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News Articles: Sam Bankman-Fried

FTX founder Sam Bankman-Fried arrives at the U.S. Federal Court in New York for a hearing on Feb. 16, 2023. As he awaits trial, the disgraced former CEO is defending himself in the court of public opinion.

Tagged as: 

  • Business

Disgraced FTX founder Sam Bankman-Fried has another big problem: He won't shut up

Most white-collar defendants lay low, but the ex-CEO of the collapsed cryptocurrency exchange FTX has been talking, tweeting, and sending email newsletters. Those comments could come back to hurt him.

February 26, 2023
|
By:
  • David Gura
Former FTX chief executive Sam Bankman-Fried leaves a Manhattan federal court in New York on Jan. 3. The ramifications of the collapse of FTX continue to be felt across the crypto industry.

Tagged as: 

  • Business

3 events that will determine the fate of cryptocurrencies

Cryptocurrencies are reeling after a miserable year that saw the collapse of companies such as FTX. A look at what lies ahead.

January 18, 2023
|
By:
  • David Gura
Former FTX chief executive Sam Bankman-Fried arrives in a Manhattan federal court in New York on Jan. 3. Bankman-Fried pled not guilty to criminal fraud charges related to the spectacular collapse of his crypto exchange.

Tagged as: 

  • Business

Sam Bankman-Fried pleads not guilty to fraud and other charges tied to FTX's collapse

The co-founder and former CEO of FTX pleaded not guilty to eight criminal counts related to the spectacular collapse of his crypto exchange.

January 04, 2023
|
By:
  • David Gura
FTX founder Sam Bankman-Fried leaves Manhattan Federal Court after his first court appearance in New York. Federal prosecutors have charged him with criminal fraud.

Tagged as: 

  • Business

2022 was the year crypto came crashing down to Earth

For the world of crypto, 2022 started with exuberance and ended with its unofficial spokesman in handcuffs.

December 29, 2022
|
By:
  • David Gura
FTX founder Sam Bankman-Fried, center, is escorted from the Magistrate Court in Nassau, Bahamas, Wednesday, Dec. 21, after agreeing to be extradited to the U.S.

Tagged as: 

  • Business

Sam Bankman-Fried to be released on $250 million bail into parents' custody

The founder of cryptocurrency exchange FTX appeared in court after being extradited from the Bahamas. He's charged with alleged fraud, conspiracy, money laundering and illegal campaign contributions.

December 22, 2022
|
By:
  • David Gura
On Monday, FTX founder Sam Bankman-Fried was arrested by police in the Bahamas at the request of the U.S. government.

Tagged as: 

  • Business

Binance was once FTX's rival and possible savior. Now it's trying not to be its sequel

Binance temporarily froze withdrawals after customers withdrew more than $1 billion worth of crypto on Tuesday, fueling fears more crypto companies could collapse.

December 16, 2022
|
By:
  • David Gura
GPB News NPR

Tagged as: 

  • Business

Miami-Dade County, stuck in a 19-year contract with FTX, seeks to rename its arena

The county, which owns the arena where the Miami Heat play, wants a bankruptcy judge to let it end its $135 million contract with the failed cryptocurrency company so it can find a new sponsor.

November 24, 2022
|
By:
  • Emma Bowman and
  • Greg Allen
As FTX collapsed in early November, Samuel Bankman-Fried handed over control the cryptocurrency exchange he founded to John J. Ray III, a corporate turnaround specialist.

Tagged as: 

  • Business

5 major revelations about the collapse of crypto giant FTX

At the first hearing in FTX's bankruptcy proceedings, lawyers confirmed that millions of dollars are stolen or missing, and revealed stunning details about the downfall of the once-mighty exchange

November 23, 2022
|
By:
  • David Gura
Sam Bankman-Fried, then FTX's CEO, appeared before the House Financial Services Committee in December 2021. Its chairwoman, Rep. Maxine Waters (D-CA), says she expects him to testify again soon.

Tagged as: 

  • Business

Wringing its hands over FTX's collapse, Washington hopes to prevent more crypto pain

Congress, which has been unable to pass comprehensive crypto legislation, is digging into what happened as regulators try to police the new, mysterious world of virtual currencies with old laws.

November 22, 2022
|
By:
  • David Gura
Jake Thacker in Portland Ore. had about $70,000 worth of investments in his account on FTX. He may have lost it all.

Tagged as: 

  • Your Money

FTX investors fear they lost everything, and wonder if there's anything they can do

More than one million people may have lost their money in the spectacular collapse of the cryptocurrency trading firm. Some had big chunks of their life savings disappear into a black hole.

November 18, 2022
|
By:
  • Chris Arnold
Sam Bankman-Fried, the now-former CEO of FTX, encouraged the cryptocurrency exchange's customers to buy its own cryptocurrency, called the FTX Token.

Tagged as: 

  • Business

FTX made a cryptocurrency that brought in millions. Then it brought down the company

The now-bankrupt cryptocurrency exchange FTX made real money off of its own digital currency, called FTT. That currency is practically worthless now, but investors continue to trade it.

November 15, 2022
|
By:
  • David Gura
An advertisement for Bitcoin cryptocurrency is displayed on a street Feb. 17 in Hong Kong. Bitcoin slumped to a two-year low Wednesday.

Tagged as: 

  • Business

FTX crypto exchange, billions of dollars low and under DOJ scrutiny, seeks bankruptcy

FTX had agreed earlier this week to sell itself to bigger rival Binance after experiencing the cryptocurrency equivalent of a bank run. The Department of Justice and the SEC are investigating.

November 11, 2022
|
By:
  • The Associated Press
Sam Bankman-Fried, co-founder and chief executive officer of FTX, in Hong Kong, China, on Tuesday, May 11, 2021.

Tagged as: 

  • Business

Crypto billionaire says Fed is driving current downturn

FTX CEO Sam Bankman-Fried says that, until investors get used to higher interest rates, risk assets, including cryptocurrency, won't recover.

June 19, 2022
|
By:
  • David Gura
Sam Bankman-Fried, co-founder and chief executive officer of FTX, in Hong Kong, China, on Tuesday, May 11, 2021.

Tagged as: 

  • Business

Crypto billionaire says Fed is driving current downturn

FTX CEO Sam Bankman-Fried says that, until investors get used to higher interest rates, risk assets, including cryptocurrency, won't recover.

June 19, 2022
|
By:
  • David Gura

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