Sam Bankman-Fried exits a federal courthouse in lower Manhattan on July 26, 2023. (Nikhilesh De/CoinDesk)

Sam Bankman-Fried Guilty on All 7 Counts in FTX Fraud Trial

A tentative sentencing date was set for March 28, 2024. Bankman-Fried could spend decades in prison and potentially up to 115 years.
Sam Bankman-Fried exits a federal courthouse in lower Manhattan on July 26, 2023. (Nikhilesh De/CoinDesk)
Sam Bankman-Fried outside a courthouse in July 2023. (Nikhilesh De/CoinDesk)
DOJ's Proposed 50-Year Sentence for Sam Bankman-Fried 'Disturbing,' FTX Founder's Lawyers Say
Bankman-Fried's defense team attacked prosecutors' lengthy prison term recommendation in a new letter Tuesday.
Sam Bankman-Fried outside a courthouse in July 2023. (Nikhilesh De/CoinDesk)
FTX founder Sam Bankman-Fried (Nikhilesh De/CoinDesk)
FTX Users Describe 'Emotional Toll' From Bankruptcy in Letters to Judge Ahead of Sam Bankman-Fried's Sentencing
Bankman-Fried will be sentenced later this month.
FTX founder Sam Bankman-Fried (Nikhilesh De/CoinDesk)
Sam Bankman-Fried exiting the federal courthouse at 500 Pearl Street earlier this year. (Nikhilesh De/CoinDesk)
Sam Bankman-Fried Should Spend 40-50 Years in Prison, DOJ Says
The U.S. government also recommended an $11 billion fine and forfeiture.
Sam Bankman-Fried exiting the federal courthouse at 500 Pearl Street earlier this year. (Nikhilesh De/CoinDesk)

The SBF Trial Newsletter

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The Latest News on the SBF Trial

Sam Bankman-Fried (Nikhilesh De/CoinDesk)
Looking at Sam Bankman-Fried's Appeals Process

Bankman-Fried has 91 days to file a brief

Sam Bankman-Fried (Nikhilesh De/CoinDesk)
FTX founder Sam Bankman-Fried (Nikhilesh De/CoinDesk)
FTX Founder Sam Bankman-Fried Appeals Fraud Conviction

Bankman-Fried was convicted last year on fraud and conspiracy charges.

FTX founder Sam Bankman-Fried (Nikhilesh De/CoinDesk)
Sam Bankman-Fried (Nikhilesh De/CoinDesk)
Is the Sam Bankman-Fried Story Over?

He was sentenced last month. What did we learn?

Sam Bankman-Fried (Nikhilesh De/CoinDesk)
Sam Bankman-Fried exits a federal courthouse in lower Manhattan on July 26, 2023. (Nikhilesh De/CoinDesk)
Sam Bankman-Fried Expresses Remorse for His Actions After Getting a 25-Year Prison Sentence

Last Thursday, while announcing the sentence U.S. District Judge Lewis Kaplan said Bankman-Fried never offered "a word of remorse" for his "terrible crimes."

Sam Bankman-Fried exits a federal courthouse in lower Manhattan on July 26, 2023. (Nikhilesh De/CoinDesk)
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SBF Is Going to Prison for 25 Years

A judge sentenced Bankman-Fried to a quarter century after a brief hearing.

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Sam Bankman-Fried, middle, walks into court on Aug. 11, 2023. (Victor Chen/CoinDesk)
Sam Bankman-Fried Sentenced to 25 Years in Prison

The former FTX CEO was convicted of seven counts of fraud and conspiracy in November, a year after the once-giant cryptocurrency exchange collapsed.

Sam Bankman-Fried, middle, walks into court on Aug. 11, 2023. (Victor Chen/CoinDesk)
SBF Trial Newsletter Graphic
Recapping FTX Founder Sam Bankman-Fried's Trial

Bankman-Fried's sentencing kicks off in a few hours.

SBF Trial Newsletter Graphic
Sam Bankman-Fried exits a federal courthouse in lower Manhattan on July 26, 2023. (Nikhilesh De/CoinDesk)
U.S. Government's Legal Precedents Don't Support Lengthy Prison Term, Bankman-Fried's Defense Argues

Bankman-Fried was found guilty of fraud last year and will be sentenced on March 28.

Sam Bankman-Fried exits a federal courthouse in lower Manhattan on July 26, 2023. (Nikhilesh De/CoinDesk)
Sam Bankman-Fried outside a courthouse in July 2023. (Nikhilesh De/CoinDesk)
DOJ's Proposed 50-Year Sentence for Sam Bankman-Fried 'Disturbing,' FTX Founder's Lawyers Say

Bankman-Fried's defense team attacked prosecutors' lengthy prison term recommendation in a new letter Tuesday.

Sam Bankman-Fried outside a courthouse in July 2023. (Nikhilesh De/CoinDesk)
Sam Bankman-Fried exiting the federal courthouse at 500 Pearl Street earlier this year. (Nikhilesh De/CoinDesk)
Sam Bankman-Fried Should Spend 40-50 Years in Prison, DOJ Says

The U.S. government also recommended an $11 billion fine and forfeiture.

Sam Bankman-Fried exiting the federal courthouse at 500 Pearl Street earlier this year. (Nikhilesh De/CoinDesk)
The SBF TRIAL
SBF TRIAL Podcast: Inside the Courtroom With CoinDesk

Listen to the latest SBF trial updates by the CoinDesk Podcast Network.

The SBF TRIAL
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A 20+ Year Sentence? Why the Evidence Against SBF Was Too Hard to Overcome

A defense lawyer and a former prosecutor discuss what SBF’s likely sentence will be, the defense’s hope for an appeal, and whether the government will pursue the second trial....

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The Latest News on the SBF Trial

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Why SBF's Testimony So Far Has Likely Already Doomed Him

Defense lawyer Sam Enzer says Sam Bankman-Fried’s testimony had evasive answers and non sequiturs—but that the defense may now have a good argument for appeal.

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The SBF TRIAL
SBF TRIAL PODCAST 10/23: What it’s Really Like Inside the Courtroom

Listen to the latest SBF trial updates by the CoinDesk Podcast Network.

The SBF TRIAL
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Another Bad Week for Sam Bankman-Fried in His Criminal Trial

Sam Bankman-Fried is facing an even more difficult task in proving his innocence after this week’s compelling testimony by the last member of his inner circle.

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Why These Lawyers Say It's Over for SBF--But His Only Hail Mary Is to Testify

Attorneys Samson Enzer and Greg Strong say Caroline Ellison’s testimony against Sam Bankman-Fried was damning. They agree one thing could turn it around: SBF’s own testimony....

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The Latest News on the SBF Trial

The Protocol 4:3
Exploring Crypto's Role in Times of Conflict | Israel's Crypto Scene, Smart Contracts Under BitVM, and More

Covering the influence of conflict on Israel's crypto sector, the evolution of smart contracts on Bitcoin, and a comprehensive examination of the ethical, technical, and legal...

The Protocol 4:3
The SBF TRIAL
SBF TRIAL PODCAST 10/12: Caroline Ellison Testimony Day 3

Listen to the latest SBF trial updates by the CoinDesk Podcast Network.

The SBF TRIAL
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SBF’s Lawyers Could Be Annoying the Judge | How Might That Impact the Trial?

Sam Enzer, partner at Cahill Gordon & Reindel, and Brian Klein, partner at Waymaker, discuss the strategies that the defense and prosecution appear to be using, and why the te...

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Did Sam Bankman-Fried Have Intent to Defraud FTX Investors?

Joshua Ashley Klayman, Senior Counsel, U.S. Head of FinTech and Head of Blockchain & Digital Assets at Linklaters, discusses the prosecution and defense’s impassioned opening...

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SBF Trial | How Sam Bankman-Fried’s Lawyers Might Try to Win His Case

Kayvan Sadeghi, partner at Jenner & Block, and Sam Enzer, partner at Cahill Gordon & Reindel, discuss how Sam Bankman-Fried’s trial might play out and what arguments the defen...

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Here’s How Sam Bankman-Fried’s High-Stakes Trial Could Play Out

Nik De, CoinDesk's managing editor for global policy and regulation, discusses the importance of jury selection in the trial and how many years Sam Bankman-Fried may face if f...

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The SBF TRIAL
SBF TRIAL: Inside Sam Bankman-Fried's Trial Defense Episode 4

How Sam Bankman-Fried Gets Acquitted With The Odds Stacked Against Him

The SBF TRIAL

The Latest News on the SBF Trial

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Former FTX Executive Ryan Salame Could Forfeit $1.5B as Part of Guilty Plea

Former co-CEO of FTX Digital Markets Ryan Salame pleaded guilty to a number of federal criminal charges tied to the exchange. The former FTX executive has been ordered to forf...

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DOJ Argues Super Bowl Ad Featuring Comedian Larry David Casts Doubt on FTX.US Separation

FTX ads featuring comedian Larry David and football star Tom Brady show a blurring between bankrupt crypto exchange FTX's U.S. and international businesses, the U.S Department...

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CoinDesk placeholder image
FTX Founder Sam Bankman-Fried's Bid for Release From Jail Denied by Judge

FTX founder Sam Bankman-Fried will have to continue preparing his defense from behind bars, after a U.S. federal judge refused his motion for a temporary release. CoinDesk's g...

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Sam Bankman-Fried (Nikhilesh De/CoinDesk)
Sam Bankman-Fried Doesn't Want to Go to Prison for 100 Years

Bankman-Fried's legal team brought 29 character references in pleading for a lenient sentence.

Sam Bankman-Fried (Nikhilesh De/CoinDesk)
Ex-Alameda CEO Caroline Ellison at the federal courthouse in Manhattan (Danny Nelson/CoinDesk)
SBF Trial: Defense Counsel's Cross-Examination of Star Prosecution Witness Meandered

Mark Cohen bumbled at times, asking Caroline Ellison to repeat much of the same information she told prosecutors in testimony the day before.

Ex-Alameda CEO Caroline Ellison at the federal courthouse in Manhattan (Danny Nelson/CoinDesk)
Sam Bankman-Fried (left) exiting a New York courthouse earlier in 2023. (Nikhilesh De/CoinDesk)
No Sam Bankman-Fried Jury Yet; Judge Expects to Cull 50 Prospects Quickly on Wednesday

Several prospective jurors revealed that they or loved ones lost money on crypto, including one whose brother was nearly ruined.

Sam Bankman-Fried (left) exiting a New York courthouse earlier in 2023. (Nikhilesh De/CoinDesk)
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2 Small Wins For Sam Bankman-Fried

Bankman-Fried had a few small wins in court, but his big challenge – securing a temporary release – may be decided later today.

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Sam Bankman-Fried exiting the federal courthouse at 500 Pearl Street earlier this year. (Nikhilesh De/CoinDesk)
Sam Bankman-Fried Again Blames Underlings for Woes as FTX Founder Wraps Up Testimony

"So, it's your testimony that your supervisees told you to stop asking questions?" asked a prosecutor. "Did you call in your lieutenants and ask 'who spent $8 billion?'"

Sam Bankman-Fried exiting the federal courthouse at 500 Pearl Street earlier this year. (Nikhilesh De/CoinDesk)
Sam Bankman-Fried (Nikhilesh De/CoinDesk)
Sam Bankman-Fried to Testify at His Criminal Trial as Soon as Thursday

The FTX founder will directly appeal to jurors in his bid to prove he did not commit, or conspire to commit, fraud before his crypto juggernaut's spectacular collapse.

Sam Bankman-Fried (Nikhilesh De/CoinDesk)
Stanford University (Shutterstock)
Stanford University Will Return 'Gifts' Donated by FTX: Report

FTX sued Joseph Bankman and Barbara Fried for misappropriating millions, including $5.5 million in donations to Stanford University.

Stanford University (Shutterstock)
Sam Bankman-Fried outside court on Feb. 9, 2023 (Liz Napolitano/CoinDesk)
Sam Bankman-Fried ‘Lied,’ DOJ Tells Jury; Defense Tries to Pin FTX Collapse on Caroline Ellison

“He poured money – other people’s money – into investments to make himself even richer,” the prosecutor said in opening arguments.

Sam Bankman-Fried outside court on Feb. 9, 2023 (Liz Napolitano/CoinDesk)
Sam Bankman-Fried leaving court on February 16, 2023 (Liz Napolitano/CoinDesk)
Sam Bankman-Fried, DOJ Propose Jury Questions Ahead of October Trial

The filings come amid a back-and-forth over whether Bankman-Fried should be released from jail to work on his defense.

Sam Bankman-Fried leaving court on February 16, 2023 (Liz Napolitano/CoinDesk)
Sam Bankman-Fried leaving court on February 16, 2023 (Liz Napolitano/CoinDesk)
Sam Bankman-Fried’s Motion for Pretrial Release Goes Before 3-Judge Panel

The former FTX CEO is trying to win back his freedom – at least temporarily – to prepare for his October trial.

Sam Bankman-Fried leaving court on February 16, 2023 (Liz Napolitano/CoinDesk)
Sam Bankman-Fried leaves his arraignment and bail hearing on Dec. 22, 2022, in New York City. (David Dee Delgado/Getty Images)
Sam Bankman-Fried Lambasted by Prosecutor Right Before Jurors Began Deciding His Fate: SBF Thought 'He Could Fool the World'

A verdict in the SBF trial could come before the end of Thursday – on the first anniversary of the CoinDesk scoop that caused his empire to crumble.

Sam Bankman-Fried leaves his arraignment and bail hearing on Dec. 22, 2022, in New York City. (David Dee Delgado/Getty Images)
FTX co-founder Sam Bankman-Fried is escorted out of the Magistrate's Court on December 21, 2022 in Nassau, Bahamas. (Joe Raedle/Getty Images)
Sam Bankman-Fried’s Two Multimillion-Dollar Jets May Be Forfeit, DOJ Says

The assets, whose ownership is in dispute, could potentially be used to pay back creditors of FTX.

FTX co-founder Sam Bankman-Fried is escorted out of the Magistrate's Court on December 21, 2022 in Nassau, Bahamas. (Joe Raedle/Getty Images)
Sam Bankman-Fried exits a federal courthouse in lower Manhattan on July 26, 2023. (Nikhilesh De/CoinDesk)
Sam Bankman-Fried Expresses Remorse for His Actions After Getting a 25-Year Prison Sentence

Last Thursday, while announcing the sentence U.S. District Judge Lewis Kaplan said Bankman-Fried never offered "a word of remorse" for his "terrible crimes."

Sam Bankman-Fried exits a federal courthouse in lower Manhattan on July 26, 2023. (Nikhilesh De/CoinDesk)
The SBF TRIAL
SBF TRIAL: Inside Sam Bankman-Fried's Trial Defense Episode 4

How Sam Bankman-Fried Gets Acquitted With The Odds Stacked Against Him

The SBF TRIAL

The SBF Trial and How We Got Here