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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 SBF was arrested in December 2022, and his bail was revoked due to alleged witness tampering.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.
Senate Committee to Subpoena FTX's Sam Bankman-Fried if He Does Not Testify Voluntarily
The Senate Banking and House Financial Services committees are holding hearings on FTX's collapse next week.
House Financial Services Chief Waters Not Planning to Subpoena Sam Bankman-Fried: Report
However, Waters tweeted on Wednesday evening that "lies are circulating" that she's not willing to subpoena the disgraced former head of FTX.
Be Patient: Sam Bankman-Fried Could Go to Prison for a Very, Very Long Time
The former wonder boy could be behind bars for life, according to U.S. federal sentencing guidelines.
Sam Bankman-Fried Hires High-Profile Defense Attorney: Reuters
According to Reuters, Sam Bankman-Fried has retained high-profile defense attorney Mark Cohen, citing confirmation from Bankman-Fried's spokesperson Mark Botnick. A partner at Cohen & Gresser, Mark Cohen is a former federal prosecutor and recently represented Ghislaine Maxwell in her sex trafficking trial. "First Mover" hosts Christine Lee and Lawrence Lewitinn discuss the latest developments.
Sam Bankman-Fried Hires Mark Cohen as His Attorney: Reuters
The former head of the now-bankrupt crypto exchange, Bankman-Fried has yet to be charged with any crimes.
Sam Bankman-Fried Is One of CoinDesk’s Most Influential 2022
The 30-year-old CEO of FTX shocked the world when his $40 billion crypto empire collapsed last month, with billions in customer assets still unaccounted. That's why Sam Bankman-Fried is one of CoinDesk’s Most Influential 2022. CoinDesk Deputy Managing Editor Tracy Wang joins "All About Bitcoin" to discuss.
Bankman-Fried Is a ‘Master of Deflection,’ Securities Lawyer Says
James Murphy said the FTX founder has used his interviews with the media to say falsely that his actions weren't intentional.
New FTX CEO Testimony ‘False,’ Bankman-Fried Says
The crypto exchange’s founder said documentation existed, despite John Ray bemoaning poor record-keeping.
