- Back to menuPrices
- Back to menuResearch
- Back to menuConsensus
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars & Events
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 SBF was arrested in December 2022, and his bail was revoked due to alleged witness tampering.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 Balances Fell 87% in 5 Days in Epic Crypto Deposit Run, Data Shows
A glance at data from Arkham Intelligence shows the behind-the-scenes operational reality that drove billionaire Sam Bankman-Fried's beleaguered FTX exchange to order a withdrawal halt this week. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
FTX US Warns of Possible Trading Halt; SBF Tweets: Well Played, You Won
Crypto exchange FTX US warned its users to close their positions as it might halt trading in the coming days. Plus, FTX CEO Sam Bankman-Fried tweets "Alameda Research is winding down trading" and wrote in an apparent dig to Binance, "Well played; you won."
The Role Regulators Played in the FTX Fiasco
The collapse of Sam Bankman-Fried's blockchain empire is a direct result of crypto’s centralized development and lack of U.S. regulations.
Tron's TRX Jumps 140% Amid 1:1 FTX Redemption of Tron-Based Tokens
FTX announced that Tron-based assets could be moved to external wallets.
White House Says FTX Crash ‘Underscores’ Crypto Concerns
White House Press Secretary Karine Jean-Pierre told reporters that the Biden administration is aware of FTX’s ongoing problems and will continue to monitor the situation.
Sam Bankman-Fried Tweets Apology as FTX Fallout Continues
FTX CEO Sam Bankman-Fried took to Twitter to apologize for the crisis plaguing his troubled crypto exchange and affiliate Alameda Research. "The Hash" panel discusses the latest in the downfall of FTX and what the future holds.
FTX US Warns of Trading Halt Hours After Bankman-Fried Says It's '100% Liquid'
Sam Bankman-Fried said the FTX US entity's users would be able to withdraw all their funds.
FTX Violated Its Own Terms of Service and Misused User Funds, Lawyers Say
Although the crypto exchange's terms of service prevented it from using customer assets, lawyers suggest FTX's swift downfall indicates the funds were misused.
FTX Balances Tumbled 87% in 5 Days in Epic Crypto Deposit Run, Data Shows
A glance at data from Arkham Intelligence shows the behind-the-scenes operational reality that drove billionaire Sam Bankman-Fried's beleaguered FTX exchange to order a withdrawal halt this week.
