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 SBF was arrested in December 2022, and his bail was revoked due to alleged witness tampering.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.


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Sam Bankman-Fried's $250M Bond Is a 'Joke': Securities Lawyer

A federal judge ruled the names of Sam Bankman-Fried's bond co-signers should be revealed after Bankman-Fried did not apply to the appeals court. The signers were revealed to be Stanford University's Andreas Paepcke and Larry Kramer, who put up $200,000 and $500,000, respectively. Securities lawyer James Murphy weighs in on the latest developments and why he thinks Bankman-Fried's $250 million bond is a "joke."

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Stanford Research Director, Former Dean Identified as Sam Bankman-Fried's Bond Signers

A Stanford University senior research scientist and former Stanford Law School dean were revealed to be Sam Bankman-Fried's bond co-signers, in addition to his parents. Securities lawyer James Murphy, also known as "MetaLawMan" on Twitter, joins "First Mover" to discuss the details and implications of the latest legal developments around bankrupt crypto exchange FTX and its former CEO Sam Bankman-Fried.

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Bankman-Fried's Bond Co-Signers Identified, Bitcoin Foundation Founder Reacts

Charlie Shrem, Bitcoin Foundation founder and "The Charlie Shrem" show host, shares his reaction to Sam Bankman-Fried’s bond co-signers being revealed. Andreas Paepcke and Larry Kramer put up $200,000 and $500,000, respectively. Paepcke is a senior research scientist while Kramer is a former dean of Stanford Law School. "I can't believe it. I'm so surprised," Shrem said. 

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Bitcoin Foundation Founder on Future of Bitcoin

Bitcoin Foundation Founder and "The Charlie Shrem" show host Charlie Shrem discusses his crypto journey and the outlook for the Bitcoin Network as activity on the blockchain hit a two-year high, according to a report by CryptoQuant. Plus, his reaction to the latest developments regarding Sam Bankman-Fried's legal proceedings.

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Sam Bankman-Fried's Bond Co-Signers Revealed; Bitcoin Hashrate Hits 300 EH/s Mark

Stanford University's Andreas Paepcke and Larry Kramer were revealed to be former FTX CEO Sam Bankman-Fried's bond co-signers. Bankman-Fried's parents are both Stanford instructors. Paepcke is a senior research scientist while Kramer is a former dean of Stanford Law School. Separately, computing power on the bitcoin network, or hashrate, reached 300.65 exahash per second (EH/s) Wednesday as miners got some breathing room amid a bitcoin price rebound and a decline in energy prices.

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FTX Aims to Claw Back $400M From a JPMorgan Account: Report

FTX company insiders, including Sam Bankman-Fried, former Alameda CEO Caroline Ellison, Bankman-Fried's father Joseph Bankman, Gary Wang and Nishad Singh have been served subpoenas by bankruptcy administrators. This comes as FTX's new leadership is trying to claw back $400 million from a little-known hedge fund investment, according to a report from the New York Times. CoinDesk regulatory reporter Amitoj Singh weighs in on the latest FTX developments.

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Marchés

Sam Bankman-Fried, Caroline Ellison et d'autres dirigeants de l'entreprise assignés à comparaître par FTX pour des documents

Les assignations à comparaître interviennent après qu'un juge américain supervisant les procédures de faillite a donné le feu vert au Comité officiel des créanciers non garantis de FTX et à ses dirigeants pour servir les initiés.

Sam Bankman-Fried outside U.S. District Court on Feb. 9, 2023 (Liz Napolitano/CoinDesk)

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SBF's Super Bowl VPN Use Sparks Government Concern

Sam Bankman-Fried, founder of collapsed crypto exchange FTX, has been using a virtual private network (VPN) to access the internet, potentially prompting a further clampdown on his bail conditions, according to the U.S. prosecutors. In a response dated Feb. 14, Bankman-Fried’s attorney Mark Cohen said he had the VPN to watch playoffs in the National Football League (NFL), and the Super Bowl, via an international subscription. "The Hash" panel discusses the latest from SBF and the implications of FTX's bankruptcy process.

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Attorney Behind Lawsuit Against FTX Weighs In on Celebrity Endorsements

The Moskowitz Law Firm Managing Partner Adam Moskowitz explains why his firm is turning its attention to celebrity promoters of bankrupt crypto exchange FTX, saying, "these are no brainer cases." CoinDesk reached out for comment to Sam Bankman-Fried, along with Latham & Watkins, the firm which represents FTX celebrity endorsers, including Tom Brady and Larry David, and did not hear back.

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Kraken Agreed to Shutter Crypto-Staking Operations To Settle SEC Charges: Source; Sam Bankman-Fried Developments

Kraken has agreed to shut its cryptocurrency-staking operations to settle charges with the U.S. Securities and Exchange Commission (SEC), according to an industry source briefed on the matter. Plus, at a hearing in New York on Thursday, Judge Lewis Kaplan indicated that he was concerned about Sam Bankman-Fried’s ability to hide or delete his communications.

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