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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 SBF was arrested in December 2022, and his bail was revoked due to alleged witness tampering.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.
Anthony Scaramucci on FTX Collapse: Sam Bankman-Fried Was Somewhat Delusional
Former FTX CEO Sam Bankman-Fried launched a Substack defending himself amid the allegations of criminal behavior at FTX. Skybridge Capital Founder Anthony Scaramucci comments on SBF's newsletter, calling him "somewhat delusional about what he's writing." Plus, his take on whether there's hope in saving FTX.
Anthony Scaramucci on FTX Fallout, DCG Troubles, Bullish Bitcoin Outlook
Skybridge Capital Founder Anthony Scaramucci, joining "First Mover" live from the World Economic Forum in Davos, Switzerland, discusses the collapse of crypto exchange FTX, its impact on Skybridge Capital, and its continuing domino effects, including crypto conglomerate Digital Currency Group's (DCG) decision to suspend dividends amid distress at DCG's lending unit, Genesis. Plus, Scaramucci's relationship with Sam Bankman-Fried, and why he remains bullish on bitcoin. DCG is the parent company of CoinDesk.
1 in 3 US Congress Members Took FTX Cash
A new analysis from CoinDesk reveals 196 lawmakers took cash from Sam Bankman-Fried or other senior executives at FTX. CoinDesk Deputy Managing Editor for Global Policy and Regulation Jesse Hamilton discusses the details of the report and how this could impact the future of crypto legislation.
1 in 3 Members of U.S. Congress Received Cash From FTX Execs
CoinDesk has identified 196 members, or a third of the new Congress – many of whom were just sworn in last week – who had campaigns funded by former FTX CEO Sam Bankman-Fried and other senior executives. "The Hash" panel discusses the relations between crypto lobbying and crypto regulations.
Anthony Scaramucci Invests In Former FTX.US President's New Venture
As first reported by Bloomberg, SkyBridge Capital founder Anthony Scaramucci is investing his personal funds in a firm set up by Brett Harrison, the former president of FTX.US. Scaramucci confirmed his investment on Twitter over the weekend. "The Hash" hosts discuss the industry implications and Harrison's latest public remarks about former FTX CEO Sam Bankman-Fried.
Is Sam Bankman-Fried Losing His Mind?
The alleged fraudster's latest blog post shows a man completely divorced from reality.
Judge Allows FTX to Sell LedgerX, Japanese Units; Media Outlets Seek To Know Who Bailed Out Sam Bankman-Fried
A Delaware bankruptcy judge ruled Thursday that FTX can put four key units, including derivatives arm LedgerX and stock-clearing platform Embed, up for sale. Meanwhile, major media groups have taken legal action to reveal the identities of the two non-parental parties who co-signed Sam Bankman-Fried's $250 million bail bond. "The Hash" panel weighs in.
Crypto Bankruptcies Are Very Complicated
The FTX, Voyager, Celsius and BlockFi bankruptcy proceedings are proving how complicated they really are.
Bloomberg, WSJ, CoinDesk Among the Media Outlets Seeking to Know Who Bailed Out Sam Bankman-Fried
Lawyers for the former CEO of failed crypto exchange FTX requested and were granted anonymity for two parties who backed the $250 million bond that sprung Bankman-Fried from jail.
