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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 SBF was arrested in December 2022, and his bail was revoked due to alleged witness tampering.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.
« FTX a été piraté » : le désastre des Crypto s'aggrave alors que la bourse enregistre des sorties mystérieuses dépassant les 600 millions de dollars
Les responsables de FTX semblent avoir confirmé les rumeurs d'un piratage sur Telegram, demandant aux utilisateurs de supprimer les applications FTX et d'éviter son site Web.
Bitcoin Drops After FTX Bankruptcy Filing
Bitcoin (BTC) and other cryptocurrencies sharply fell on the news that troubled crypto exchange FTX is filing for bankruptcy and CEO Sam Bankman-Fried is resigning from the company. FTX US also froze crypto withdrawals, sending millions in assets to bankruptcy limbo. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Bitcoin Slides Below $17K After FTX Bankruptcy Filing
As bitcoin (BTC) continues to fall lower, CoinDesk Markets Managing Editor Brad Keoun and Regulatory Reporter Cheyenne Ligon discusses this week's crypto roller coaster following the implosion of FTX, as CEO Sam Bankman-Fried steps down. Where did it all go wrong, how is it different from other crypto blowups, and what does this mean for the future of the industry?
Sam Bankman-Fried’s Roommates in the Bahamas Ran His Crypto Empire – and Dated
A new CoinDesk report reveals that Sam Bankman-Fried and his roommates, who shared a luxury penthouse in the Bahamas, ran his now-struggling crypto exchange FTX and trading giant Alameda Research, while at times, dating each other. "The Hash" panel discusses the latest details behind FTX's operations.
The Case for DeFi Amid FTX Fallout
"The Hash" panel discusses the meltdown of Sam Bankman-Fried's crypto trading empire FTX and what the fallout means for the future of decentralization.
Sam Bankman-Fried Resigns as FTX Files for U.S. Bankruptcy Protections
Crypto exchange FTX filed for bankruptcy protection in the U.S. as CEO Sam Bankman-Fried also resigns from his role, but will "assist in an orderly transition." John Ray III is the new CEO. "The Hash" panel discusses the latest in the downfall of the FTX empire.
What FTX Filing For US Bankruptcy Protection Means For Crypto Markets
Sam Bankman-Fried has stepped down as CEO of crypto exchange FTX as the company files for Chapter 11 bankruptcy in the U.S. Forex.com Global Head of Research Matt Weller discusses FTX's downfall and what this means for bitcoin (BTC), altcoins, and the crypto industry at large.