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 SBF was arrested in December 2022, and his bail was revoked due to alleged witness tampering.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

Vídeos

Former FTX Exec Nishad Singh Met with Prosecutors: Report

Nishad Singh, FTX’s former director of engineering, is said to be engaging with the U.S. Attorney’s Office in the Southern District of New York, according to a Bloomberg report. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses what this could mean for Sam Bankman-Fried's legal proceedings and what to expect from FTX's upcoming bankruptcy hearing.

10 ene 2023

Mercados

First Mover Americas: DCG Reportedly Probed for Genesis Transfers

The latest price moves in crypto markets in context for Jan. 9, 2023.

Por Lyllah Ledesma, Omkar Godbole9 ene 2023

Barry Silbert. CEO y fundador de Digital Currency Group.

Regulación

Robinhood Shares Worth Nearly $500M Seized in FTX Case

The stock was owned – via a holding company – by Sam Bankman-Fried and FTX co-founder Gary Wang.

Por Camomile Shumba9 ene 2023

FTX founder Sam Bankman-Fried has plead not guilty to eight criminal charges. (David Dee Delgado/Getty Images)

Podcasts

The Drama of It All: A Look Back at 2022 and a Peek Into the Year to Come

Por Sheila Warren, Michael J. Casey6 ene 2023

Money Reimagined Digital Money Stage at Consensus 2022

Mercados

First Mover Americas: Sam's Seeking to Keep Control of Robinhood Shares

The latest price moves in crypto markets in context for Jan. 6, 2023.

Por Lyllah Ledesma, Omkar Godbole6 ene 2023

FTX founder Sam Bankman-Fried after returning to court In the Bahamas (Joe Raedle/Getty Images)

Opinión

Anyone Who Took Money From FTX Ought to Repay It

It was never Sam Bankman-Fried's to spend.

Por Daniel Kuhn5 ene 2023

AI Artwork SBM Sam Bankman-Fried (DALL-E/CoinDesk)

Regulación

Bankman-Fried’s Alameda Research Joins Chorus Objecting to Binance Voyager Buy

The U.S. Securities and Exchange Commission and Texas regulators have also opposed the $1 billion deal.

Por Jack Schickler5 ene 2023

FTX founder Sam Bankman-Fried being extradited back to the United States from the Bahamas (Royal Bahamas Police Force)

Regulación

Ex-FTX Lawyer Cooperated With US Prosecutors, Reuters Reports, Citing Source

Former FTX lawyer Daniel Friedberg provided information on FTX at a meeting on Nov. 22 with the U.S. Justice Department, FBI and the SEC, the person said.

Por Greg Ahlstrand5 ene 2023

El fundador de FTX, Sam Bankman-Fried, se declaró “no culpable” de ocho cargos en un tribunal federal. (Michael M. Santiago/Getty Images)

Finanzas

Sam Bankman-Fried Faces ‘Tough Road,’ Legal Expert Says

It's going to be an uphill legal battle for the former FTX CEO, who pleaded not guilty to eight counts of criminal charges on Tuesday.

Por Fran Velasquez4 ene 2023

Opinión

Who Are Sam Bankman-Fried's Politically Connected 'Wealthy Co-Conspirators'?

The FTX founder is accused of violating campaign financing laws by making illegal campaign contributions totaling “tens of millions of dollars" through "straw donors."

Por James A. Murphy4 ene 2023

U.S. Attorney Damian Williams announcing the Department of Justice's charges against Sam Bankman-Fried (Stephanie Keith/Getty Images)