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

Sign up here for The SBF Trial, a daily newsletter bringing you insights from inside the courthouse.

The Latest News on the SBF Trial

CoinDesk - Unknown
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 - Unknown
CoinDesk - Unknown
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...

CoinDesk - Unknown
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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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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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(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 (Nikhilesh De/CoinDesk)
Key Points From the Sam Bankman-Fried Trial's First Week

I’ve spent the past week in a courtroom covering Sam Bankman-Fried. Here’s what we’ve heard.

Sam Bankman-Fried (Nikhilesh De/CoinDesk)
Sam Bankman-Fried exiting a New York courthouse earlier this year. (Nikhilesh De/CoinDesk)
DOJ Wants to Block Sam Bankman-Fried From Bringing Up Anthropic AI Raise in Court

FTX owns a stake in Anthropic which was worth $500 million last year.

Sam Bankman-Fried exiting a New York courthouse earlier this year. (Nikhilesh De/CoinDesk)
CoinDesk - Unknown
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...

CoinDesk - Unknown
CoinDesk - Unknown
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...

CoinDesk - Unknown
Sam Bankman-Fried, middle, walks into court on Aug. 11, 2023. (Victor Chen/CoinDesk)
Sam Bankman-Fried Due Back in Court as He Asks for Daily Releases

The FTX founder will be arraigned on Tuesday. Last week, his attorneys asked that he be allowed to review defense filings at a federal prosecutor’s office every weekday.

Sam Bankman-Fried, middle, walks into court on Aug. 11, 2023. (Victor Chen/CoinDesk)
Sam Bankman-Fried (left) exiting a New York courthouse earlier in 2023. (Nikhilesh De/CoinDesk)
We Asked New Yorkers if They’d Heard of Sam Bankman-Fried

“I'd say I'd need to know a little bit more about crypto and how people actually invest in it.” Asking New York City individuals about Sam Bankman-Fried and being on the jury....

Sam Bankman-Fried (left) exiting a New York courthouse earlier in 2023. (Nikhilesh De/CoinDesk)
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Sam Bankman-Fried (Probably) Won’t Get a 115-Year Prison Sentence

The FTX founder will be defending himself against wire fraud and conspiracy charges. Here's what that means.

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The Latest News on the SBF Trial

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)
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)
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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.

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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
FTX founder Sam Bankman-Fried (Nikhilesh De/CoinDesk)
Sam Bankman-Fried's Defense Asks for Clarity on Charity, Bankruptcy Arguments

The trial for the founder of the collapsed crypto exchange FTX is scheduled to start Tuesday, and his lawyers are scoping out the range of arguments they might present.

FTX founder Sam Bankman-Fried (Nikhilesh De/CoinDesk)
Sam Bankman-Fried, middle, walks into court on Aug. 11, 2023. (Victor Chen/CoinDesk)
FTX Customers, Investors Will Testify Against Sam Bankman-Fried, DOJ Says

The filings come just a few days before the trial is set to begin.

Sam Bankman-Fried, middle, walks into court on Aug. 11, 2023. (Victor Chen/CoinDesk)
Sam Bankman-Fried, CEO, FTX and Christine Lee, Lead Anchor, CoinDesk
Sam Bankman-Fried Can Use an 'Air-Gapped' Laptop in Court, Judge Rules

Judge Lewis Kaplan will also allow Bankman-Fried to appear in a suit for the trial.

Sam Bankman-Fried, CEO, FTX and Christine Lee, Lead Anchor, CoinDesk
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Sam Bankman-Fried Can Grill Former FTX Insiders on Drug Use in Court

While Bankman-Fried's lawyers tried again to get him out of jail just days ahead of his trial, the judge overseeing the case inched closer to resolving some outstanding issues...

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Here’s How FTX Founder Sam Bankman-Fried’s Trial May Play Out

Prosecutors will need a jury to reach a unanimous verdict to convict the FTX founder.

SBF Trial Newsletter Graphic
Sam Bankman-Fried outside court in July 2023. (Nikhilesh De/CoinDesk)
Judge Blocks Sam Bankman-Fried's Proposed Witnesses From Testifying

SBF's defense can try again to put some of the FTX founder's witnesses on the stand, though the U.S. Justice Department may still object, Judge Lewis Kaplan wrote.

Sam Bankman-Fried outside court in July 2023. (Nikhilesh De/CoinDesk)
CoinDesk - Unknown
Anthropic's Growing Value Is a 'Fantastic Turn of Events' For FTX Creditors: 117 Partners CEO

OpenAI rival Anthropic's growing value is sparking hope for some FTX creditors that they will be made whole. FTX and Alameda Research previously invested $500M in the startup,...

CoinDesk - Unknown
CoinDesk - Unknown
What Could Sam Bankman-Fried’s Jury Possibly Look Like?

As Sam Bankman-Fried's trial approaches on Oct. 3, CoinDesk TV producers asked people in New York City what they know about about FTX collapse and the exchange's founder. Bank...

CoinDesk - Unknown
CoinDesk - Unknown
FTX Bankruptcy Estate Sues Sam Bankman-Fried's Parents to Retrieve 'Misappropriated Funds'

Bankrupt crypto exchange FTX has sued founder and former CEO Sam Bankman-Fried's parents, Joseph Bankman and Barbara Fried over "misappropriated funds," according to the compa...

CoinDesk - Unknown
CoinDesk - Unknown
Prosecutors Blast FTX Founder Sam Bankman-Fried’s Proposed Jury Questions

The U.S. Department of Justice argues FTX founder Sam Bankman-Fried’s proposed jury questions are “unnecessarily intrusive” and may be intended to support his defense, accordi...

CoinDesk - Unknown
CoinDesk - Unknown
Sam Bankman-Fried’s Lawyer Cross-Examines Prosecution's Star Witness Caroline Ellison

Former Alameda Research CEO Caroline Ellison faced a cross-examination from Sam Bankman-Fried's lawyer Thursday. The line of questioning could signal a defense strategy of pin...

CoinDesk - Unknown
CoinDesk - Unknown
The SBF Trial: Lawyer Says 'It Has Not Been a Good Start' For Bankman-Fried

Former Alameda Research CEO Caroline Ellison testified that she committed fraud at the direction of her ex-boyfriend and former colleague, FTX founder Sam Bankman-Fried. Brade...

CoinDesk - Unknown

The Latest News on the SBF Trial

The SBF TRIAL
SBF TRIAL: Inside Sam Bankman-Fried's Trial Defense Episode 1

SBF’s Trial Defense Is Dissected By The Prosecutor Who Took Down Bernie Madoff

The SBF TRIAL
CoinDesk - Unknown
Sam Bankman-Fried's Trial Enters Week 2: Here’s What to Expect

The trial for FTX founder Sam Bankman-Fried is entering its second week. CoinDesk's global policy and regulation managing editor Nikhilesh De discusses what to expect in the c...

CoinDesk - Unknown
Sam Bankman-Fried, middle, walks into court on Aug. 11, 2023. (Victor Chen/CoinDesk)
Sam Bankman-Fried Due Back in Court as He Asks for Daily Releases

The FTX founder will be arraigned on Tuesday. Last week, his attorneys asked that he be allowed to review defense filings at a federal prosecutor’s office every weekday.

Sam Bankman-Fried, middle, walks into court on Aug. 11, 2023. (Victor Chen/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)
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, 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)
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Sam Bankman-Fried Testifies: What Will He Reveal Under Oath About FTX's Collapse?

Bankman-Fried will testify about FTX's collapse. But he's got a lot he'll need to push back on.

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Matt Huang of Paradigm arrives in court on Thursday, Oct. 5 to testify against Sam Bankman-Fried (Danny Nelson/CoinDesk).
Sam Bankman-Fried, Other FTX Execs Committed Financial Crimes, Co-Founder Wang Testifies

Gary Wang, the former chief technology officer and co-founder of FTX, told a jury that he, Bankman-Fried and fellow former executives Caroline Ellison and Nishad Singh committ...

Matt Huang of Paradigm arrives in court on Thursday, Oct. 5 to testify against Sam Bankman-Fried (Danny Nelson/CoinDesk).
Can Sun, former FTX general counsel, leaves a New York courthouse after testifying against Sam Bankman-Fried on Oct. 19, 2023. (Nik De/CoinDesk)
'Absolutely Not': FTX's Former General Counsel Says He Never Approved Loans of Customer Funds

Can Sun, FTX's general counsel from August 2021 to the time of the exchange’s collapse in November 2022, testified in the Sam Bankman-Fried fraud trial.

Can Sun, former FTX general counsel, leaves a New York courthouse after testifying against Sam Bankman-Fried on Oct. 19, 2023. (Nik De/CoinDesk)
Caroline Ellison, the government's star witness in their case against FTX founder Sam Bankman-Fried, leaving court on Tuesday, Oct. 10 following her first day of testimony. (Danny Nelson/CoinDesk)
Chinese Bribes, Thai Prostitutes and an End to the Lies: Caroline Ellison’s Explosive Second Day of Testimony Against Sam Bankman-Fried

The former Alameda Research CEO wept on the witness stand during her second day of testimony in Sam Bankman-Fried's fraud trial.

Caroline Ellison, the government's star witness in their case against FTX founder Sam Bankman-Fried, leaving court on Tuesday, Oct. 10 following her first day of testimony. (Danny Nelson/CoinDesk)
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Overcrowded, No Heat, Little Light: Inside SBF's Prison Digs

The former CEO who founded FTX, Sam Bankman-Fried, is probably not having a great time as he awaits his criminal trial in federal court.

SBF Trial Newsletter Graphic

The Latest News on the SBF Trial

Sam Bankman-Fried (Elizabeth Napolitano/CoinDesk)
Sam Bankman-Fried Lawyers ‘Need’ Him Out Of Jail Ahead of Trial, They Tell Judge

The former FTX CEO-turned criminal defendant's team said they have “no faith” in prosecutors’ claimed efforts to address his jailhouse woes.

Sam Bankman-Fried (Elizabeth Napolitano/CoinDesk)
Sam Bankman-Fried, middle, walks into court on Aug. 11, 2023. (Victor Chen/CoinDesk)
Sam Bankman-Fried Jailed Ahead of Trial

Bankman-Fried was accused of leaking former Alameda Research CEO Caroline Ellison's diary to the New York Times.

Sam Bankman-Fried, middle, walks into court on Aug. 11, 2023. (Victor Chen/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)
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)
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(One Part of) Sam Bankman-Fried's Defense Strategy Starts Paying Off

The defense team landed some hits during its cross-examination of a key witness against Sam Bankman-Fried.

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SBF Trial: Nishad Singh Felt ‘Suicidal’ in Crypto Exchange’s Final Days

“Five years of blood, sweat, and tears turned out to be for something evil,” Nishad Singh told a jury.

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No Jury Yet, but We're Getting There

No death penalty either, the judge had to reassure a prospective juror.

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BlockFi CEO Zac Prince (right) leaves the courthouse (Danny Nelson/CoinDesk)
SBF Trial: Crypto Lender BlockFi Believed Alameda Was Solvent Given Balance Sheet It Was Shown, CEO Testifies

BlockFi lost “a little over a billion dollars” due to its involvement with FTX and Alameda Research, Zac Prince said.

BlockFi CEO Zac Prince (right) leaves the courthouse (Danny Nelson/CoinDesk)
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Sam Bankman-Fried’s Closest Friends Will Testify Against Him. Here’s Who Else We’ll Hear From

Sam Bankman-Fried's trial is set to start this Tuesday, and some of his former closest friends, have become his biggest threat.

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Former FTX CEO Sam Bankman-Fried faced tough questions Monday at his fraud and conspiracy trial (Liz Napolitano/CoinDesk)
Sam Bankman-Fried Grilled by Prosecutor, Who Points Out Contradictions in His Testimony

Assistant U.S. Attorney Danielle Sassoon repeatedly cornered the FTX founder on his public statements about his involvement with his affiliated trading firm Alameda and the sa...

Former FTX CEO Sam Bankman-Fried faced tough questions Monday at his fraud and conspiracy trial (Liz Napolitano/CoinDesk)
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....

Sam Bankman-Fried leaves court on Feb. 16, 2023 (Liz Napolitano/CoinDesk)
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All of Sam Bankman-Fried's Proposed Expert Witnesses Should Be Barred From Testifying: DOJ

The defense team moved to bar one of the prosecution's proposed witnesses as well.

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Sam Bankman-Fried May Testify to Role of Lawyers, 'Good Faith' Efforts, Filing Says

Wednesday filings by Bankman-Fried's defense team and the DOJ hint at his possible defense arguments.

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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)
FTX founder sam bankman-fried
Everything to Know About Sam Bankman-Fried’s Second Week in Court

CoinDesk combed through trial documents, transcripts and reports for highlights about Caroline Ellison’s testimony, updates on FTX’s $400 million hack and more.

FTX founder sam bankman-fried
(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)
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'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.

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The SBF Trial and How We Got Here