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 SBF was arrested in December 2022, and his bail was revoked due to alleged witness tampering.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

Opinion

Perché Solana è stato decimato dalla caduta di Bankman-Fried

La blockchain fortemente legata al fondatore caduto in disgrazia di FTX è stata gravemente ferita dal suo smascheramento. Ecco i venti contrari che devono affrontare il progetto precedentemente HOT e il suo token SOL .

By David Z. MorrisJun 14, 2024

Opinion

Tour de autoincriminação de Sam Bankman-Fried

A turnê de desculpas do filho varão desgraçado pela mídia pode influenciar os desinformados. Mas só pode prejudicar Bankman-Fried onde é importante – no tribunal.

By David Z. MorrisJun 14, 2024

Sam Bankman-Fried sticking his tongue out while at Crypto Bahamas earlier this year. (Danny Nelson/CoinDesk)

Opinion

La gira de autoincriminación de Sam Bankman-Fried

La gira de disculpas mediáticas del niño varón deshonrado puede influir en los desinformados. Pero sólo puede perjudicar a Bankman-Fried donde más importa: en la sala del tribunal.

By David Z. MorrisJun 14, 2024

Opinion

Tour di autoincriminazione di Sam Bankman-Fried

Il tour mediatico di scuse del bambino caduto in disgrazia potrebbe influenzare i meno informati. Ma può solo danneggiare Bankman-Fried dove conta: in tribunale.

By David Z. MorrisJun 14, 2024

Opinion