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)
Damian Williams and the SBF prosecutor team (Danny Nelson/CoinDesk)
Sam Bankman-Fried Prosecutor Promises 'Handcuffs for All' Crypto Crooks
Damian Williams, the U.S. attorney for the powerful Southern District of New York, set an ominous warning following the conviction of former crypto kingpin Bankman-Fried.
Damian Williams and the SBF prosecutor team (Danny Nelson/CoinDesk)
Johnny Carson making a prediction as "Carnac the Magnificent" (Getty Images)
Market Sees 59% Odds Sam Bankman-Fried Is Found Guilty on All Charges – But There's a Catch
Traders on crypto-powered Polymarket have bet a grand total of $4,512 on the question, underscoring the current limitations of prediction markets.
Johnny Carson making a prediction as "Carnac the Magnificent" (Getty Images)
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)

The SBF Trial Newsletter

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The Latest News on the SBF Trial

Barbara Fried and Joe Bankman at the federal courthouse where their son, Sam Bankman-Fried, was preparing to testify on Oct. 26, 2023 (Victor Chen/CoinDesk)
I genitori di Sam Bankman-Fried chiedono alla Corte di archiviare la causa di FTX che cercava di recuperare fondi

Bankman e Fried, entrambi professori alla Stanford Law School, hanno sostenuto che Bankman non aveva un rapporto fiduciario con FTX.

Barbara Fried and Joe Bankman at the federal courthouse where their son, Sam Bankman-Fried, was preparing to testify on Oct. 26, 2023 (Victor Chen/CoinDesk)
Barbara Fried and Joe Bankman at the federal courthouse where their son, Sam Bankman-Fried, was preparing to testify on Oct. 26, 2023 (Victor Chen/CoinDesk)
Les parents de Sam Bankman-Fried demandent au tribunal de rejeter le procès de FTX visant à récupérer des fonds

Bankman et Fried, tous deux professeurs à la faculté de droit de Stanford, ont fait valoir que Bankman n'avait pas de relation fiduciaire avec FTX.

Barbara Fried and Joe Bankman at the federal courthouse where their son, Sam Bankman-Fried, was preparing to testify on Oct. 26, 2023 (Victor Chen/CoinDesk)
Barbara Fried and Joe Bankman at the federal courthouse where their son, Sam Bankman-Fried, was preparing to testify on Oct. 26, 2023 (Victor Chen/CoinDesk)
Los padres de Sam Bankman-Fried piden al tribunal que desestime la demanda de FTX que busca recuperar fondos

Bankman y Fried, ambos profesores de la Facultad de Derecho de Stanford, argumentaron que Bankman no tenía una relación fiduciaria con FTX.

Barbara Fried and Joe Bankman at the federal courthouse where their son, Sam Bankman-Fried, was preparing to testify on Oct. 26, 2023 (Victor Chen/CoinDesk)
Barbara Fried and Joe Bankman at the federal courthouse where their son, Sam Bankman-Fried, was preparing to testify on Oct. 26, 2023 (Victor Chen/CoinDesk)
Sam Bankman-Fried's Parents Ask Court to Dismiss FTX's Lawsuit Seeking to Recover Funds

Bankman and Fried, both professors at Stanford Law School, argued that Bankman did not have a fiduciary relationship with FTX .

Barbara Fried and Joe Bankman at the federal courthouse where their son, Sam Bankman-Fried, was preparing to testify on Oct. 26, 2023 (Victor Chen/CoinDesk)
Barbara Fried and Joe Bankman at the federal courthouse where their son, Sam Bankman-Fried, was preparing to testify on Oct. 26, 2023 (Victor Chen/CoinDesk)
Os pais de Sam Bankman-Fried pedem ao tribunal que rejeite o processo da FTX que busca recuperar fundos

Bankman e Fried, ambos professores da Stanford Law School, argumentaram que Bankman não tinha uma relação fiduciária com a FTX.

Barbara Fried and Joe Bankman at the federal courthouse where their son, Sam Bankman-Fried, was preparing to testify on Oct. 26, 2023 (Victor Chen/CoinDesk)
A musician in downtown Nassau, The Bahamas on a day no cruise ship had docked
Courtesy: Amitoj Singh/CoinDesk
Date: October 2023
Sam Bankman-Fried's Trial May Be Over, but The Bahamas Is Living Its Own Trial

Bankman-Fried may have been convicted, but The Bahamas appears to be dealing with the stigma of rolling out a red carpet for FTX.

A musician in downtown Nassau, The Bahamas on a day no cruise ship had docked
Courtesy: Amitoj Singh/CoinDesk
Date: October 2023
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
SBF Trial Newsletter Graphic
SBF Trial: The Last Day of Summer Camp

Sam Bankman-Fried's trial ended, in the words of his defense attorney, "gradually, then suddenly."

SBF Trial Newsletter Graphic
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....

Unchained Thumbnail
The SBF TRIAL
SBF TRIAL Podcast 11/7: What's Next for Sam Bankman-Fried's Legal Case

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

The SBF TRIAL
SBF Trial Newsletter Graphic
What's Next for Sam Bankman-Fried's Legal Case?

The FTX founder still faces potential post-trial motions, sentencing and perhaps another trial.

SBF Trial Newsletter Graphic
Unpacking Sam Bankman-Fried’s Guilty Verdict: What Happens Next?
Unpacking Sam Bankman-Fried’s Guilty Verdict: What Happens Next?

FTX founder Sam Bankman-Fried was found guilty by a jury on all seven counts of fraud in federal court. What does this verdict mean for the future of the crypto industry? Coin...

Unpacking Sam Bankman-Fried’s Guilty Verdict: What Happens Next?
(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)
Sam Bankman-Fried Found Guilty of All Seven Fraud Counts: What Happens Next?
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 Found Guilty of All Seven Fraud Counts: What Happens Next?
Inside the Courtroom During Sam Bankman-Fried's Guilty Verdict
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...

Inside the Courtroom During Sam Bankman-Fried's Guilty Verdict
The SBF TRIAL
SBF TRIAL Podcast 11/03: Sam Bankman-Fried Guilty on All 7 Counts in FTX Fraud Trial

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

The SBF TRIAL
SBF Trial Newsletter Graphic
'Unanimous Verdict, Your Honor': Sam Bankman-Fried's Conviction Was Inevitable

Sam Bankman-Fried was found guilty by a jury of his peers on all counts.

SBF Trial Newsletter Graphic
Damian Williams and the SBF prosecutor team (Danny Nelson/CoinDesk)
Sam Bankman-Fried Prosecutor Promises 'Handcuffs for All' Crypto Crooks

Damian Williams, the U.S. attorney for the powerful Southern District of New York, set an ominous warning following the conviction of former crypto kingpin Bankman-Fried.

Damian Williams and the SBF prosecutor team (Danny Nelson/CoinDesk)
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 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)
The SBF TRIAL
SBF TRIAL Podcast 11/02: Jury Deliberations in the Sam Bankman-Fried Planned for Today

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

The SBF TRIAL
(CoinDesk)
Sam Bankman-Fried Demonstrates Ineffective Altruism at Its Worst

The road to hell is paved with good intentions.

(CoinDesk)
SBF Trial Newsletter Graphic
The Case Against Sam Bankman-Fried

The jury will begin deliberations by the end of Thursday.

SBF Trial Newsletter Graphic
FTX looks poised to recover a surprisingly high amount for creditors, a year after Sam Bankman-Fried was undone by a CoinDesk scoop (Adobe Firefly)
A Year After Sam Bankman-Fried's Downfall, Solana and Other FTX Holdings Are Flying High

The FTX founder's downfall began on Nov. 2, 2022 – a year ago Thursday – when CoinDesk published a big scoop. Jurors are poised to begin deliberating his fate on the anniversa...

FTX looks poised to recover a surprisingly high amount for creditors, a year after Sam Bankman-Fried was undone by a CoinDesk scoop (Adobe Firefly)
Trial of Sam Bankman-Fried (Danny Nelson/CoinDesk)
Sam Bankman-Fried on Verge of Tears as His Lawyer Concludes Defense

The alleged fraudster and ex-FTX CEO acted "in good faith," Bankman-Fried's attorney said in an emotional closing argument.

Trial of Sam Bankman-Fried (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)
(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 escorted out of court on Dec. 21, 2022, in Nassau, Bahamas (Joe Raedle/Getty Images)
Sam Bankman-Fried Ran 'Pyramid of Deceit,' Prosecutor Says in Closing Argument; Defense Calls Case Against FTX Founder a Fantasy

Jurors could begin deliberating Bankman-Fried's fate as soon as Thursday.

Sam Bankman-Fried escorted out of court on Dec. 21, 2022, in Nassau, Bahamas (Joe Raedle/Getty Images)
The SBF TRIAL
SBF TRIAL Podcast 11/01: Sam Bankman-Fried’s Final Day of Testimony

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

The SBF TRIAL
Unchained 1080x1920
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.

Unchained 1080x1920
SBF Trial Newsletter Graphic
Sam Bankman-Fried Survived His Testimony. Next Up: The Jury

Wednesday will bring closing arguments in the criminal fraud case against the founder of FTX, the crypto exchange that collapsed nearly a year ago.

SBF Trial Newsletter Graphic
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's Trial Is 'Already' Impacting U.S. Crypto Regulation: Lawyer
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...

Sam Bankman-Fried's Trial Is 'Already' Impacting U.S. Crypto Regulation: Lawyer
The SBF TRIAL
SBF TRIAL Podcast 10/31: Was Sam Bankman-Fried Taking the Stand a Huge Mistake?

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

The SBF TRIAL
Sam Bankman-Fried exiting the federal courthouse at 500 Pearl Street earlier this year. (Nikhilesh De/CoinDesk)
Sam Bankman-Fried Needs Better Answers on the Stand

Bankman-Fried was charming in front of reporters before FTX collapsed. Now he's just defensive.

Sam Bankman-Fried exiting the federal courthouse at 500 Pearl Street earlier this year. (Nikhilesh De/CoinDesk)
SBF Trial Newsletter Graphic
Bankman-Fried Had a Hairy Day in Court

And he's still got more to go.

SBF Trial Newsletter Graphic
Sam Bankman-Fried (Nikhilesh De/CoinDesk)
Sam Bankman-Fried's Defense Team Makes Last-Ditch Bid to Get 'English Law' Detail in Jury Instructions

The term may have implications for the fraud charges Bankman-Fried faces.

Sam Bankman-Fried (Nikhilesh De/CoinDesk)
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)
The SBF TRIAL
SBF TRIAL Podcast 10/30: Sam Bankman-Fried Takes The Stand For a Third Day In FTX Fraud Trial

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

The SBF TRIAL
Sam Bankman-Fried Taking the Stand Was a 'Huge Mistake,' Lawyer Says
Sam Bankman-Fried Taking the Stand Was a 'Huge Mistake,' Lawyer Says

Sam Bankman-Fried is set to face a cross-examination by federal prosecutors Monday, after doubling down on the narrative that FTX failed due to mistakes. Hodder Law Firm found...

Sam Bankman-Fried Taking the Stand Was a 'Huge Mistake,' Lawyer Says
SBF Trial Newsletter Graphic
Sam Bankman-Fried Implied His Friends Lied About His Role in FTX's Collapse

Bankman-Fried's testimony before a jury contradicts prosecutors' key witnesses in subtle ways.

SBF Trial Newsletter Graphic
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)
Sam Bankman-Fried, left, in the pre-trial days with Solana Labs CEO Anatoly Yakovenko (Danny Nelson/CoinDesk)
Sam Bankman-Fried Started Buying Solana's SOL at 20 Cents Using 'Alameda Profits,' He Says at His Trial

"I believed the funds came from Alameda’s operating profits" as well as third-party lenders, he testified Friday at his fraud and conspiracy trial.

Sam Bankman-Fried, left, in the pre-trial days with Solana Labs CEO Anatoly Yakovenko (Danny Nelson/CoinDesk)
The SBF TRIAL
SBF TRIAL Podcast 10/27: Sam Bankman-Fried Takes the Stand, In Front Of The Jury

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

The SBF TRIAL
Prosecutors Have a Collection of Sam Bankman-Fried's 'Greatest Hits,' Lawyer Says
Prosecutors Have a Collection of Sam Bankman-Fried's 'Greatest Hits,' Lawyer Says

Sam Bankman-Fried's testimony began on Thursday without the jury present. Bryan Cave Leighton Paisner LLP partner Renato Mariotti discusses the latest developments surrounding...

Prosecutors Have a Collection of Sam Bankman-Fried's 'Greatest Hits,' Lawyer Says
Sam Bankman-Fried leaves court on Feb. 16, 2023 (Liz Napolitano/CoinDesk)
Sam Bankman-Fried Throws Caroline Ellison Under Bus in Testimony

The former FTX mogul said he asked Alameda Research, the trading firm that played a central role in the exchange’s demise and was run by his former girlfriend, to hedge risks....