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

Gary Wang (left) and Nishad Singh both pleaded guilty to criminal charges and testified against their former boss and friend, FTX founder Sam Bankman-Fried. (Victor Chen, Nikhilesh De, modified by CoinDesk)
Former FTX Execs Nishad Singh, Gary Wang to Be Sentenced Later This Year

The duo pled guilty to criminal fraud charges and testified against their former boss, Sam Bankman-Fried, last year.

Gary Wang (left) and Nishad Singh both pleaded guilty to criminal charges and testified against their former boss and friend, FTX founder Sam Bankman-Fried. (Victor Chen, Nikhilesh De, modified by CoinDesk)
Writer Michael Lewis interviews Sam Bankman-Fried at Crypto Bahamas (Danny Nelson/CoinDesk)
Michael Lewis Was Charmed by Sam Bankman-Fried – But So Was Everyone Else

Michael Lewis is getting slammed for a relatively sympathetic portrayal of SBF. The larger question is: Why did so many people fall under Sam’s spell?

Writer Michael Lewis interviews Sam Bankman-Fried at Crypto Bahamas (Danny Nelson/CoinDesk)
(CoinDesk)
SBF vs. ETF: Get Rich Quick vs. Get Rich Slowly

The FTX founder was never a man of crypto and the industry is moving on without him, says Laura Shin.

(CoinDesk)
Sheila Warren writes Sam Bankman-Fried's case is a "tale as old as fraud." (Jesse Hamilton/CoinDesk)
Crypto Risks Another Sam Bankman-Fried if U.S. Doesn't Provide Clear Regulation

Sheila Warren, CEO of the Crypto Council for Innovation, looks at regulatory advancements around the world, which disincentive bad behavior and create a path to accountability...

Sheila Warren writes Sam Bankman-Fried's case is a "tale as old as fraud." (Jesse Hamilton/CoinDesk)
(TheBayPeak/Unsplash, modified by CoinDesk)
3 Times Bankman-Fried Allegedly Lied Before He Was Famous

It's not yet clear whether the disgraced FTX founder will testify in his fraud trial. But can you even take him at his word?

(TheBayPeak/Unsplash, modified by CoinDesk)
(CoinDesk, modified)
Sam Bankman-Fried’s Desperate Last Stand

If his trial were going better, the fallen crypto king wouldn’t be testifying in his own defense.

(CoinDesk, modified)
(MIT Bitcoin Club, Mercatus Center, Cointelegraph/Wikimedia Commons, modified by CoinDesk)
Who Won and Lost Most in Sam Bankman-Fried's Criminal Scheme?

The trial verdict is an indictment of regulators and the VC industry. But the U.S. justice system and, yes, journalists, proved their worth more than ever.

(MIT Bitcoin Club, Mercatus Center, Cointelegraph/Wikimedia Commons, modified by CoinDesk)
(CoinDesk, modified)
What Happened During Sam Bankman-Fried's First Week in Court?

Highlights from the opening days of six-week-long trial, author Michael Lewis' SBF biography and recently filed court documents.

(CoinDesk, modified)
Sam Bankman-Fried, right, and his parents, Joe Bankman and Barbara Fried (Victor Chen/CoinDesk)
The Sam Bankman-Fried Trial Is a Family Affair

For “SBF Trial,” read Sam, Bankman and Fried. As prosecutors attempt to claw back “misappropriated funds” from FTX, they say SBF’s parents, Joseph Bankman and Barbara Fried, p...

Sam Bankman-Fried, right, and his parents, Joe Bankman and Barbara Fried (Victor Chen/CoinDesk)
(CoinDesk, modified)
Defending the Indefensible? Sam Bankman-Fried’s Lawyers Deserve Better

The FTX founder's lawyers have been given no quarter by District Judge Lewis Kaplan, overseeing the case.

(CoinDesk, modified)
(White House, modified by CoinDesk)
FTX and the Case for Web3 YIMBYism

The Biden administration should help reshore crypto firms to protect consumers and create competitive jobs.

(White House, modified by CoinDesk)
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.

SBF Trial Newsletter Graphic

The Latest News on the SBF Trial

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
(Photo by Spencer Platt/Getty Images)
Sam Bankman-Fried's Trial Is 'Already' Impacting U.S. Crypto Regulation: Lawyer

FTX founder Sam Bankman-Fried is taking the stand again Tuesday for more cross-examination in his criminal trial. Katten partner and co-chair for the firm's financial markets...

(Photo by Spencer Platt/Getty Images)
Sam Bankman-Fried exits a federal courthouse in lower Manhattan on July 26, 2023. (Nikhilesh De/CoinDesk)
Sam Bankman-Fried Found Guilty of All Seven Fraud Counts: What Happens Next?

Sam Bankman-Fried's fate was finally decided by 12 jurors Thursday night. After deliberating for a little over 4 hours, the FTX founder was found guilty on all seven counts fo...

Sam Bankman-Fried exits a federal courthouse in lower Manhattan on July 26, 2023. (Nikhilesh De/CoinDesk)
(CoinDesk, modified)
Inside the Courtroom During Sam Bankman-Fried's Guilty Verdict

A jury found Sam Bankman-Fried guilty on the first anniversary of the award-winning CoinDesk scoop that spurred the FTX founder's downfall. CoinDesk Managing Editor for Global...

(CoinDesk, modified)
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
Unchained Thumbnail
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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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 Latest News on the SBF Trial

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 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

The Latest News on the SBF Trial

Digital Currency Group CEO Barry Silbert asked Sam Bankman-Fried for help, SBF testified Friday (DCG)
Sam Bankman-Fried Rebuffed Barry Silbert's and Celsius' Requests for Help, Ex-FTX CEO Testifies at His Trial

The crypto mogul served as a white knight for other struggling companies, though, before his empire fell, too.

Digital Currency Group CEO Barry Silbert asked Sam Bankman-Fried for help, SBF testified Friday (DCG)
FTX filed for bankruptcy in November 2022 (CraigRJD/Getty)
FTX Customers Hit by 'Withdrawal' Phishing Mails After SIM Swap Attack

Woes for users of Sam Bankman-Fried's former company show no signs of stopping.

FTX filed for bankruptcy in November 2022 (CraigRJD/Getty)
John J Ray III  FTX CEO in November (House Committee on Financial Services)
FTX Estate Can Sell Near 8% Stake in AI StartUp Anthropic, Court Rules

The motion to sell around 7.84% of Anthropic that FTX held as of January 2024 had been filed in early February 2024.

John J Ray III  FTX CEO in November (House Committee on Financial Services)
NEW YORK, NEW YORK - NOVEMBER 30: Andrew Ross Sorkin and Sam Bankman-Fried on stage at the 2022 New York Times DealBook on November 30, 2022 in New York City. (Photo by Thos Robinson/Getty Images for The New York Times)
Sam Bankman-Fried's Post-Collapse Media Blitz Has Clearly Backfired

The FTX founder was grilled Monday by a prosecutor, who used the many words he said to journalists after his crypto company's collapse against him.

NEW YORK, NEW YORK - NOVEMBER 30: Andrew Ross Sorkin and Sam Bankman-Fried on stage at the 2022 New York Times DealBook on November 30, 2022 in New York City. (Photo by Thos Robinson/Getty Images for The New York Times)
Larry David's FTX Super Bowl ad has been brought up ahead of Sam Bankman-Fried's criminal trial. (Matt Winkelmeyer/Getty Images)
Larry David’s Super Bowl Ad Casts Doubt on FTX.US Separation, DOJ Says

Sam Bankman-Fried says the FTX exchange’s bankruptcy isn’t relevant ahead of his October fraud trial.

Larry David's FTX Super Bowl ad has been brought up ahead of Sam Bankman-Fried's criminal trial. (Matt Winkelmeyer/Getty Images)
Bahamian Prime Minister Philip Davis, right, meets Pope Francis (Vatican Media via Vatican Pool/Getty Images)
Bahamian Prime Minister Asked Sam Bankman-Fried to Give His Son Advice on NFT Project

An email mentioning NFTs from Philip Davis was presented in court on Tuesday as part of prosecutors’ fraud case against the FTX founder.

Bahamian Prime Minister Philip Davis, right, meets Pope Francis (Vatican Media via Vatican Pool/Getty Images)
Sam Bankman-Fried appears at the Consensus conference (Suzanne Cordiero/Shutterstock/CoinDesk)
‘Oh, Yes’: Accounting Prof Says Sam Bankman-Fried’s FTX Definitely Mishandled Customers' Money

For starters, customer funds were behind a majority of FTX’s investment into Scaramucci’s SkyBridge Capital, Peter Easton testifies.

Sam Bankman-Fried appears at the Consensus conference (Suzanne Cordiero/Shutterstock/CoinDesk)
FTX bought the naming rights to the Miami Heat arena in March. (Danny Nelson/CoinDesk)
FTX 'Hacker' Moved 15K ETH This Weekend

The moving funds, coming soon before FTX founder and former chief executive Sam Bankman-Fried goes on trial, deepens one of the ongoing mysteries around the exchange's collaps...

FTX bought the naming rights to the Miami Heat arena in March. (Danny Nelson/CoinDesk)