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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 SBF was arrested in December 2022, and his bail was revoked due to alleged witness tampering.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.
Decentraland Founder Unveils Project of Bringing NFTs to 'Big-Time' Video Games
Decentraland co-founder Ari Meilich is teaming up with gaming industry heavyweights to launch Big Time Studios. Everyone from Ashton Kutcher to Sam Bankman-Fried is involved in the $10.3 million Series A round of funding.
Serum Token Becomes Latest Project in Bankman-Fried Empire to Turn Heads
FTX-backed serum has surged to an all-time high price.
Solana Bucked Bitcoin Sell-Off; Upstart Blockchain Challenges Ethereum on Speed, Fees
Solana's SOL tokens have jumped 17-fold in price this year, for a market capitalization over $8 billion.
Forbes List of Crypto Billionaires Led by Sam Bankman-Fried, Winklevoss Twins
Forbes is out with its annual World's Billionaires List. Among the big crypto names making the 2021 list are Sam Bankman-Fried, Michael Saylor and the Winklevoss twins. "The Hash" panel discusses who made the list, the globalization of crypto wealth and whether the world will see another wave of bitcoin billionaires.
Sam Bankman-Fried on FTX's Naming Rights for Miami Heat Arena, NFTs and Visa's Crypto Future
Bitcoin billionaire and FTX CEO Sam Bankman-Fried joins "First Mover" to discuss FTX's $135M deal to win the naming rights for the Miami Heat arena and how he thinks it will benefit FTX. Plus, his thoughts on DeFi, the NFT boom and Visa's decision to allow settlement transactions in stablecoin USDC.
FTX CEO Says Miami Heat Naming Rights Deal Is Partly Philanthropic
Sam Bankman-Fried wants to do good by doing well.
$80M Deal Gone Wrong: Alameda Research, Reef Finance Spar Over Unloaded Tokens
A scuttled deal between Sam Bankman-Fried’s Alameda Research and DeFi upstart Reef Finance offers an inside look at the wild world of OTC trading.
FTX in Talks to Sponsor Miami Heat's NBA Arena: Report
The talks are another sign that crypto is breaking into the mainstream in 2021.
CEOs of Coinbase, FTX and Binance Top Blockchain Billionaire's List
According to Hurun Report's 2020 ranking, there are 17 blockchain billionaires, 11 of whom were new additions in 2020.
Coinbase: DeFi Could Hurt Us and US Regulations Make It Hard to Fight Back
Caught between megabanks and food-branded DEXs, how does Coinbase compete?
