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 SBF was arrested in December 2022, and his bail was revoked due to alleged witness tampering.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

Juridique

QuadrigaCX Has Had an Improbable Week

Back in February 2019, EY revealed it had accidentally sent over 100 bitcoin (BTC) to what it described as Quadriga’s cold wallets, which it could not access. And now these coins are moving.

Par Nikhilesh De23 déc. 2022, 3:41 a.m. UTC−5

Quadriga Fintech Solutions CEO and late founder Gerald William Cotten (Quadriga CX)

Vidéos

Sam Bankman-Fried Released on $250M Bond Secured by Parents

Sam Bankman-Fried's release was secured by equity in his parents' Palo Alto, California home, and a long list of requirements was included for him to remain free while he faces charges. ZFZ Law co-founder Michael Zweiback discusses the $250 million bond and the potential legal developments.

22 déc. 2022, 6:38 p.m. UTC−5

Vidéos

Sam Bankman-Fried Released on $250M Bond; FTX Creditors Hire Law Firm Paul Hastings

A federal judge agreed to release Sam Bankman-Fried on a $250 million bond secured by his parents as former Alameda Research CEO Caroline Ellison and FTX co-founder Gary Wang pleaded guilty to criminal charges tied to FTX's collapse. Plus, FTX creditors hired law firm Paul Hastings LLP in the crypto exchange's bankruptcy proceedings.

22 déc. 2022, 6:37 p.m. UTC−5

Finance

FTX Asks Judge for Help in Fight Over Robinhood Shares Worth About $450M

Three parties, including ex-FTX CEO Sam Bankman-Fried, have tried to get control over the 56 million shares.

Par Nick Baker22 déc. 2022, 6:18 p.m. UTC−5

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

Vidéos

Sam Bankman-Fried Is a Flight Risk, Lawyer Says

Former FTX CEO Sam Bankman-Fried has been released on $250 million bond, secured by his parents. Former federal prosecutor and lawyer Michael Zweiback weighs in on this development, saying the "there still are significant economic dangers to investors and he is a flight risk."

22 déc. 2022, 4:25 p.m. UTC−5

Podcasts

Gary Wang and Caroline Ellison Plead Guilty to Fraud as SBF Lands In US

Par Nathaniel Whittemore22 déc. 2022, 2:29 p.m. UTC−5

Vidéos

Legal Expert On Bankman-Fried's 'Sticky' Situation Following Extradition to the US

FTX founder Sam Bankman-Fried is now in FBI custody and will appear in court "as soon as possible." Barhoma Law and Power Trial Lawyers founder Matthew Barhoma weighs in on Bankman-Fried's "sticky" situation, saying the move now is to prove his intentionality.

22 déc. 2022, 11:04 a.m. UTC−5

Vidéos

Sam Bankman-Fried Now in FBI Custody, Will Appear in Court 'as Soon as Possible'

FTX founder Sam Bankman-Fried is now in FBI custody facing both civil and criminal charges. Meanwhile, the SEC has charged former Alameda Research CEO Caroline Ellison and FTX co-founder Gary Wang with defrauding FTX customers. Barhoma Law founder Matthew Barhoma discusses the latest legal considerations of FTX's bankruptcy and the potential road ahead.

22 déc. 2022, 10:03 a.m. UTC−5

Finance

SEC Calls FTT Exchange Token a Security

The complaint against Alameda's Caroline Ellison and FTX's Gary Wang contains allegations that FTX's exchange token, FTT, constitutes an investment contract.

Par Sam Reynolds21 déc. 2022, 11:25 p.m. UTC−5