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 SBF was arrested in December 2022, and his bail was revoked due to alleged witness tampering.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

Videos

U.S. House Approves Crypto FIT21 Bill; Sam Bankman-Fried Being Moved to New Prison

"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as the U.S. House of Representatives has approved FIT21, a wide-reaching bill to establish oversight and regulations for the crypto industry. Plus, U.S. spot bitcoin ETFs have reached a new record by holdings on Wednesday with more than 850,000 BTC in custody. And, Sam Bankman-Fried is being relocated to a new prison.

May 23, 2024

Policy

Uno sguardo al processo di appello di Sam Bankman-Fried

Bankman-Fried ha 91 giorni per presentare una memoria

By Nikhilesh DeApr 17, 2024

Sam Bankman-Fried (Nikhilesh De/CoinDesk)

Policy

Il fondatore di FTX Sam Bankman-Fried fa appello contro la condanna per frode

Bankman-Fried è stato condannato l'anno scorso per frode e associazione a delinquere.

By Nikhilesh De, Cheyenne LigonApr 11, 2024

FTX founder Sam Bankman-Fried (Nikhilesh De/CoinDesk)

Policy

La storia di Sam Bankman e Fried è finita?

È stato condannato il mese scorso. Cosa abbiamo Imparare?

By Nikhilesh DeApr 10, 2024

Videos

Bitcoin Drops Below $66K; Sam Bankman-Fried Says He Feels Remorse

"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as bitcoin fell below $66,500 during the Asian hours as the dollar index rose above 105.00 for the first time since mid-November. Plus, the latest from FTX founder Sam Bankman-Fried after getting a 25-year prison sentence. And, Tron founder Justin Sun asked a New York court to dismiss a lawsuit from the SEC.

Apr 2, 2024

Policy