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

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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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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...

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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...

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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)
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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...

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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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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 Latest News on the SBF Trial

Sam Bankman-Fried (Nikhilesh De/CoinDesk)
Sam Bankman-Fried Defense Has 6 Witnesses to Open With: DOJ

The DOJ filing did not name any of the potential defense witnesses, and it's still unclear whether Bankman-Fried himself will testify.

Sam Bankman-Fried (Nikhilesh De/CoinDesk)
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The Sam Bankman-Fried Trial: One Expert Witness

Bankman-Fried's defense team has revealed its sole proposed expert witness, who’ll try to point out flaws in the DOJ’s presentations.

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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)
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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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The SBF Trial: Ex-FTX Exec Nishad Singh Faces Cross-Examination

Nishad Singh, a former member of FTX founder Sam Bankman-Fried's inner circle, faced cross examination from defense attorney Marc Cohen yesterday. CoinDesk executive director...

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Ex-FTX Exec Nishad Singh Back in Court After Testifying about Sam Bankman-Fried's 'Excess' Spending

Former FTX executive Nishad Singh is testifying before jurors again Tuesday as Sam Bankman-Fried's criminal trial continues. Singh, who said he knew around $8 billion of FTX c...

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The SBF Trial: Upcoming Witnesses Include Ex-FTX Exec Nishad Singh

Week three of FTX founder Sam Bankman-Fried's trial is kicking off. Prosecutors have indicated jurors will soon hear from FTX co-founder Nishad Singh. Tully & Weiss criminal d...

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Sam Bankman-Fried (right) exits a Manhattan courtroom on July 26, 2023. (Nikhilesh De/CoinDesk)
U.S. DOJ Has 'Extremely Thin' Basis for Jailing FTX's Bankman-Fried Ahead of Trial: Defense

Prosecutors moved to revoke Sam Bankman-Fried's bond release, alleging his sharing Caroline Ellison's diary with the New York Times amounts to witness tampering.

Sam Bankman-Fried (right) exits a Manhattan courtroom on July 26, 2023. (Nikhilesh De/CoinDesk)
Sam Bankman-Fried leaving a courthouse in July 2023 (Nikhilesh De/CoinDesk)
Sam Bankman-Fried Is Now in Jail

Yes we’re still talking about the boy wonder and his pending trial.

Sam Bankman-Fried leaving a courthouse in July 2023 (Nikhilesh De/CoinDesk)
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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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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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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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Sam Bankman-Fried's Trial: A Look Inside the Courtroom

CoinDesk's global policy and regulation managing editor Nikhilesh De shares the details of what it's been like inside the courtroom for FTX founder Sam Bankman-Fried's ongoing...

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Criminal Defense Attorney Explains Why Sam Bankman-Fried's Legal Strategy Could 'Fail'

In opening statements yesterday, prosecutors said Sam Bankman-Fried's crypto empire was a "house of cards" that was "built on a lie," while the defense claimed the FTX founder...

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The SBF Trial: Names You Should Know

Sam Bankman-Fried will head to court on Oct. 3, facing charges related to fraud and conspiracy. The FTX founder has pleaded not guilty and awaits his trial in jail. "CoinDesk...

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Sam Bankman-Fried's Request for Temporary Release Denied by Judge Again

A federal judge ruled on Thursday that Sam Bankman-Fried will have to remain in jail for the duration of his trial, denying the FTX founder's third attempt at being released f...

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FTX Founder Sam Bankman-Fried Refiles for Temporary Release Ahead of Trial

Lawyers for Sam Bankman-Fried filed another letter late Monday to the Judge overseeing the case, hoping to once again request for the FTX founder's temporary release from pris...

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FTX founder Sam Bankman-Fried (Nikhilesh De/CoinDesk)
Sam Bankman-Fried Will Remain in Jail Through the Start of His Trial

An appeals court rejected his attorneys’ attempt to free him in the run-up to the trial.

FTX founder Sam Bankman-Fried (Nikhilesh De/CoinDesk)
Sam Bankman-Fried, right, and his parents, Joe Bankman and Barbara Fried (Victor Chen/CoinDesk)
Sam Bankman-Fried’s Dad Thought His Son Wasn’t Paying Him Enough, So He Got Mom Involved

The alleged dispute over Joe Bankman’s $200,000 FTX salary versus his desired $1 million points to an unusual family dynamic at the former cryptocurrency colossus.

Sam Bankman-Fried, right, and his parents, Joe Bankman and Barbara Fried (Victor Chen/CoinDesk)
Barbara Fried, center, and Joseph Bankman, second from the left, exiting a New York courthouse on Aug. 11, 2023. (Victor Chen/CoinDesk)
FTX Bankruptcy Estate Sues Sam Bankman-Fried’s Parents, Joseph and Barbara, to Claw Back ‘Misappropriated Funds'

The filing, redacted in parts, asks the court to award the FTX estate damages, the return of any property given or payment made to the parents.

Barbara Fried, center, and Joseph Bankman, second from the left, exiting a New York courthouse on Aug. 11, 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
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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...

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What's Next for Sam Bankman-Fried's Legal Case?

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

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SBF Trial: The Last Day of Summer Camp

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

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Sam Bankman-Fried outside court in July 2023. (Nikhilesh De/CoinDesk)
Prosecutors, Sam Bankman-Fried File Proposed Jury Instructions for Trial

The FTX founder's lawyers are suggesting Bankman-Fried acted in good faith, with a trial set for October.

Sam Bankman-Fried outside court in July 2023. (Nikhilesh De/CoinDesk)
Sam Bankman-Fried (left) exiting a New York courthouse earlier in 2023. (Nikhilesh De/CoinDesk)
Lack of U.S. Crypto Laws Irrelevant to Bankman-Fried Allegations, DOJ Says

The FTX founder’s fraud trial began selecting a jury Tuesday as lawyers spar about what evidence its members can see.

Sam Bankman-Fried (left) exiting a New York courthouse earlier in 2023. (Nikhilesh De/CoinDesk)
Sam Bankman-Fried, middle, walks into court on Aug. 11, 2023. (Victor Chen/CoinDesk)
Bankman-Fried Seeks to Block Prosecutors Calling FTX Investors, Former Insiders as Witnesses

Lawyers are still quibbling over what evidence can be brought to the FTX founder’s fraud trial, hours before jury selection is due to start.

Sam Bankman-Fried, middle, walks into court on Aug. 11, 2023. (Victor Chen/CoinDesk)
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)

The Latest News on the SBF Trial

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Sam Bankman-Fried’s Terrible, Horrible, No Good, Very Bad Day

The FTX founder and accused fraudster was lucky the jury wasn’t there to hear his cross-examination Thursday during an unusual procedural hearing in the criminal case.

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Things Sam Bankman-Fried's Lawyers Should Be Freaking Out About

Caroline Ellison kept a watchlist of SBF's biggest gripes. Perhaps his lawyers need one, too.

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The Collapse of FTX, in Sam’s Own Words

As we prepare to hear from the DOJ and Sam Bankman-Fried, here’s what the former crypto executive had to say about FTX’s collapse last year.

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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)
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EmSam, Jury Questions and Another Denial for Bankman-Fried

Sam Bankman-Fried drafted a set of tweets discussing his use of an antidepressant.

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Sam Bankman-Fried outside a courthouse in July 2023. (Nikhilesh De/CoinDesk)
Sam Bankman-Fried Pleads Not Guilty to Latest Indictment

Bankman-Fried's attorney later deplored Bankman-Fried's lack of vegan options in prison, saying he was "subsisting on a diet of bread and water" during the hearing.

Sam Bankman-Fried outside a courthouse in July 2023. (Nikhilesh De/CoinDesk)
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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.

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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.

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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.

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Sam Bankman-Fried outside a courthouse in July 2023. (Nikhilesh De/CoinDesk)
Sam Bankman-Fried's Complaints About Discovery Are 'Misleading,' DOJ Says

Prosecutors push back on the ex-FTX CEO’s claims that they’re dumping too many documents on him, responding that the evidence had been at his fingertips for months.

Sam Bankman-Fried outside a courthouse in July 2023. (Nikhilesh De/CoinDesk)
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Sam Bankman-Fried's Allotted Prison Tech Is Inconvenient, but Fair: U.S. DOJ

Federal prosecutors say the FTX founder's access to technology in pretrial detention goes "above and beyond '' that which other defendants have been offered.

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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.

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(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 (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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The SBF Trial and How We Got Here