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 SBF was arrested in December 2022, and his bail was revoked due to alleged witness tampering.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

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Demonizing Crypto Industry After FTX Collapse 'Fundamentally Unfair:' US Congressman

U.S. Congressman Rep. Ritchie Torres (D-N.Y.) discusses his take on the legislation needed in the aftermath of FTX's collapse and how much of it is due to fraud. "Demonizing a whole industry based on the fraudulence of one actor is fundamentally unfair," Torres said. "Sam Bankman-Fried is not representative of crypto finance any more than Bernie Madoff is representative of conventional finance."

2022년 12월 14일

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Sam Bankman-Fried Denied Bail in the Bahamas

Sam Bankman-Fried, founder and former CEO of crypto exchange FTX, will be remanded into custody after a Bahamas judge ruled he should be denied bail on Tuesday. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses the latest developments in FTX's collapse.

2022년 12월 14일

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Understanding the Charges Brought Against Sam Bankman-Fried

The SEC, CFTC and DOJ treat the FTX founder as an ambitious and calculating criminal.

작성자 David Z. Morris2022년 12월 14일

FTX founder and former CEO Sam Bankman-Fried (Nikhilesh De/CoinDesk)

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Sam Bankman-Fried Is a 'Pathological Liar': US Congressman After FTX Hearing

FTX founder Sam Bankman-Fried tweeted that the crypto exchange was "fine" on Nov. 7, then subsequently deleted the statement. Rep. Ritchie Torres (D-N.Y.), who was in the room at Tuesday's House Financial Committee hearing on the FTX collapse, says Bankman-Fried "misled the public, he lied."

2022년 12월 14일