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 SBF was arrested in December 2022, and his bail was revoked due to alleged witness tampering.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

Финансы

Sam Bankman-Fried Can't Stay Off of Twitter

The ex-CEO of bankrupt crypto exchange FTX claims liquidity, not insolvency, is the issue.

Автор Stephen Alpher15 нояб. 2022 г.

AI Artwork Sam Bankman-Fried SBF in Prison concept (Midjourney/CoinDesk)

Политика

The Long Arm of FTX

It's hard to overstate how much FTX embedded itself into the broader world. That could drive some of the response to its collapse.

Автор Nikhilesh De15 нояб. 2022 г.

Major League Baseball referees wore FTX-branded kits. (G Fiume/Getty Images)

Политика

The ‘SBF Bill’: What’s in the Crypto Legislation Backed by FTX's Founder

The specter of the now-disgraced Sam Bankman-Fried looms large over the bill, but Sens. Debbie Stabenow and John Boozman plan to push ahead anyway.

Автор Cheyenne Ligon15 нояб. 2022 г.

A crypto bill in Congress is still in the works following the implosion of FTX. (Shutterstock)

Политика

Bahamian Supreme Court Approves Liquidators for FTX Assets

Authorities in the country, where FTX was based, are investigating the exchange for criminal misconduct and breach of securities laws.

Автор Sandali Handagama15 нояб. 2022 г.

Sam Bankman-Fried (Pindar Van Arman/CoinDesk)

Политика

FTX's New Leadership Is in Touch With Regulators, May Have Over 1M Creditors, New Filings Say

FTX filed its first substantive look at the exchange's bankruptcy process days after declaring bank

Автор Nikhilesh De15 нояб. 2022 г.

Sam Bankman-Fried, CEO, FTX and Christine Lee, Lead Anchor, CoinDesk at Consensus 2022 (Suzanne Cordiero/Shutterstock/CoinDesk)

Подкасты

Sam Bankman Fraud: Inside the Collapse of FTX’s Hollow Empire

Автор Nathaniel Whittemore15 нояб. 2022 г.

Финансы

FTX Hacker Panicked, Still Holds $339M in Ether, Cryptos: Arkham Intelligence

The mysterious looter siphoned about $400 million in digital assets from crypto exchange FTX late Friday night.

Автор Krisztian Sandor14 нояб. 2022 г.

Финансы

'Big Short' Author Michael Lewis Spent Months With FTX's Sam Bankman-Fried and Is Writing a Book

A letter circulating in Hollywood says the best-selling author is working on a book and has “a dramatic surprising ending” given the shocking collapse of Bankman-Fried’s crypto juggernaut.

Автор Tracy Wang, Nick Baker14 нояб. 2022 г.

Writer Michael Lewis interviewed Sam Bankman-Fried at Crypto Bahamas (Danny Nelson/CoinDesk)

Рынки

Market Analysis: Crypto Turns to an Oil-Patch Tradition to Right Itself

Crypto exchanges' newfound commitment to adopt proof-of-reserves measures echoes practices long followed by the oil and gas industry – to instill confidence.

Автор Glenn Williams Jr.14 нояб. 2022 г.