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 SBF was arrested in December 2022, and his bail was revoked due to alleged witness tampering.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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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)

Coinbase Gets a Stake in Circle; FTX's Sam Bankman-Fried Pleads Not Guilty, Again
Coinbase Gets a Stake in Circle; FTX's Sam Bankman-Fried Pleads Not Guilty, Again
“CoinDesk Daily” host Jennifer Sanasie dives into today’s hottest stories in crypto, as FTX founder Sam Bankman-Fried pleads not guilty to his latest indictment. The Wall Stre...
Coinbase Gets a Stake in Circle; FTX's Sam Bankman-Fried Pleads Not Guilty, Again

FTX's Sam Bankman-Fried Latest Court Appearance an 'Interesting Peek' After Being Jailed: Legal Expert
FTX's Sam Bankman-Fried Latest Court Appearance an 'Interesting Peek' After Being Jailed: Legal Expert
Renato Mariotti, Bryan Cave Leighton Paisner LLP partner, weighs in on FTX founder Sam Bankman-Fried facing arraignment yet again in a New York Court on Tuesday. "This is goin...
FTX's Sam Bankman-Fried Latest Court Appearance an 'Interesting Peek' After Being Jailed: Legal Expert

FTX's Sam Bankman-Fried Is the 'Problem,' Not His Lawyers: Former Federal Prosecutor
FTX's Sam Bankman-Fried Is the 'Problem,' Not His Lawyers: Former Federal Prosecutor
FTX founder Sam Bankman-Fried is back in court on Tuesday, getting arraigned on the most recent version of his indictment. Renato Mariotti, Bryan Cave Leighton Paisner LLP par...
FTX's Sam Bankman-Fried Is the 'Problem,' Not His Lawyers: Former Federal Prosecutor

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)

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, 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)

FTX Debtors Change Settlement Proposal After Objection From U.S. Trustee
FTX Debtors Change Settlement Proposal After Objection From U.S. Trustee
Bankrupt crypto exchange FTX has revised its motion for settlement after the U.S. Trustee objected to an earlier motion, according to a court filing. CoinDesk's global policy...
FTX Debtors Change Settlement Proposal After Objection From U.S. Trustee