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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 SBF was arrested in December 2022, and his bail was revoked due to alleged witness tampering.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.
Criminal Defense Attorney Reacts to Tornado Cash Indictment, SBF's Defense Strategy
Two Tornado Cash developers face allegations of money laundering and sanctions violations. Tully & Weiss Criminal Defense Attorney Joseph Tully discusses his reaction, drawing parallels to the legal considerations of Napster and Silk Road. Plus, what to make of the latest developments around Sam Bankman-Fried as the FTX founder settles on a defense strategy ahead of his criminal trial this October.
Sam Bankman-Fried’s Lawyers Given Green Light for Unlimited Prison Visits
The FTX founder's lawyers will visit him in prison to prepare their defense after a judge denied Bankman-Fried’s request to have daily meetings at his lawyers’ Manhattan office.
Sam Bankman-Fried's Defense Strategy; Binance.US Customers Now Have Access to MoonPay
“CoinDesk Daily” host Jennifer Sanasie dives into today’s hottest stories in crypto, as bitcoin hovers around $26,300 and XRP has lost nearly all its gains since the historic Ripple ruling. FTX founder Sam Bankman-Fried has settled on a legal strategy ahead of his criminal trial this October. The FBI is warning North Korean hackers could try to sell millions of dollars worth of bitcoin. And, Binance.US customers now have access to MoonPay.
Could Sam Bankman-Fried's 'Blame-the-Lawyers' Strategy Work?
Sam Bankman-Fried's defense team published a letter detailing a planned "advice of counsel" strategy, which argues that the FTX founder was acting in "good faith" in loaning funds to FTX and Alameda executives because he was following the advice of lawyers, including law firm Fenwick & West. "The Hash" panel weighs in on the latest developments in the case.
FTX Founder Sam Bankman-Fried Intends to Blame Fenwick & West Lawyers in His Defense
Sam Bankman-Fried intends to argue he was acting in "good faith" in loaning funds to FTX and Alameda executives, in setting Signal messages to auto-delete and in setting up a set of North American entities because he was following the advice of lawyers, including law firm Fenwick & West. CoinDesk's global policy and regulation managing editor Nikhilesh De discusses the latest developments and what happened inside the courtroom during Bankman-Fried's Tuesday arraignment.
FTX Founder Sam Bankman-Fried Intends to Blame Fenwick & West Lawyers in His Defense
Sam Bankman-Fried appeared in court Tuesday to plead not guilty to latest indictment.
Coinbase Gets a Stake in Circle; FTX's Sam Bankman-Fried Pleads Not Guilty, Again
“CoinDesk Daily” host Jennifer Sanasie dives into today’s hottest stories in crypto, as FTX founder Sam Bankman-Fried pleads not guilty to his latest indictment. The Wall Street Journal is out with a new report detailing Binance's legal risks over Russia. And, Coinbase buys a minority stake in stablecoin issuer Circle Internet Financial.
FTX's Sam Bankman-Fried Latest Court Appearance an 'Interesting Peek' After Being Jailed: Legal Expert
Renato Mariotti, Bryan Cave Leighton Paisner LLP partner, weighs in on FTX founder Sam Bankman-Fried facing arraignment yet again in a New York Court on Tuesday. "This is going to be an interesting peek at Sam Bankman-Fried after he's been in prison, remember that he was repeatedly violating his conditions of release," Mariotti said.
FTX's Sam Bankman-Fried Is the 'Problem,' Not His Lawyers: Former Federal Prosecutor
FTX founder Sam Bankman-Fried is back in court on Tuesday, getting arraigned on the most recent version of his indictment. Renato Mariotti, Bryan Cave Leighton Paisner LLP partner and former federal prosecutor, discusses what to make of the latest developments. The problem is "not the lawyers, it's Sam Bankman-Fried," Mariotti said.
Sam Bankman-Fried Pleads Not Guilty to Latest Indictment
Bankman-Fried's attorney later deplored Bankman-Fried's lack of vegan options in prison, saying he was "subsisting on a diet of bread and water" during the hearing.
