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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 SBF was arrested in December 2022, and his bail was revoked due to alleged witness tampering.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.
Ledn Makes Competing Bid for Troubled Crypto Lender BlockFi: Report
BlockFi CEO Zac Prince denied a story that his company had agreed to a sale to FTX for just $25 million.
FTX’s Sam Bankman-Fried Denies Robinhood Acquisition Rumor
“The Hash” group discusses FTX’s ever-expanding presence across crypto sector, its ambitions to integrate with traditional financial assets. Plus, how the company is weathering through the bear market and its growth plans.
Robinhood Shares Spike on Report FTX May Be Seeking to Acquire It
Plans are still in the preliminary stages, according to a report from Bloomberg.
FTX Token DAO Raises $7M From Community of Sam Bankman-Fried Fans
A community dedicated to FTT, the native token of crypto exchange FTX, has raised $7 million (250,000 FTT), which will be converted into an ecosystem fund for community-led projects across DeFi and crypto education. "The Hash" team discusses the latest in Sam Bankman-Fried's crypto empire.
FTX Token DAO Raises $7M From Community of Sam Bankman-Fried Fans
The money is destined for a fund that will contribute to community-led projects across DeFi and crypto education.
SBF Agrees Second Bailout; Pride in the Metaverse
Bitcoin, cryptocurrencies return to red with soaring U.K. inflation. Sam Bankman-Fried steps in to bail out BlockFi.Indian tax authorities to discuss 28% GST on crypto trading next week. Chinese regulators vow to prevent further crypto risks. Pride events head into the metaverse, offering a new safe space for the LGBT community. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Is Sam Bankman-Fried a Modern-Day Robber Baron?
In bailing out the crypto industry, the digital asset titan is acting like at least one Gilded Age financier.
FTX Unit Buys Stock-Clearing Platform Embed to Expand Equity Trading Infrastructure
The acquisition is intended to aid FTX.US' equity trading ambitions.
FTX Founder Sam Bankman-Fried Signs Billionaires’ Giving Pledge
The crypto billionaire has promised to give away the majority of his wealth to philanthropic causes.