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Sam Bankman-Fried
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 SBF was arrested in December 2022, and his bail was revoked due to alleged witness tampering.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.
FTX US Attains $8B Valuation in $400M Fundraise Including SoftBank, Temasek
The cryptocurrency exchange intends to use the funds to launch new business lines and explore strategic investments and acquisitions.
What Crypto Startups Is FTX Planning to Invest In With New $2B Venture Fund?
Crypto derivatives exchange FTX has set up FTX Ventures, a $2 billion fund to invest in crypto-industry startups. The full funding came from FTX and its founder, Sam Bankman-Fried. Amy Wu shares insights into FTX Ventures and what investment opportunities she’s continuing to watch.
Sam Bankman-Fried: Stablecoin Regulation Coming in 2022
The richest person in crypto, CEO of crypto exchange FTX Sam Bankman-Fried, shares his regulatory predictions for 2022 and how his company plans to manage potential digital asset policies in the new year. Plus, Bankman-Fried discusses the possibilities of an IPO and why The Commonwealth of The Bahamas is leading the world in cryptocurrency framework.
FTX US Joins International Swaps and Derivatives Association
The crypto exchange plans to work with the association to build up crypto derivatives markets in the U.S. and around the world, CEO Sam Bankman-Fried tweeted.
Crypto CEOS Testifying at Landmark Hearing
Amidst regulatory uncertainty, FTX’s Sam Bankman-Fried, Bitfury’s Brian Brooks, and Circle’s Jeremy Allaire are among the six executives speaking at today’s House Financial Services Committee hearing. CoinDesk’s Nikhilesh De discusses the potential outcomes. Plus, the Senate Banking Committee will reconvene next Tuesday to discuss stablecoins.
Most Influential 2021: Sam Bankman-Fried
His FTX juggernaut is naming sports stadiums and placing ads at the World Series. But the entrepreneur is remaining humble.
FTX Proposes Changes to US Crypto Regulation
Sam Bankman-Fried’s FTX is the latest crypto firm to publish a policy proposal ahead of Wednesday’s House Financial Services Committee hearing. CoinDesk’s Nikhilesh De discusses what we know and why this is a continuing story to watch.
FTX to Seek $1.5B in New Funding Round at $32B Valuation: Report
The company’s CEO Sam Bankman-Fried will ask investors to purchase shares in its U.S. affiliate, FTX.US, at an $8 billion valuation.
FTX Looks to Expand Globally Through Local Partners, Bankman-Fried Says
The CEO said on CoinDesk TV the crypto exchange could spend over $1 billion in a buying spree next year.
FTX Scores Another Sports Sponsorship With Super Bowl Ad
The crypto exchange is buying into one of the biggest sporting events of the year. Of course it is.
