Sam Bankman-Fried

Former FTX CEO Sam Bankman-Fried discussed the collapse of his crypto exchange in a live interview with The New York Times during its annual DealBook Summit. Bankman-Fried also spoke to several other media outlets including New York Magazine. "The Hash" panel discusses his media tour and the key takeaways.

1 dec 2022

In a highly anticipated interview at The New York Times' DealBook Summit, former FTX CEO Sam Bankman-Fried expressed regret over his exchange's collapse, but clung to the narrative that it was a bet gone wrong. "First Mover" hosts Christine Lee, Emily Parker and Lawrence Lewitinn weigh in.

1 dec 2022

Former FTX CEO Sam Bankman-Fried apologized for the collapse of his crypto exchange in an anticipated interview with The New York Times, but distanced himself from Alameda Research. "I wasn’t running Alameda. I didn’t know exactly what was going on. I didn’t know the size of their position," Bankman-Fried said. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the takeaways from the interview.

1 dec 2022

Crypto lender BlockFi has about $355 million in crypto frozen on FTX. Sam Bankman-Fried addresses Bahamian FTX withdrawals and the collapse of his crypto exchange in a newly released audio interview from Tiffany Fong. Coinbase Wallet will no longer support the native tokens associated with Bitcoin Cash (BCH), Ethereum Classic (ETC) and others, effective Dec. 5.

29 nov 2022

Cryptocurrency lender BlockFi, which filed for Chapter 11 bankruptcy protection on Monday, on the same day sued FTX founder Sam Bankman-Fried's Emergent Fidelity Technologies holding company for Robinhood Markets (HOOD) shares held by the company and pledged to BlockFi as collateral, the Financial Times reported, citing loan documents it had seen. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De dicusses the latest developments.

29 nov 2022

Over a dozen users of the crypto trading service 3Commas, which was backed by Sam Bankman-Fried’s Alameda Research, say the platform leaked their credentials and enabled attackers to run away with over $6 million in user funds. CoinDesk Tech Reporter Sam Kessler explains what exactly happened and why conflicting statements from 3Commas have invited more questions than answers.

28 nov 2022

Elizabeth Warren (D-Mass.) and Sheldon Whitehouse (D-R.I.) said in a letter to Attorney General Merrick Garland they want Sam Bankman-Fried and others investigated for FTX's collapse. Plus, a crypto wallet linked to the failed BTC-e exchange sent a total of 10,000 bitcoins to two unidentified recipients, its largest transaction since August 2017.

23 nov 2022

Binance.US is stepping into national politics with its own political action committee (PAC), the Binance.US Innovation PAC. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses what this means for crypto's role in politics as FTX and its former CEO Sam Bankman-Fried vanish from U.S. policy circles.

23 nov 2022

FTX’s former CEO Sam Bankman-Fried apologized to the crypto exchange’s employees and revealed the amount of leverage in an internal letter. "I froze up in the face of pressure,” Bankman-Fried wrote. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De breaks down the contents of the letter.

23 nov 2022

Sam Bankman-Fried's FTX empire has $1.2 billion in cash as of Nov. 20, far below the $3.1 billion it owes its top 50 creditors. Fidelity should reconsider allowing retail clients exposure to bitcoin in their retirement accounts in light of the FTX collapse, said three Democratic senators in a letter on Monday. Bitcoin miner Core Scientific (CORZ) ended October with $32.2 million in cash and 62 BTC ($975,000), reiterating it may run out of money before the end of the year.

22 nov 2022