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 SBF was arrested in December 2022, and his bail was revoked due to alleged witness tampering.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.

정책

Sam Bankman-Fried’s Terrible, Horrible, No Good, Very Bad Day

The FTX founder and accused fraudster was lucky the jury wasn’t there to hear his cross-examination Thursday during an unusual procedural hearing in the criminal case.

작성자 Danny Nelson, Nikhilesh De2023년 10월 27일

팟캐스트

SBF TRIAL Podcast 10/26: Sam Bankman-Fried Will Testify In His Own Criminal Trial Today

작성자 CoinDesk2023년 10월 26일

SBF TRIAL Podcast 11/03: Sam Bankman-Fried Guilty on All 7 Counts in FTX Fraud Trial

비디오

Sam Bankman-Fried Will Take the Stand; Deutsche Bank Tests a SWIFT Alternative for Stablecoins

"CoinDesk Daily" host Jennifer Sanasie breaks down the hottest stories shaping the crypto industry today, including bitcoin's price action after a better-than-expected U.S. GDP report. Sam Bankman-Fried will take the stand in his own defense, which could happen as soon as Thursday. Deutsche Bank and Standard Chartered Ventures are testing a SWIFT alternative for stablecoins and CBDCs. Plus, JPMorgan’s digital token reportedly handles $1 billion worth of transactions a day.

2023년 10월 26일

비디오

Sam Bankman-Fried Taking the Stand Depends on His 'Personality,' Lawyer Says

FTX founder Sam Bankman-Fried is set to testify in his criminal trial, a direct appeal to jurors in his bid to prove he did not intend to defraud investors. Lowenstein Sandler LLP partner Rachel Maimin, who specializes in white-collar criminal defense, discusses the potential outcomes. "I think 90% of this is about personality and humanizing him, as opposed to substance," Maimin said.

2023년 10월 26일

비디오

Sam Bankman-Fried's Cross-Examination Will be 'Brutal,' Lawyer Predicts

Sam Bankman-Fried will take the stand in his own defense, which could happen as soon as Thursday. Lowenstein Sandler LLP partner Rachel Maimin, who specializes in white-collar criminal defense, discusses what to expect from the FTX founder's testimony and whether previous tweets and interviews be used against him.

2023년 10월 26일

정책

Sam Bankman-Fried's Jurors Were Sent Home for the Day, but His Debut on the Stand Was Significant Anyway

Even though jurors weren't there to hear the former crypto mogul, the ex-FTX CEO's first appearance on the witness stand was still remarkable.

작성자 Nikhilesh De, Helene Braun, Elizabeth Napolitano, Sam Kessler2023년 10월 26일

Despite claims by right-wing political figures, Sam Bankman-Fried was definitely not a free man when he (right) exited a Manhattan courtroom on July 26, 2023. (Nikhilesh De/CoinDesk)

정책

Sam Bankman-Fried Testifies: What Will He Reveal Under Oath About FTX's Collapse?

Bankman-Fried will testify about FTX's collapse. But he's got a lot he'll need to push back on.

작성자 Danny Nelson, Nikhilesh De2023년 10월 26일

정책

Sam Bankman-Fried May Testify to Role of Lawyers, 'Good Faith' Efforts, Filing Says

Wednesday filings by Bankman-Fried's defense team and the DOJ hint at his possible defense arguments.

작성자 Nikhilesh De2023년 10월 26일

Sam Bankman-Fried leaving court on Feb. 16, 2023 (Liz Napolitano/CoinDesk)

비디오

Sam Bankman-Fried Will Testify; Crypto Wallet Maker Ledger Officially Rolls Out 'Recover'

"CoinDesk Daily" host Jennifer Sanasie breaks down the hottest stories shaping the crypto industry today, including FTX founder Sam Bankman-Fried deciding to testify in his criminal trial. Wallet maker Ledger's "Recover" option is now live, prompting new criticism from some unimpressed crypto users. Plus, crypto withdrawals on Binance are back online after a temporary outage.

2023년 10월 25일

정책

Judge Denies Sam Bankman-Fried's Bid to Highlight 'Inconsistent Statements' by FTX Insiders Gary Wang, Nishad Singh

The duo testified at SBF's trial.

작성자 Nikhilesh De2023년 10월 25일

Nishad Singh, left, exits a federal courthouse after testifying on Oct. 16, 2023 (Nikhilesh De/CoinDesk)