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 SBF was arrested in December 2022, and his bail was revoked due to alleged witness tampering.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

Sam Bankman-Fried Deserves a Life After Prison

He did incalculable harm, but arguing for a sentence longer than 25 years is unfair to the man and the industry he once represented.

By Daniel KuhnMar 28, 2024

Opinion

Sam Bankman-Fried mérite une vie après la prison

Il a causé un préjudice incalculable, mais plaider en faveur d'une peine de plus de 25 ans est injuste envers l'homme et l'industrie qu'il représentait autrefois.

By Daniel KuhnMar 28, 2024

Opinion

Sam Bankman-Fried merita una vita dopo la prigione

Ha fatto danni incalcolabili, ma sostenere una condanna superiore a 25 anni è ingiusto nei confronti dell’uomo e dell’industria che un tempo rappresentava.

By Daniel KuhnMar 28, 2024

Opinion

Sam Bankman-Fried merece una vida después de la cárcel

Hizo un daño incalculable, pero pedir una sentencia superior a 25 años es injusto para el hombre y la industria que alguna vez representó.

By Daniel KuhnMar 28, 2024

Opinion

Сем Бенкман-Фрід заслуговує на життя після в'язниці

Він завдав величезної шкоди, але сперечатися про вирок, який перевищує 25 років, несправедливо щодо людини та галузі, яку він колись представляв.

By Daniel KuhnMar 28, 2024

Opinion

Sam Bankman-Fried Deserves a Life After Prison

Gumawa siya ng hindi mabilang na pinsala, ngunit ang pagtatalo para sa isang sentensiya na mas mahaba sa 25 taon ay hindi patas sa tao at sa industriya na dati niyang kinakatawan.

By Daniel KuhnMar 28, 2024

Opinion

Sam Bankman-Fried merece uma vida após a prisão

Ele causou danos incalculáveis, mas defender uma sentença superior a 25 anos é injusto para o homem e a indústria que ele representou.

By Daniel KuhnMar 28, 2024

Opinion

Сэм Бэнкман-Фрид заслуживает жизни после тюрьмы

Он причинил неисчислимый вред, но требовать приговора сроком более 25 лет несправедливо по отношению к человеку и отрасли, которую он когда-то представлял.

By Daniel KuhnMar 28, 2024

Policy

Sam Bankman-Fried Sentenced to 25 Years in Prison

The former FTX CEO was convicted of seven counts of fraud and conspiracy in November, a year after the once-giant cryptocurrency exchange collapsed.

By Nikhilesh De, Sam Kessler, Cheyenne LigonMar 28, 2024

Sam Bankman-Fried, middle, walks into court on Aug. 11, 2023. (Victor Chen/CoinDesk)

Policy

Sam Bankman-Fried condamné à 25 ans de prison

L'ancien PDG de FTX a été reconnu coupable de sept chefs d'accusation de fraude et de complot en novembre, un an après l'effondrement de l'échange de Cryptomonnaie -monnaie autrefois géant.

By Nikhilesh De, Sam Kessler, Cheyenne LigonMar 28, 2024