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US SEC Charges Sam Bankman-Fried for Defrauding FTX Investors

Bankman-Fried illegitimately used customer funds to support his lavish lifestyle and make political donations, the regulator alleged.

Updated Dec 13, 2022, 3:49 p.m. Published Dec 13, 2022, 11:15 a.m.
Former FTX CEO Sam Bankman-Fried (Jesse Hamilton/CoinDesk, modified by CoinDesk)
Former FTX CEO Sam Bankman-Fried (Jesse Hamilton/CoinDesk, modified by CoinDesk)