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 SBF was arrested in December 2022, and his bail was revoked due to alleged witness tampering.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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FTX's Sam Bankman-Fried Wants a 'Temporary Release' From Jail; Is Bitcoin Becoming an Election Issue?
FTX's Sam Bankman-Fried Wants a 'Temporary Release' From Jail; Is Bitcoin Becoming an Election Issue?
"CoinDesk Daily" host Jennifer Sanasie breaks down the hottest stories in crypto today, including attorneys for Sam Bankman-Fried wanting to secure the FTX founder a "temporar...
FTX's Sam Bankman-Fried Wants a 'Temporary Release' From Jail; Is Bitcoin Becoming an Election Issue?

Sam Bankman-Fried outside a courthouse in July 2023. (Nikhilesh De/CoinDesk)
Sam Bankman-Fried Appeals Decision Jailing Him Ahead of Trial: Reuters
A judge had previously revoked bail for Bankman-Fried after he tried to tamper with witnesses. His lawyers argue that it is his constitutional right to have a fair chance to p...
Sam Bankman-Fried outside a courthouse in July 2023. (Nikhilesh De/CoinDesk)

FTX Founder Sam Bankman-Fried's Attorneys Renew Push for 'Temporary Release' Ahead of October Trial
FTX Founder Sam Bankman-Fried's Attorneys Renew Push for 'Temporary Release' Ahead of October Trial
FTX founder Sam Bankman-Fried's attorneys have filed a new motion to secure his "temporary release" from jail for his legal defense work. CoinDesk's global policy and regulati...
FTX Founder Sam Bankman-Fried's Attorneys Renew Push for 'Temporary Release' Ahead of October Trial

Sam Bankman-Fried, middle, walks into court on Aug. 11, 2023. (Victor Chen/CoinDesk)
Sam Bankman-Fried's Defense Renews Push for 'Temporary Release' Ahead of October Trial
The FTX founder's bond was revoked earlier this month, after a judge found he had violated his bail conditions on at least two occasions.
Sam Bankman-Fried, middle, walks into court on Aug. 11, 2023. (Victor Chen/CoinDesk)

Criminal Defense Attorney Reacts to Tornado Cash Indictment, SBF's Defense Strategy
Criminal Defense Attorney Reacts to Tornado Cash Indictment, SBF's Defense Strategy
Two Tornado Cash developers face allegations of money laundering and sanctions violations. Tully & Weiss Criminal Defense Attorney Joseph Tully discusses his reaction, drawing...
Criminal Defense Attorney Reacts to Tornado Cash Indictment, SBF's Defense Strategy

Sam Bankman-Fried leaves a federal court in Manhattan following a hearing to dismiss some of the charges leveled against him. (Elizabeth Napolitano / CoinDesk)
Sam Bankman-Fried’s Lawyers Given Green Light for Unlimited Prison Visits
The FTX founder's lawyers will visit him in prison to prepare their defense after a judge denied Bankman-Fried’s request to have daily meetings at his lawyers’ Manhattan offic...
Sam Bankman-Fried leaves a federal court in Manhattan following a hearing to dismiss some of the charges leveled against him. (Elizabeth Napolitano / CoinDesk)

Sam Bankman-Fried's Defense Strategy; Binance.US Customers Now Have Access to MoonPay
Sam Bankman-Fried's Defense Strategy; Binance.US Customers Now Have Access to MoonPay
“CoinDesk Daily” host Jennifer Sanasie dives into today’s hottest stories in crypto, as bitcoin hovers around $26,300 and XRP has lost nearly all its gains since the historic...
Sam Bankman-Fried's Defense Strategy; Binance.US Customers Now Have Access to MoonPay

Could Sam Bankman-Fried's 'Blame-the-Lawyers' Strategy Work?
Could Sam Bankman-Fried's 'Blame-the-Lawyers' Strategy Work?
Sam Bankman-Fried's defense team published a letter detailing a planned "advice of counsel" strategy, which argues that the FTX founder was acting in "good faith" in loaning f...
Could Sam Bankman-Fried's 'Blame-the-Lawyers' Strategy Work?

FTX Founder Sam Bankman-Fried Intends to Blame Fenwick & West Lawyers in His Defense
FTX Founder Sam Bankman-Fried Intends to Blame Fenwick & West Lawyers in His Defense
Sam Bankman-Fried intends to argue he was acting in "good faith" in loaning funds to FTX and Alameda executives, in setting Signal messages to auto-delete and in setting up a...
FTX Founder Sam Bankman-Fried Intends to Blame Fenwick & West Lawyers in His Defense

Sam Bankman-Fried, middle, walks into court on Aug. 11, 2023. (Victor Chen/CoinDesk)
FTX Founder Sam Bankman-Fried Intends to Blame Fenwick & West Lawyers in His Defense
Sam Bankman-Fried appeared in court Tuesday to plead not guilty to latest indictment.
Sam Bankman-Fried, middle, walks into court on Aug. 11, 2023. (Victor Chen/CoinDesk)