Sam Bankman Fried

Sam Bankman Fried man who was on pinnacle of success, leading a luxurious life in Bahamas, to a sudden downfall that led to a 25-year-old facing jail time. Sam, also known as 'SBF,' soared to the second spot on Forbes' Crypto Rich List, only to see it all come crashing down. Sam Bankman started FTX in 2019 and it grew into one of the leading exchanges for crypto derivatives. Watch.

World Street | AT&T sees data breach, Kia recalls 4.3 lakh cars, Bankman-Fried's 25-year jail term and more

From millions of AT&T customers seeing their data stolen and Kia recalling almost half a million cars to Sam Bankman-Fried facing 25 years in prison for defrauding FTX customers, here's a look at recent business developments from around the world.

Sam Bankman-Fried's incarceration is a warning to crypto

Sending the one time wunderkind to jail for 25 years and stripping him of $11 billion should act as powerful deterrent in a business still badly in need of cleaning up

Events leading up to FTX founder Sam Bankman-Fried's conviction

Below is a timeline of events leading up to the 32-year-old former billionaire's sentencing hearing

Sam Bankman-Fried ordered to forfeit more than $11 bn, sentenced to 25 years in prison for FTX fraud

Bankman-Fried, 32, was convicted in November of fraud and conspiracy — a dramatic fall from a crest of success that included a Super Bowl advertisement and celebrity endorsements from stars like quarterback Tom Brady, basketball star Stephen Curry and comedian Larry David.

World Street | China returns to court US Inc, billions in blues over Baltimore bridge, Bankman-Fried sentencing

Insurance players might have to dole out over $4 billion following the collapse of the Baltimore Bridge, while GameStop has laid off a chunk of their staff on falling revenues.

Sam Bankman-Fried will not face a second trial

In a letter filed on Friday night in federal court in Manhattan, prosecutors said the "strong public interest" in a prompt resolution of their case against the 31-year-old former billionaire outweighed the benefits of a second trial.

Hall of Shame: Forbes reveals 10 ‘most dubious’ people ever included in its ’30 Under 30’ list

Forbes has published its ‘Hall of Shame’ list – featuring 10 of the 'most dubious people ever to make it to its 30 Under 30 list.'

Nikhil Kamath shuts down troll who tagged him with fallen crypto kings

Nikhil Kamath posted a snapshot of Nas Daily with Microsoft founder and one of the richest men in the world Bill Gates.

Fallen crypto king Sam Bankman-Fried was ‘perfectly positioned to make a religion of himself’

Book review: Going Infinite: The Rise and Fall of a New Tycoon by Michael Lewis

What charges does Sam Bankman-Fried face over FTX's collapse?

The 31-year-old former billionaire has pleaded not guilty. Here is an explanation of the seven charges he faces.

US fraud trial of disgraced crypto star Sam Bankman-Fried begins

The first day of the trial will be devoted to jury selection for a case that is set to last about six weeks.

Sam Bankman-Fried campaign finance charge dropped, lessening trial's political focus

Bankman-Fried, 31, is fighting to stay out of jail ahead of his Oct. 2 trial on fraud charges, after prosecutors in Manhattan accused him of tampering with witnesses by sharing personal writings of his former romantic partner Caroline Ellison with a New York Times reporter.

The super connector who built Sam Bankman-Fried’s celebrity world

Michael Kives, a former Hollywood agent, connected FTX’s founder to Katy Perry, Orlando Bloom, Bill Clinton and others. His firm got $700 million in exchange, a lawsuit claims.

Recent uptrend shows crypto isn’t going anywhere

But to conclude from this that crypto’s existential problems are over would be an oversimplification.

Lost Fortune: 254 individuals, including Kanye West and Sam Bankman-Fried, lose billionaire status

Tesla and SpaceX boss Elon Musk, who held the top spot last year, has slipped to No. 2 on the list of the world's richest people

Sam Bankman-Fried charged with paying $40 million bribe to China

The charge of conspiracy to violate the anti-bribery provisions of the Foreign Corrupt Practices Act raises to 13 the number of charges Bankman-Fried faces after he was arrested in the Bahamas in December and brought to the United States soon afterward. The indictment was returned on Monday.

US charges Sam Bankman-Fried for bribing Chinese officials

The payments came after Chinese officials in early 2021 froze some $1 billion in cryptocurrency trading accounts controlled by FTX affiliate Alameda, according to the filing.

Sam Bankman-Fried, prosecutors reach new bail agreement

Under some of the proposed new conditions, Bankman-Fried would have a new phone with no internet capability and a basic laptop with limited functions, but be forbidden from using other electronic communication devices.

The Real-Life Consequences of Silicon Valley’s AI Obsession

Sam Bankman-Fried made effective altruism a punchline, but the do-gooding philosophy is part of a powerful tech subculture full of opportunism, money, messiah complexes—and alleged abuse.

Sam Bankman-Fried, US prosecutors near new bail agreement

Bankman-Fried, 31, faces a trial set for Oct. 2 on charges of stealing billions of dollars in FTX customer funds to plug losses at his Alameda Research hedge fund, and making large illegal political donations to buy influence in Washington, D.C.

FTX transferred $2.2 billion to Sam Bankman-Fried via related entities, new managers say

Overall more than $3.2 billion was transferred through payments and loans to company founders and key employees, FTX said in a statement on Wednesday.

Sam Bankman-Fried might use flip phone under stricter bail plan

Bankman-Fried has pleaded not guilty to charges that he cheated investors and looted customer deposits at FTX, his cryptocurrency platform.

Indian-origin FTX executive Nishad Singh pleads guilty in crypto case

Nishad Singh, an Indian-origin, ex Facebook employee was part of Sam Bankman-Fried’s inner circle that ran his crypto empire from a luxury penthouse in the Bahamas.

New indictment unsealed against Sam Bankman-Fried, containing 12 charges

Bankman-Fried was previously charged with eight counts of fraud, money laundering and other charges over the collapse of the now-bankrupt exchange.