FTX Collapse


Opinion

The Sam Bankman-Fried Trial Is a Family Affair

For “SBF Trial,” read Sam, Bankman and Fried. As prosecutors attempt to claw back “misappropriated funds” from FTX, they say SBF’s parents, Joseph Bankman and Barbara Fried, played a key role in siphoning off assets and directing operations.

Sam Bankman-Fried, right, and his parents, Joe Bankman and Barbara Fried (Victor Chen/CoinDesk)

Policy

Sam Bankman-Fried’s Empire Was Crushed by This Infamous Balance Sheet. Here’s More of the Story

An Alameda balance sheet revealed just how fraught FTX’s situation was.

SBF Trial Newsletter Graphic

Policy

Stanford University Will Return 'Gifts' Donated by FTX: Report

FTX sued Joseph Bankman and Barbara Fried for misappropriating millions, including $5.5 million in donations to Stanford University.

Stanford University (Shutterstock)

Policy

Sam Bankman-Fried’s Dad Thought His Son Wasn’t Paying Him Enough, So He Got Mom Involved

The alleged dispute over Joe Bankman’s $200,000 FTX salary versus his desired $1 million points to an unusual family dynamic at the former cryptocurrency colossus.

Sam Bankman-Fried, right, and his parents, Joe Bankman and Barbara Fried (Victor Chen/CoinDesk)

Policy

FTX Bankruptcy Estate Sues Sam Bankman-Fried’s Parents, Joseph and Barbara, to Claw Back ‘Misappropriated Funds'

The filing, redacted in parts, asks the court to award the FTX estate damages, the return of any property given or payment made to the parents.

Sam Bankman-Fried's parents walking out of the court on Aug 11, 2023. (Victor Chen/CoinDesk)

Markets

FTX’s Crypto Liquidation Sales Unlikely to Cause Market Shock: Coinbase

The token sales won’t flood the market because liquidations are bound by volume limits, the report said.

FTX Logo

Policy

Judge Allows Bankrupt FTX to Sell Its Crypto Holdings, Including BTC and SOL

Lawyers of FTX had submitted a filing with the U.S. Bankruptcy Court for the District of Delaware, asking for permission to sell, stake and hedge its crypto holdings in order to pay back creditors.

John J Ray III took over as FTX CEO in November (House Committee on Financial Services)

Policy

DOJ 'Overreaching' in Trying to Block Sam Bankman-Fried's Proposed Witnesses, Defense Says

The DOJ, for its part, said the defense mischaracterized a proposed prosecution witness's planned testimony.

Sam Bankman-Fried  (Liz Napolitano/CoinDesk)