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 SBF was arrested in December 2022, and his bail was revoked due to alleged witness tampering.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

Policy

FTX Victims View Bankruptcy Process as 'Second Act of Theft,' File to Recover $8B in Forfeited Assets

Attorneys for the victims said the bankruptcy process has left FTX customers feeling "aggrieved and robbed."

By Amitoj SinghJun 18, 2024

Policy

As vítimas da FTX veem o processo de falência como um 'segundo ato de roubo', arquivo para recuperar US$ 8 bilhões em ativos confiscados

Os advogados das vítimas disseram que o processo de falência deixou os clientes da FTX se sentindo “lesados e roubados”.

By Amitoj SinghJun 18, 2024

Policy

Les victimes de FTX considèrent le processus de faillite comme un « deuxième acte de vol » et déposent un dossier visant à récupérer 8 milliards de dollars d'actifs confisqués

Les avocats des victimes ont déclaré que le processus de faillite avait laissé les clients de FTX « lésés et volés ».

By Amitoj SinghJun 18, 2024

Policy

Жертвы FTX рассматривают процесс банкротства как «второй акт кражи» и требуют вернуть 8 миллиардов долларов конфискованных активов

Адвокаты потерпевших заявили, что в результате процесса банкротства клиенты FTX почувствовали себя «обиженными и ограбленными».

By Amitoj SinghJun 18, 2024

Policy

Жертви FTX розглядають процес банкрутства як «другий акт крадіжки», подайте заявку на повернення 8 мільярдів доларів конфіскованих активів

Адвокати жертв заявили, що процес банкрутства змусив клієнтів FTX почуватися «ображеними та пограбованими».

By Amitoj SinghJun 18, 2024

Policy

Tinitingnan ng mga Biktima ng FTX ang Proseso ng Pagkabangkarote bilang 'Ikalawang Aksyon ng Pagnanakaw,' File para Mabawi ang $8B sa Mga Na-forfeit na Asset

Sinabi ng mga abogado ng mga biktima na ang proseso ng pagkabangkarote ay nagdulot ng pakiramdam ng mga customer ng FTX na "naagrabyado at ninakawan."

By Amitoj SinghJun 18, 2024

Opinion