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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 SBF was arrested in December 2022, and his bail was revoked due to alleged witness tampering.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.
Crypto Giant FTX Eyes Raising Money to Fund Acquisitions: Source
Sam Bankman-Fried’s exchange is raising capital as it considers a retail-focused deal, a person familiar with the matter said.
Crypto Exchange FTX Unusable for Some Amid Strain of CPI Turbulence
Cryptocurrency exchange FTX was unusable for some customers amid high trading volume following a closely-watched economic report on U.S. inflation. "The Hash" team discusses the latest hiccup and how FTX CEO Sam Bankman-Fried responded to users' concerns.
Sam Bankman-Fried’s FTX Ventures to Buy 30% Stake in Scaramucci’s SkyBridge Capital
FTX Ventures, the investment arm of crypto exchange FTX, has agreed to buy 30% of Anthony Scaramucci’s investment firm SkyBridge Capital for an undisclosed amount. “The Hash” panel discusses the latest in a string of deals tied to billionaire Sam Bankman-Fried.
Crypto Investor FTX Ventures to Take 30% Stake in SkyBridge Capital
The firm, founded by former Trump aide Anthony Scaramucci, will invest some of the funds in crypto assets for its balance sheet.
3 Senior Executives Reportedly Leaving Crypto Lender BlockFi
Three senior executives are said to be leaving embattled crypto lender BlockFi as the firm irons out a deal to be acquired by FTX.US, the U.S. division of the crypto exchange owned by billionaire Sam Bankman-Fried. "The Hash" team discusses what this means for the fate of BlockFi and its customers.
FTX CEO Sam Bankman-Fried Addresses Crypto Bailout Outcomes Amid Recent Market Volatility
FTX CEO Sam Bankman-Fried said in a recent interview with Bloomberg that his crypto bailouts had "mixed" results. "The Hash" panel discusses the deals he made during the market downturn and his visit to the White House in May as lawmakers debated which government agency should be the crypto industry's primary federal market regulator.
Here’s Why FTX's Sam Bankman-Fried Visited the White House
FTX CEO Sam Bankman-Fried visited the White House in May amid regulatory turf battle between the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC). CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the details.
Crypto Exchange FTX's CEO Visited White House Amid Regulatory Fight
Sam Bankman-Fried and FTX’s regulatory team met with White House policy adviser Charlotte Butash in May.
Ava Labs CEO Rejects Crypto Leaks Allegations; Sam Bankman-Fried Denies Rumored Huobi Acquisition
Ava Labs CEO Emin Gun Sirer says Kyle Roche of the law firm Roche Freedman was never directed to file lawsuits against his competitors, as claimed by self-described "whistleblower" website Crypto Leaks. FTX CEO Sam Bankman-Fried denies reports suggesting the crypto exchange is planning to acquire Huobi. Singapore's central bank wants to promote a digital asset ecosystem while restricting crypto speculation.