX, Sam Bankman-Fried, ne passe probablement pas un bon moment en attendant son procès pénal devant un tribunal fédéral.

SBF Trial Newsletter Graphic

Juridique

Sam Bankman-Fried dépose une nouvelle demande de mise en liberté provisoire avant le procès

Les demandes de libération de prison du fondateur de FTX ont commencé en août, lorsque sa libération sous BOND a été révoquée.

SBF Trial Feature image