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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 SBF was arrested in December 2022, and his bail was revoked due to alleged witness tampering.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.
Rep. French Hill on Congress' FTX Problem
More than one in three of the 535 senators and representatives in the U.S. Congress received direct contributions from Sam Bankman-Fried and other former FTX executives. What does this mean for how Congress will approach crypto this year? Rep. French Hill (R-Arkansas) weighs in on the importance of transparency.
At World Economic Forum This Year, Panels Debated Blockchain 'Case Studies'
In efforts to avoid association with the FTX collapse, conversations shifted away from "crypto" and more to specific applications of the underlying blockchain technology.
Impact of Sam Bankman-Fried's Latest Online Posts on FTX Bankruptcy Proceedings
CoinDesk regulation reporter Cheyenne Ligon discusses FTX founder Sam Bankman-Fried's recent online posts and why they should not be "taken seriously."
Sullivan & Cromwell To Continue Representing FTX in Bankruptcy Proceedings Despite Controversy
A bankruptcy court judge in Delaware has given New York law firm Sullivan & Cromwell the green light to continue representing FTX during its bankruptcy proceedings. CoinDesk regulation reporter Cheyenne Ligon discusses the recent controversy about the white-shoe law firm's potential conflicts of interest. Plus, the latest on FTX founder Sam Bankman-Fried's recent online posts.
US Lays Claim to $700M of Assets Linked to Bankman-Fried, FTX
The U.S. and is now seeking their forfeiture.
World Leaders Warmed to Blockchain at Davos This Year, Despite Crypto Winter
Crypto advertising has dropped at Davos in 2023, but discussions and panels from industry leaders are in full swing.
Sam Bankman-Fried Again Defends FTX US, Saying It 'Was and Is Solvent'
In a new Substack post on Tuesday, former FTX CEO Sam Bankman-Fried reiterated his claims that FTX US "was and is solvent." "The Hash" panel discusses the latest from the fallen crypto entrepreneur who faces trial on fraud charges.
Anthony Scaramucci Reacts to DCG Suspending Dividends
Skybridge Capital Founder Anthony Scaramucci discusses his take on cryptocurrency conglomerate Digital Currency Group (DCG), informing its shareholders that the firm is suspending dividends until further notice. DCG is the parent company of CoinDesk.
Anthony Scaramucci on Backing Former FTX.US President's New Venture
Anthony Scaramucci, founder of Skybridge Capital and the SALT conference, discusses why he's investing his personal funds in a firm set up by former FTX.US president Brett Harrison. "This is from my personal money into Brett Harrison's business," The Mooch said. "I think he got blindsided by FTX international situation."
Anthony Scaramucci on the Rise and Fall of FTX's Sam Bankman-Fried
SALT Founder and Chairman Anthony Scaramucci discusses his relationship with Sam Bankman-Fried and recovering from the collapse of FTX. Plus, why the crypto industry should learn from history repeating itself.