FTX Collapse


Markets

SOL Drops 5% as FTX Estate Transfers Tokens to Binance, Kraken

The $30 million transfer takes the total SOL moved to exchanges to $102 million, the most out of any liquid asset, while the token's price is near the highest in a year.

Then-CEO of FTX Sam Bankman-Fried and CEO of Solana Labs Anatoly Yakovenko (Danny Nelson/CoinDesk)

Policy

Sam Bankman-Fried Prosecutor Promises 'Handcuffs for All' Crypto Crooks

Damian Williams, the U.S. attorney for the powerful Southern District of New York, set an ominous warning following the conviction of former crypto kingpin Bankman-Fried.

Damian Williams and the SBF prosecutor team (Danny Nelson/CoinDesk)

Policy

Sam Bankman-Fried Guilty on All 7 Counts in FTX Fraud Trial

A tentative sentencing date was set for March 28, 2024. Bankman-Fried could spend decades in prison and potentially up to 115 years.

Sam Bankman-Fried (Nikhilesh De/CoinDesk)

Policy

Sam Bankman-Fried Lambasted by Prosecutor Right Before Jurors Began Deciding His Fate: SBF Thought 'He Could Fool the World'

A verdict in the SBF trial could come before the end of Thursday – on the first anniversary of the CoinDesk scoop that caused his empire to crumble.

Sam Bankman-Fried leaves his arraignment and bail hearing on Dec. 22, 2022, in New York City. (David Dee Delgado/Getty Images)

Finance

A Year After Sam Bankman-Fried's Downfall, Solana and Other FTX Holdings Are Flying High

The FTX founder's downfall began on Nov. 2, 2022 – a year ago Thursday – when CoinDesk published a big scoop. Jurors are poised to begin deliberating his fate on the anniversary of that story, at a time when the SOL tokens FTX owns just got $1 billion more valuable.

FTX logo (Adobe Firefly)

Policy

Sam Bankman-Fried on Verge of Tears as His Lawyer Concludes Defense

The alleged fraudster and ex-FTX CEO acted "in good faith," Bankman-Fried's attorney said in an emotional closing argument.

Trial of Sam Bankman-Fried (Danny Nelson/CoinDesk)