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 SBF was arrested in December 2022, and his bail was revoked due to alleged witness tampering.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

Is Sam Bankman-Fried Losing His Mind?

The alleged fraudster's latest blog post shows a man completely divorced from reality.

By David Z. MorrisJan 13, 2023

Sam Bankman-Fried's reality has been irrevocably shattered. But he's still desperately trying to hold it together. (Getty Images)

Opinion

Sam Bankman-Fried sta perdendo la testa?

L'ultimo post sul blog del presunto truffatore mostra un uomo completamente separato dalla realtà.

By David Z. MorrisJan 13, 2023

Opinion

Сэм Бэнкман-Фрид сходит с ума?

Последний пост в блоге предполагаемого мошенника показывает человека, полностью оторванного от реальности.

By David Z. MorrisJan 13, 2023

Opinion

¿Sam Bankman-Fried está perdiendo la cabeza?

La última publicación del blog del presunto estafador muestra a un hombre completamente divorciado de la realidad.

By David Z. MorrisJan 13, 2023

Opinion

Сем Бенкмен-Фрайд втрачає розум?

Останній допис у блозі ймовірного шахрая показує людину, повністю відірвану від реальності.

By David Z. MorrisJan 13, 2023

Videos

Judge Allows FTX to Sell LedgerX, Japanese Units; Media Outlets Seek To Know Who Bailed Out Sam Bankman-Fried

A Delaware bankruptcy judge ruled Thursday that FTX can put four key units, including derivatives arm LedgerX and stock-clearing platform Embed, up for sale. Meanwhile, major media groups have taken legal action to reveal the identities of the two non-parental parties who co-signed Sam Bankman-Fried's $250 million bail bond. "The Hash" panel weighs in.

Jan 13, 2023

Policy

Crypto Bankruptcies Are Very Complicated

The FTX, Voyager, Celsius and BlockFi bankruptcy proceedings are proving how complicated they really are.

By Nikhilesh DeJan 13, 2023

Policy

Bloomberg, WSJ, CoinDesk Among the Media Outlets Seeking to Know Who Bailed Out Sam Bankman-Fried

Lawyers for the former CEO of failed crypto exchange FTX requested and were granted anonymity for two parties who backed the $250 million bond that sprung Bankman-Fried from jail.

By Jack SchicklerJan 13, 2023

El fundador de FTX, Sam Bankman-Fried. (David Dee Delgado/Getty Images)

Policy

After FTX, Crypto Companies No Longer Have ‘Benefit of the Doubt’ on Capitol Hill, Says Congressman

When it comes to regulation, the U.S. needs to “get its act together,” Rep. Jim Himes told CoinDesk TV.

By Fran VelasquezJan 12, 2023

Tokens vinculados con billeteras de Alameda se vendieron por bitcoin en el último día. (David Dee Delgado/Getty Images)

Policy

Sam Bankman-Fried Blogs Like a Crypto Robin Hood, but in Court He's Not So Charitable

The FTX founder’s claimed largesse about giving his funds away contrasts with a legal battle to keep control of $450 million in shares – that were paid for a loan from Bankman-Fried’s Alameda Research

By Jack SchicklerJan 12, 2023

Sam Bankman-Fried, a modern-day Robin Hood? (George Rinhart/Corbis/Getty Images)