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 SBF was arrested in December 2022, and his bail was revoked due to alleged witness tampering.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

Finanzas

Sam Bankman-Fried's Frequent Commenting Draws Icy Response From FTX's Restructuring Chief

John Ray's statement on Twitter stressed that SBF no longer speaks on behalf of the exchange and affiliated companies.

Por Brandy Betz16 nov 2022

Former FTX CEO Sam Bankman-Fried (Jesse Hamilton/CoinDesk)

Vídeos

Temasek to Write Off up to $300M Invested in FTX; House Committee to Hold Hearing on FTX Collapse

Genesis Global Trading's lending arm is temporarily suspending redemptions and new loan originations. Singapore's state investment fund Temasek is preparing to write off between $200 million and $300 million invested in FTX. The House Financial Services Committee will hold a hearing into FTX next month. Sam Bankman-Fried, Tom Brady and other FTX promoters have been sued. Genesis and CoinDesk both operate under Digital Currency Group.

16 nov 2022

Podcasts

Sam Bankman-Fried Can't Stay Off Twitter; and Genesis’ Crypto-Lending Unit Pauses Customer Withdrawals

Por William Foxley, Zack Seward, Jennifer Sanasie, Wendy O16 nov 2022

Mercados

Have Crypto Markets Reached Bottom?

Investors maintain confidence in crypto, but are anxiously eyeing developments that could sink prices further.

Por Glenn Williams Jr.16 nov 2022

Pause, Breathe, Resume (Brett Jordan/Unsplash)

Finanzas

US Crypto Investors Sue FTX’s Sam Bankman-Fried, Company’s Celebrity Endorsers

The plaintiffs in a class-action suit claim that the heavily-marketed FTX yield-bearing crypto accounts were actually a Ponzi scheme.

Por Nelson Wang16 nov 2022

Comedian Larry David appeared in a Super Bowl ad for FTX (Jeff Kravitz/FilmMagic for HBO)

Vídeos

Ex-FTX CEO Sam Bankman-Fried Continues to Engage Public via Twitter

Following a series of curious one-letter tweets over the past couple of days, Sam Bankman-Fried, former CEO of crypto exchange FTX, has returned to typing out full sentences and can't seem to stay off of Twitter. "The Hash" panel discusses the latest in FTX's collapse and the role of social media.

16 nov 2022

Podcasts

Crypto Update | How Sam Bankman-Fried’s ‘Effective’ Altruism Blew Up FTX

Por Adrian Blust, Adam B. Levine16 nov 2022

Weekend Story | The Short-Sightedness of Run-Amok Regulators

Vídeos

Arca CIO on Crypto Outlook After FTX Collapse

Cryptocurrencies are trading in sync following the collapse of Sam Bankman-Fried's FTX exchange while U.S. stocks remain unfazed. Arca CIO Jeff Dorman discusses the collateral damage of FTX’s bankruptcy and his markets outlook in a crypto winter.

16 nov 2022

Vídeos

'Serious Doubts' Congress Will Get Something Done Amid FTX Collapse: Former SEC Branch Chief

Former U.S. Securities and Exchange Commission (SEC) Enforcement Branch Chief Lisa Bragança discusses her take on the fall of crypto exchange FTX and its former CEO Sam Bankman-Fried, sharing insights on potential enforcement actions ahead.

16 nov 2022

Opinión

The FTX Collapse Looks an Awful Lot Like Enron

Alameda and FTX were built on false asset values driven by deceptive self-dealing. So was America's most notorious corporate fraud.

Por David Z. Morris16 nov 2022

Enron founder and longtime CEO Kenneth Lay, in a mugshot taken July 2004. Lay was convicted of fraud in 2006, but died before being sentenced. (Photo courtesy Bureau of Prisons/Getty Images)