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 SBF was arrested in December 2022, and his bail was revoked due to alleged witness tampering.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


Відео

FTX's Sam Bankman-Fried Latest Court Appearance an 'Interesting Peek' After Being Jailed: Legal Expert

Renato Mariotti, Bryan Cave Leighton Paisner LLP partner, weighs in on FTX founder Sam Bankman-Fried facing arraignment yet again in a New York Court on Tuesday. "This is going to be an interesting peek at Sam Bankman-Fried after he's been in prison, remember that he was repeatedly violating his conditions of release," Mariotti said.

Recent Videos

Відео

FTX's Sam Bankman-Fried Is the 'Problem,' Not His Lawyers: Former Federal Prosecutor

FTX founder Sam Bankman-Fried is back in court on Tuesday, getting arraigned on the most recent version of his indictment. Renato Mariotti, Bryan Cave Leighton Paisner LLP partner and former federal prosecutor, discusses what to make of the latest developments. The problem is "not the lawyers, it's Sam Bankman-Fried," Mariotti said. 

Recent Videos

Відео

FTX Debtors Change Settlement Proposal After Objection From U.S. Trustee

Bankrupt crypto exchange FTX has revised its motion for settlement after the U.S. Trustee objected to an earlier motion, according to a court filing. CoinDesk's global policy and regulation managing editor Nikhilesh De breaks down the new proposal. Plus, the latest on Sam Bankman-Fried's case as the disgraced FTX founder asks to be released from jail five days a week for legal defense work.

CoinDesk placeholder image

Відео

What FTX's Sam Bankman-Fried Is 'Freaking Out About'

A recent court filing reveals prosecutors plan on submitting personal notes from former Alameda CEO Caroline Ellison as evidence against FTX founder Sam Bankman-Fried ahead of his trial in October, which includes a list titled "Things Sam is Freaking Out About." "The Hash" panel shares their reaction to the latest legal proceedings in Bankman-Fried's case.

Recent Videos

Відео

Prosecutors Lob New Allegations at FTX's Sam Bankman-Fried; Europe's First Spot Bitcoin ETF

“CoinDesk Daily” host Jennifer Sanasie dives into today’s hottest stories in crypto, as Jacobi Asset Management lists Europe's first spot bitcoin exchange-traded fund (ETF). Crypto custodian Prime Trust filed for Chapter 11 bankruptcy protection. And, federal prosecutors are claiming that FTX founder Sam Bankman-Fried used more than $100 million of customer funds for political donations. 

CoinDesk placeholder image

Відео

FTX's Sam Bankman-Fried Allegedly Used Customer Funds for Political Donations, Prosecutors Say

Federal prosecutors are claiming that FTX founder Sam Bankman-Fried used more than $100 million of customer funds for political donations. CoinDesk's global policy and regulation managing editor Nikhilesh De discusses what this means for Bankman-Fried as he gears up for trial in October. Plus, the latest developments on former co-CEO of FTX Digital Markets Ryan Salame declining to testify, according to a court filing.

Recent Videos

Відео

Bernie Madoff's Former Attorney on Next Steps for FTX's Sam Bankman-Fried; Trump's Crypto Assets

“CoinDesk Daily” host Jennifer Sanasie dives into today’s hottest stories in crypto, as Ira Lee Sorkin, former attorney for Bernie Madoff and current partner at Mintz and Gold, explains what could happen next for Sam Bankman-Fried, after the FTX founder was sent back to jail before his trial. Bernstein thinks spot bitcoin ETF approvals could help power up a new crypto cycle. And, a closer look at how much former President Trump holds in crypto.

Recent Videos

Відео

FTX's Sam Bankman-Fried Going to Jail Puts His Trial at 'Huge Disadvantage': Bernie Madoff's Former Attorney

A federal judge revoked Sam Bankman-Fried's $250 million bail, as the 31-year-old is accused by prosecutors of tampering with witnesses. Ira Lee Sorkin, former attorney for Bernie Madoff and current partner at Mintz and Gold, joins "The Hash" to discuss what the bail revocation means for the disgraced FTX founder's upcoming trial and if there are any parallels between the legal cases of Bernie Madoff and Bankman-Fried.

Recent Videos

Відео

Legal Expert on Sam Bankman-Fried Being Ordered to Jail After Judge Revokes Bail

Hermine Wong, former Coinbase head of policy and current principal at herminewong.xyz, weighs in on FTX founder Sam Bankman-Fried being sent to jail ahead of his trial in October. "I don't think that we're going to pretend here that Sam Bankman-Fried is acting in a manner that the general public, or anyone, would consider to be rational," Wong added.

Recent Videos

Відео

Bitcoin Price Steady Around $29.3K as SBF Goes Back to Jail

Bitcoin (BTC) is trading flat near the $29,300 level as investors react to the news that FTX founder Sam Bankman-Fried was sent to jail ahead of his October trial over attempts to tamper with witnesses. Ethena head of research & data Conor Ryder discusses the lack of price action in bitcoin and ether. Plus, insights on traders' interests in meme coins and a potential stablecoin race as fintech giant PayPal releases its dollar-pegged stablecoin PYUSD.

Recent Videos