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 SBF was arrested in December 2022, and his bail was revoked due to alleged witness tampering.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

Video

A Look Back on the Collapse of Sam Bankman-Fried's Empire

FTX founder Sam Bankman-Fried's downfall began on Nov. 2, 2022, when CoinDesk published a big scoop that raised questions about the health of crypto hedge fund Alameda Research and by extension, how safe Alameda Research's sister company FTX was. CoinDesk senior reporter Ian Allison, the journalist who authored that story, takes a look back on the collapse of Sam Bankman-Fried's empire and how the industry has changed in the last year.

2 nov 2023

Opinioni

Sam Bankman-Fried Demonstrates Ineffective Altruism at Its Worst

The road to hell is paved with good intentions.

Di Cory Klippsten2 nov 2023

Opinioni

Sam Bankman-Fried demuestra un altruismo ineficaz en su peor momento

El camino al infierno está pavimentado con buenas intenciones.

Di Cory Klippsten2 nov 2023

Politiche

The Case Against Sam Bankman-Fried

The jury will begin deliberations by the end of Thursday.

Di Nikhilesh De2 nov 2023

Finanza

A Year After Sam Bankman-Fried's Downfall, Solana and Other FTX Holdings Are Flying High

The FTX founder's downfall began on Nov. 2, 2022 – a year ago Thursday – when CoinDesk published a big scoop. Jurors are poised to begin deliberating his fate on the anniversary of that story, at a time when the SOL tokens FTX owns just got $1 billion more valuable.

Di Ian Allison, Nick Baker2 nov 2023

Politiche

Sam Bankman-Fried on Verge of Tears as His Lawyer Concludes Defense

The alleged fraudster and ex-FTX CEO acted "in good faith," Bankman-Fried's attorney said in an emotional closing argument.

Di Danny Nelson, Sam Kessler1 nov 2023

Trial of Sam Bankman-Fried (Danny Nelson/CoinDesk)

Video

Closing Arguments Start in Sam Bankman-Fried's Trial; Could Bitcoin Reach $150K by 2025?

"CoinDesk Daily" host Jennifer Sanasie breaks down the hottest stories shaping the crypto industry today, including Bernstein's latest bitcoin (BTC) price prediction. Circle is curbing service for individual accounts to mint stablecoins. And, the latest legal developments as FTX founder Sam Bankman-Fried's trial nears its end.

1 nov 2023

Politiche

Sam Bankman-Fried Ran 'Pyramid of Deceit,' Prosecutor Says in Closing Argument; Defense Calls Case Against FTX Founder a Fantasy

Jurors could begin deliberating Bankman-Fried's fate as soon as Thursday.

Di Sam Kessler, Nikhilesh De, Helene Braun, Danny Nelson1 nov 2023

Sam Bankman-Fried escorted out of court on Dec. 21, 2022, in Nassau, Bahamas (Joe Raedle/Getty Images)

Podcast

SBF TRIAL Podcast 11/01: Sam Bankman-Fried’s Final Day of Testimony

Di CoinDesk1 nov 2023

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

Video

Sam Bankman-Fried's Trial Reaches Closing Arguments: What Happens Next?

Omar Ochoa Law Firm founder, Omar Ochoa, joins "First Mover" to discuss the latest developments in Sam Bankman-Fried's criminal trial, along with his predictions, as closing arguments are expected to begin on Wednesday. The FTX founder was the last witness from both the defense and the prosecution.

1 nov 2023