Sam Bankman-Fried

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Sam Bankman-Fried, once a pivotal figure in the cryptocurrency industry, was convicted in November 2023 of committing fraud and conspiracy for stealing billions of dollars of money belonging to customers of his FTX crypto exchange, funneling the money to Alameda Research, his hedge fund. FTX had been one of the largest cryptocurrency exchanges before its demise, a major player in derivatives trading including perpetual futures. The company's undoing was spurred by a CoinDesk scoop in November 2022 showing Alameda's balance sheet was mysteriously full of the FTT token issued by FTX – calling into question both Alameda and FTX's financial stability. The Bahamas-based company filed for bankruptcy nine days after the story. Before his downfall, SBF (as the former billionaire is commonly known as) had been a leading figure in crypto, pushing for regulation of the industry in the U.S. He was a major political donor and the public face of effective altruism, a movement geared toward maximizing the amount of good done by philanthropy. SBF was arrested in December 2022, and his bail was revoked due to alleged witness tampering. His trial began in October 2023, and he was convicted on Nov. 2, 2023, a year to the day after the CoinDesk story that caused his crypto empire to crumble.

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Sam Bankman-Fried outside court in July 2023. (Nikhilesh De/CoinDesk)
Sam Bankman-Fried's Laptop Has a New Battery Now, DOJ Says
A joint letter filed Tuesday details the amount of access the FTX founder has to discovery material.
Sam Bankman-Fried outside court in July 2023. (Nikhilesh De/CoinDesk)

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

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)

ROBINHOOD app on a smartphone (Shutterstock)
Robinhood to Buy Back Sam Bankman-Fried's Stake for $605.7M
The 55 million HOOD shares were owned by Sam Bankman-Fried and fellow FTX co-founder Gary Wang through Emergent Fidelity Technologies
ROBINHOOD app on a smartphone (Shutterstock)

Sam Bankman-Fried Lawyers Told Judge They ‘Need’ Him Out of Jail Ahead of Trial
Sam Bankman-Fried Lawyers Told Judge They ‘Need’ Him Out of Jail Ahead of Trial
Sam Bankman-Fried’s lawyers said in a Wednesday hearing that they "need" the FTX founder to be released temporarily from jail for his legal defense work, but the defense team...
Sam Bankman-Fried Lawyers Told Judge They ‘Need’ Him Out of Jail Ahead of 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)

FTX Founder Sam Bankman-Fried’s Planned Defense ‘Irrelevant’ Without More Details, Govt Says
FTX Founder Sam Bankman-Fried’s Planned Defense ‘Irrelevant’ Without More Details, Govt Says
Lawyers for the Department of Justice said in a Tuesday legal filing that Sam Bankman-Fried’s plan to argue his lawyers approved alleged fraud during his time at FTX should be...
FTX Founder Sam Bankman-Fried’s Planned Defense ‘Irrelevant’ Without More Details, Govt Says

Sam Bankman-Fried's Proposed Expert Witnesses Should All Be Barred From Testifying: DOJ
Sam Bankman-Fried's Proposed Expert Witnesses Should All Be Barred From Testifying: DOJ
The Department of Justice said in a filing that all of Sam Bankman-Fried's proposed witnesses should be disqualified from testifying. CoinDesk's global policy and regulation m...
Sam Bankman-Fried's Proposed Expert Witnesses Should All Be Barred From Testifying: DOJ

Sam Bankman-Fried leaving court on February 16, 2023 (Liz Napolitano/CoinDesk)
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.
Sam Bankman-Fried leaving court on February 16, 2023 (Liz Napolitano/CoinDesk)

Sam Bankman-Fried outside court in July 2023. (Nikhilesh De/CoinDesk)
Sam Bankman-Fried’s Planned Defense ‘Irrelevant’ Without More Details, Govt Says
The FTX founder’s constitutional rights are being violated because he is ‘unable’ to prepare his defense from jail, his lawyers argued
Sam Bankman-Fried outside court in July 2023. (Nikhilesh De/CoinDesk)