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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 SBF was arrested in December 2022, and his bail was revoked due to alleged witness tampering.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.
Sam Bankman-Fried's Impact on the Bahamas
Prime Minster of the Bahamas, Philip Davis, explains at Consensus 2023 why he does not regret that disgraced FTX founder Sam Bankman-Fried worked in the Bahamas.
Scaramucci Recounts Harrowing Final Days of FTX, Visit to Bahamas to See Sam Bankman-Fried
The SkyBridge founder walked in on a “war room” when he traveled to talk face-to-face with the now-disgraced Bankman-Fried as the exchange unraveled.
Bahamian Prime Minister Doesn’t Regret FTX
Philip Davis says the country is “open for business” for legitimate digital-assets companies.
Veteran Crypto Reporter Brady Dale Discusses New FTX Book
The former CoinDesker has written an account of Sam Bankman-Fried's downfall, and longevity of decentralized finance.
Bahamas Seeks to Tighten Its Crypto Laws Following FTX Collapse
The crypto exchange's headquarters was in the island nation.
Taylor Swift Shirked $100M FTX Sponsorship Deal, Lawyer Says
Taylor Swift dodged signing a $100 million sponsorship deal with Sam Bankman-Fried's FTX and was the only celebrity to question the crypto exchange, according to Adam Moskowitz, the lawyer overseeing a class-action lawsuit against some of FTX's celebrity endorsers. Moskowitz appeared on The Block's podcast "The Scoop" to discuss the lawsuit. "The Hash" panel discusses the latest in the ongoing FTX saga.
Shaquille O'Neal Finally Served FTX Lawsuit, Lawyers Say
Legendary basketball player Shaquille O'Neal has finally been served in a class-action lawsuit against FTX founder Sam Bankman-Fried, a law firm for the plaintiffs tweeted on Sunday. "The Hash" panel discusses the latest fallout from FTX's collapse and lawsuits against celebrity endorsers.
FTX’s Bankruptcy Lawyers: ‘The Dumpster Fire Is Out’
At a hearing on Wednesday, lawyers for the now-defunct exchange described it as a “digital Potemkin village” run by former CEO Sam Bankman-Fried.
Former FTX US President Quit After ‘Protracted Disagreement’ With Bankman-Fried: Report
A new report from the failed crypto exchange FTX’s current leadership says that former FTX US President Brett Harrison resigned last September partly because of a “protracted disagreement” with CEO Sam Bankman-Fried and members of his inner circle. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses the latest.
Former FTX US President Reportedly Quit After ‘Protracted Disagreement’ With Bankman-Fried
A new 45-page report detailing accounting failures at the failed crypto exchange says that at one point employees were instructed by an unnamed higher-up to “come up with some numbers? Idk.”
