Did FTX founder Sam Bankman-Fried lie to his customers? Or was he simply trying to save his company? In the biggest crytpo trial ever, a Manhattan court aims to find out
Did FTX founder Sam Bankman-Fried lie to his customers? Or was he simply trying to save his company? In the biggest crytpo trial ever, a Manhattan court aims to find out
In a story surely destined to become a film before the decade is out, one of the crypto industry’s most promising figureheads is currently on trial in New York for alleged fraud, after being arrested in the Bahamas last December. Samuel Benjamin Bankman-Fried, 31, is the founder and CEO of (now bankrupt) cryptocurrency exchange FTX and associated trading firm Alameda Research. This time last year, he was ranked the 41st richest American in the Forbes 400 and the 60th richest person in the world with a peak net worth of $26bn.
In a story surely destined to become a film before the decade is out, one of the crypto industry’s most promising figureheads is currently on trial in New York for alleged fraud, after being arrested in the Bahamas last December. Samuel Benjamin Bankman-Fried, 31, is the founder and CEO of (now bankrupt) cryptocurrency exchange FTX and associated trading firm Alameda Research. This time last year, he was ranked the 41st richest American in the Forbes 400 and the 60th richest person in the world with a peak net worth of $26bn.
Discover the perks of being a member
| Clubhouse Membership | |
|---|---|
| Two Magazines per yearDelivered to your door | |
| Full Access to Paywall contentAccess to all member-only online features | |
| Membership Cardto redeem all the perks. | |
| Members Invites to Exclusive Eventsto private Clubhouse events | |
| Weekly newsletter Straight to your inbox | |
1 year £39.99 Equivalent to £3.33/month |
Discover the perks of being a member
| Clubhouse Membership | |
|---|---|
| Two Magazines per yearDelivered to your door | |
| Full Access to Paywall contentAccess to all member-only online features | |
| Membership Cardto redeem all the perks. | |
| Members Invites to Exclusive Eventsto private Clubhouse events | |
| Weekly newsletter Straight to your inbox | |
1 year £39.99 Equivalent to £3.33/month |