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 SBF was arrested in December 2022, and his bail was revoked due to alleged witness tampering.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

Podcasts

Did Sam Bankman-Fried Have Intent to Defraud FTX Investors?

By Laura ShinOct 6, 2023

Videos

The SBF Trial Week 1: Here’s What You Missed

The first week of the Sam Bankman-Fried's criminal trial is wrapping up. "CoinDesk Daily" host Jennifer Sanasie shares some of the key legal developments including jury selection, opening arguments and witness testimony from FTX co-founder Gary Wang.

Oct 6, 2023

Podcasts

SBF TRIAL PODCAST: 10/06 Update

By CoinDeskOct 6, 2023

SBF TRIAL Podcast 11/03: Sam Bankman-Fried Guilty on All 7 Counts in FTX Fraud Trial

Policy

L'ex CEO di Alameda Research Caroline Ellison testimonierà martedì al processo Sam Bankman-Fried

Gary Wang, un ex luogotenente di alto rango dell’impero di Bankman-Fried, ha testimoniato che Alameda aveva “privilegi speciali” presso FTX che hanno permesso al fondo speculativo di spendere 8 miliardi di dollari di denaro dei clienti della borsa.

By Danny Nelson, Helene Braun, Elizabeth NapolitanoOct 6, 2023

Sam Bankman-Fried (Liz Napolitano/CoinDesk)

Videos

Sam Bankman-Fried's Trial Kicks Off; Singapore Grants Crypto Licenses to Coinbase, Ripple

Host Megha Chaddah breaks down the latest developments in Sam Bankman-Fried's case as the FTX founder is goes to court in a New York. Plus, insights on the state of crypto adoption in Asia as Coinbase and Ripple secure full licenses for crypto payment services in Singapore. Those stories and other news shaping the cryptocurrency world are in this episode of "Forkast IQ."

Oct 6, 2023

Videos

Sam Bankman-Fried's Trial: A Look Inside the Courtroom

CoinDesk's global policy and regulation managing editor Nikhilesh De shares the details of what it's been like inside the courtroom for FTX founder Sam Bankman-Fried's ongoing trial. Plus, insights on testimonies from witnesses including the exchange's co-founder Gary Wang.

Oct 6, 2023

Policy

Gli avvocati di Sam Bankman-Fried mettono alla prova la pazienza del giudice

Hai mai visto una Toyota Corolla?

By Danny Nelson, Nikhilesh DeOct 6, 2023

Opinion

3 volte in cui Bankman-Fried avrebbe mentito prima di diventare famoso

Non è ancora chiaro se il fondatore caduto in disgrazia di FTX testimonierà nel suo processo per frode. Ma puoi credergli sulla parola?

By Daniel KuhnOct 5, 2023

(TheBayPeak/Unsplash, modified by CoinDesk)

Policy

Sam Bankman-Fried e altri dirigenti della FTX hanno commesso reati finanziari, testimonia il co-fondatore Wang

Gary Wang, ex direttore Tecnologie e co-fondatore di FTX, ha dichiarato alla giuria che lui, Bankman-Fried e gli ex dirigenti Caroline Ellison e Nishad Singh hanno commesso molteplici forme di frode.

By Danny Nelson, Helene Braun, Nikhilesh DeOct 5, 2023

Matt Huang of Paradigm arrives in court on Thursday, Oct. 5 to testify against Sam Bankman-Fried (Danny Nelson/CoinDesk).

Videos

Sam Bankman-Fried Trial Kicks off With Opening Arguments; Why is AVAX Climbing?

"CoinDesk Daily" host Jennifer Sanasie breaks down the hottest crypto headlines today, including the latest legal developments with FTX founder Sam Bankman-Fried's criminal trial. A founder of bankrupt crypto hedge fund Three Arrows Capital is under arrest, according to the New York Times. And, a closer look at why Avalanche's AVAX is rallying.

Oct 5, 2023

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