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 SBF was arrested in December 2022, and his bail was revoked due to alleged witness tampering.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 Won’t Contest US Extradition: Reports
The change of heart suggests the founder of the crypto exchange founder could leave his notorious Bahamas jail.
The Faulty Moral Universe of Sam Bankman-Fried
The FTX CEO's legal-scholar mother believed personal responsibility was an outdated concept. Did those ideas create a monster?
Media Groups Win Right to Argue for Publication of FTX’s Million-Strong Creditor List
A final decision on whether to publish the names, which the collapsed crypto exchange says could advantage competitors and breach privacy laws, will follow in January.
Bitcoin Levels to Watch Amid SBF Arrest, FTX Fraud Charges
Wave Financial CEO David Siemer discusses his outlook for bitcoin and the wider crypto markets as FTX founder Sam Bankman-Fried faces criminal charges from multiple authorities, and the U.S. Federal Reserve raises interest rates by half percent.
US Government Wants to ‘Send a Message’ to Crypto With SBF’s Arrest, Says Former US Prosecutor
Renato Mariotti, now a partner at international law firm Bryan Cave Leighton Paisner, discusses why regulators are “eager to plant a flag” on the crypto industry.
Sam Bankman-Fried Soured US Govt's View on Crypto: Former Federal Prosecutor
"I don't expect any industry-friendly regulation" in the short term, says Renato Mariotti, partner at law firm Bryan Cave Leighton Paisner and former federal prosecutor. He shares his regulatory outlook following the arrest of Sam Bankman-Fried.
Understanding the Charges Brought Against Sam Bankman-Fried
FTX founder and former CEO Sam Bankman-Fried faces a litany of charges from the Department of Justice, U.S. Securities and Exchange Commission (SEC) and CFTC (Commodity Futures Trading Commission) as he sits in jail in the Bahamas. Renato Mariotti, partner at law firm Bryan Cave Leighton Paisner and former federal prosecutor, breaks down the charges.
The FTX Meltdown Calls for Higher Standards in Crypto Journalism
Revelations that Bankman-Fried secretly funded crypto news publisher The Block deepened mistrust of the crypto industry.
Top FTX Group Executive Tipped Off Bahamas Authorities About Commingling of Funds in November
Former CEO Sam Bankman-Fried has said he didn't know of any comingling of funds between his companies.
