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A court sketch shows Sam Bankman-Fried sitting between his defence attorneys Marc Mukasey and Torrey Young during his sentencing hearing

FTX founder jailed for 25 years over billion-dollar fraud

Sam Bankman-Fried has been sentenced to 25 years in prison for stealing $8 billion from customers of the now-bankrupt FTX cryptocurrency exchange he founded, the last step in the former billionaire wunderkind's downfall.

US • 28 Mar 24

Sam Bankman-Fried had faced six additional charges after being convicted for defrauding FTX customers in November

Sam Bankman-Fried will not face a second trial in US

US prosecutors said they do not plan to conduct a second trial against Sam Bankman-Fried, who was convicted last month of stealing from customers of his now-bankrupt FTX cryptocurrency exchange.

US • 30 Dec 23

The stunning rise of Sam Bankman-Fried and his FTX platform would be matched by an equally spectacular fall.

Sam Bankman-Fried, the fallen wonderboy of crypto

He was the face of cryptocurrency, and a young one at that - a media darling seemingly destined to unite the sector.

Business • 28 Mar 24

A 12-member jury in Manhattan federal court convicted him on all seven counts (file image)

Bankman-Fried convicted of defrauding FTX customers

FTX founder Sam Bankman-Fried has been found guilty of defrauding customers of his now-bankrupt cryptocurrency exchange in one of the biggest financial frauds on record, a verdict that cemented the 31-year-old former billionaire's fall from grace.

US • 03 Nov 23

Bankman-Fried has acknowledged making mistakes running FTX and Alameda, but has said he never knowingly committed fraud.

Sam Bankman-Fried will testify at criminal trial

Sam Bankman-Fried plans to testify in his own defense at his criminal fraud trial, after his closest associates blamed the former billionaire for the collapse last November of his now-bankrupt FTX cryptocurrency exchange.

Business • 27 Oct 23

Bankman-Fried's former colleague takes stand at trial

Sam Bankman-Fried's former colleague and fellow political donor Nishad Singh took the witness stand on Monday at the 31-year-old former billionaire's fraud trial, becoming the third former member of his inner circle to testify against him.

Business • 16 Oct 23

Ellison resumes testimony in Bankman-Fried's trial

Caroline Ellison, the former co-head of Sam Bankman-Fried's hedge fund and a pivotal witness in his trial on fraud charges tied to the collapse of his FTX cryptocurrency exchange, resumed testifying today.

Business • 11 Oct 23

Sam Bankman-Fried took over $10bn from FTX customers

Sam Bankman-Fried took more than $10 billion from unsuspecting customers of his now-bankrupt FTX cryptocurrency exchange, a US prosecutor said today in opening statements at the 31-year-old former billionaire's fraud trial.

Business • 04 Oct 23

Fraud trial of FTX's Bankman-Fried gets under way

Sam Bankman-Fried's fraud trial got under way with jury selection today, nearly a year after his now-bankrupt cryptocurrency exchange's collapse shocked markets and tattered his reputation.

Business • 03 Oct 23

US prosecutors have accused Sam Bankman-Fried of orchestrating an "epic" fraud

Collapsed crypto giant recovers over $5bn of assets

Collapsed cryptocurrency exchange FTX has recovered more than $5 billion in liquid assets but the extent of customer losses in the collapse of the company founded by Sam Bankman-Fried is still unknown, an attorney for the company told a US bankruptcy court.

Business • 12 Jan 23

Sam Bankman-Fried arrives at the Manhattan federal court in New York

Bankman-Fried pleads not guilty in FTX fraud case

Sam Bankman-Fried has pleaded not guilty to criminal charges that he cheated investors in his now-bankrupt FTX cryptocurrency exchange.

Business • 03 Jan 23

FTX filed for bankruptcy earlier this month after a rush of customer withdrawals

FTX, CEO's parents bought Bahamas property worth $121m

The recent collapse of the cryptocurrency exchange FTX has sparked renewed calls for regulation of the sector.

Business • 22 Nov 22

FTX's native token, FTT is down 90% this week

FTX's CEO seeks funds after Binance deal collapse

Sam Bankman-Fried is seeking to put together a rescue package of up to $9.4 billion for his troubled cryptocurrency exchange FTX, a person with direct knowledge of the matter said today.

Business • 10 Nov 22

Sam Bankman-Fried