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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 SBF was arrested in December 2022, and his bail was revoked due to alleged witness tampering.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.
An Appeal 'Doesn't Appear Very Likely' for Sam Bankman-Fried, Lawyer Says
Ford O'Brien Landy LLP partner Kevin J. O’Brien weighs in on the possibility for Sam Bankman-Fried's defense team to be granted an appeal after the FTX founder was found guilty in a New York City courtroom on Thursday night. "Mr. Cohen is a very able lawyer...but on the face of it, there doesn't seem to be much for them to work with here," O’Brien said. The "trial was very well-tried by the government."
Sam Bankman-Fried's Guilty Verdict Signals 'New Beginning' for Crypto: Yat Siu
Animoca Brands Executive Chairman Yat Siu discusses what the guilty verdict for FTX founder Sam Bankman-Fried means for the broader crypto industry. "In some ways people used to think that if you enter the crypto space, you can kind of get away with stuff," Siu said. The trial against Bankman-Fried demonstrates that there are consequences for bad actors and that "gives people a certain sense of more safety."
Sam Bankman-Fried Convicted on All Seven Charges; Hong Kong Buzzes With Web3 Events
Host Megha Chaddah breaks down what's next for Sam Bankman-Fried as the disgraced FTX founder was found guilty of all seven counts for the crypto exchange's collapse. Plus, the latest developments in Web3 in Hong Kong. Those stories and other news shaping the cryptocurrency world are in this episode of "Forkast IQ."
Sam Bankman-Fried's Fall from Grace: FTX Founder Found Guilty of Fraud
In a special edition of "CoinDesk Daily," host Jennifer Sanasie recounts the events leading up to Sam Bankman-Fried being found guilty of all seven counts brought against him. The FTX founder could potentially spend the rest of his life in prison. A tentative sentencing date is set for March 28, 2024.
Final Moments Inside the Courtroom Before Sam Bankman-Fried Was Found Guilty of Fraud
Following a five-week long trial against Sam Bankman-Fried, a New York jury found the disgraced FTX founder guilty on all seven criminal fraud counts. CoinDesk Managing Editor for Global Policy and Regulation Nikhilesh De discusses the scene in the courtroom when the verdict was read.
Sam Bankman-Fried Found Guilty of All Seven Fraud Counts: What Happens Next?
Sam Bankman-Fried's fate was finally decided by 12 jurors Thursday night. After deliberating for a little over 4 hours, the FTX founder was found guilty on all seven counts for his role in the crypto exchange's implosion. Ford O'Brien Landy LLP partner Kevin J. O’Brien shares his legal analysis of the trial and subsequent verdict, explaining why Bankman-Fried could serve "something in the neighborhood of 15 years" in prison.
Inside the Courtroom During Sam Bankman-Fried's Guilty Verdict
A jury found Sam Bankman-Fried guilty on the first anniversary of the award-winning CoinDesk scoop that spurred the FTX founder's downfall. CoinDesk Managing Editor for Global Policy and Regulation Nikhilesh De, who was in the courtroom Thursday night, shares insights into the events leading up to the verdict.
'Unanimous Verdict, Your Honor': Sam Bankman-Fried's Conviction Was Inevitable
Sam Bankman-Fried was found guilty by a jury of his peers on all counts.
Sam Bankman-Fried Prosecutor Promises 'Handcuffs for All' Crypto Crooks
Damian Williams, the U.S. attorney for the powerful Southern District of New York, set an ominous warning following the conviction of former crypto kingpin Bankman-Fried.
