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Sam Bankman-Fried and the Collapse of FTX

The latest news and coverage on the disgraced founder of the crypto exchange FTX

The latest news and coverage on the disgraced founder of the crypto exchange FTX

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Highlights

    2. Sam Bankman-Fried Makes His Last Stand

      Since the disgraced crypto mogul was convicted of fraud, his supporters have maneuvered to secure a lenient sentence, with his lawyers recommending he serve no longer than 6.5 years in prison.

       By David Yaffe-Bellany and Matthew Goldstein

      Sam Bankman-Fried, founder of the crypto firm FTX, leaving federal court in Manhattan in December 2022. He is awaiting sentencing.
      Sam Bankman-Fried, founder of the crypto firm FTX, leaving federal court in Manhattan in December 2022. He is awaiting sentencing.
      CreditJefferson Siegel for The New York Times

    3. The Hot New Market in Crypto? Trading FTX’s Carcass.

      Investors are spending hundreds of millions of dollars on FTX bankruptcy claims, betting that the firm’s new leaders will recover the money that Sam Bankman-Fried misappropriated.

       By David Yaffe-Bellany and Matthew Goldstein

      Thomas Braziel, a partner at the investment firm 117 Partners, has been brokering sales in a hot market: FTX bankruptcy claims.
      Thomas Braziel, a partner at the investment firm 117 Partners, has been brokering sales in a hot market: FTX bankruptcy claims.
      CreditClara Vannucci for The New York Times

  1. Sam Bankman-Fried Is Found Guilty of 7 Counts of Fraud and Conspiracy

    The case against the founder of the failed FTX exchange had come to symbolize the excesses of the volatile cryptocurrency industry.

     By David Yaffe-Bellany, Matthew Goldstein and J. Edward Moreno

    The FTX founder Sam Bankman-Fried, shown in February, was convicted on Thursday after a federal jury in Manhattan deliberated for more than four hours.
    CreditHiroko Masuike/The New York Times

  2. Sam Bankman-Fried’s Wild Rise and Abrupt Crash

    The crypto king gambled that his trading platform would make him a benevolent trillionaire. But after a fraud conviction, all bets are off.

     By David Streitfeld

    Sam Bankman-Fried once partied with stars and big shots, doled out fortunes in looted funds to politicians and himself and was acclaimed as the next Warren Buffett.
    CreditErika P. Rodriguez for The New York Times
    News Analysis

  3. Silicon Valley Shrugs Off Sam Bankman-Fried’s Trial

    Tech investors lauded Mr. Bankman-Fried and helped fund his FTX crypto exchange. The tech industry has since done what it does best: move on.

     By Erin Griffith

    Sam Bankman-Fried, the founder of FTX, leaving federal court in Manhattan in December. Silicon Valley venture firms once clamored to invest in FTX and praised Mr. Bankman-Fried.
    CreditBrittainy Newman for The New York Times

  4. Sam Bankman-Fried’s Trial Nears Finish as Closing Arguments Are Made

    Prosecutors said Mr. Bankman-Fried had built his FTX crypto exchange into a “pyramid of deceit” while the defense said he was simply a “math nerd” who had no intent to defraud.

     By Matthew Goldstein, J. Edward Moreno and David Yaffe-Bellany

    Sam Bankman-Fried, center, the founder of the failed FTX crypto exchange, leaving federal court in Manhattan in December. Prosecutors gave closing statements in his criminal fraud trial on Wednesday.
    CreditBrittainy Newman for The New York Times

  5. Sam Bankman-Fried Was a Grown Up Criminal, Not an Impulsive Man-Child

    Investors bought into the perception of the FTX founder as an unkempt boy genius. The jury didn’t buy it.

     By Ginia Bellafante

    Sam Bankman-Fried forged the public’s perception of him as an ungroomed utilitarian who cared about money only to the extent that he wanted to give it all away.
    CreditHiroko Masuike/The New York Times
    Big CITY

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  10. The Big Number: $68,789

    Investors are watching as the price of Bitcoin gets tantalizingly close to its previous record high.

    By Marie Solis

     
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