Sam Bankman-Fried
Follow the latest Sam Bankman-Fried news, videos, and analysis from ABC News.
May 28, 2024 at 6:52 PM

Ryan Salame, part of crypto exchange FTX 'inner circle,' sentenced to prison

A federal judge has sentenced former FTX executive Ryan Salame to more than seven years in prison
May 28, 2024 at 6:52 PM
Ryan Salame, 30, who was a high-ranking executive at FTX for most of the exchange's existence, leaves Federal Court, in New York, Tuesday, May 28, 2024. Salami, the co-CEO of FTX Digital Markets, pleaded guilty to illegally making unlawful U.S. campaign contributions and to operating a unlicensed money transmitting business last year, was sentenced to 7.5-years in prison, plus 3 years of supervised release. (AP Photo/Lawrence Neumeister)
2 months ago

Bankman-Fried speaks after sentencing: 'I'm haunted, every day, by what was lost'

Former crypto entrepreneur Sam Bankman-Fried told ABC News in an exclusive interview that he is remorseful for his actions.
2 months ago
FTX founder Sam Bankman-Fried leaves Federal court on July 26, 2023, in New York. (AP Photo/Mary Altaffer)
2 months ago

Sam Bankman-Fried reacts to 25-year prison sentence for financial fraud

In written responses provided exclusively to ABC News, Bankman-Fried insists he feels remorse: “I never thought what I was doing was illegal.”
2 months ago
VIDEO: Sam Bankman-Fried reacts to 25-year prison sentence for financial fraud
2 months ago

Sam Bankman-Fried gets 25 years

Experts said the former "king of crypto" could end up serving as little as 12 years in prison with good behavior and by completing rehab programs. ABC News’ Rhiannon Ally reports.
2 months ago
VIDEO: Sam Bankman-Fried gets 25 years
2 months ago

By The Numbers: Sam Bankman-Fried sentencing

A look at the numbers behind Crypto entrepreneur Sam Bankman-Fried's 25-year prison sentence for defrauding users of the collapsed cryptocurrency exchange FTX.
2 months ago
VIDEO: By The Numbers: Sam Bankman-Fried sentencing
2 months ago

What comes next after sentencing of FTX founder Sam Bankman-Fried

ABC News’ Phil Lipof speaks with ABC News legal contributor Kim Wehle about the judge giving Bankman-Fried a 25-year sentence and what happens to the victims now.
2 months ago
VIDEO: What comes next after sentencing of FTX founder Sam Bankman-Fried
2 months ago

Disgraced FTX founder sentenced to 25 years on federal charges

Sam Bankman-Fried was sentenced to 25 years in prison and ordered to pay $11 billion for orchestrating one of the biggest cases of financial fraud.
2 months ago
VIDEO: Disgraced FTX founder sentenced to 25 years on federal charges
2 months ago

Disgraced crypto CEO Sam Bankman-Fried sentenced to 25 years, must pay $11 billion

Sam Bankman-Fried was sentenced to 25 years in prison Thursday for orchestrating what prosecutors have called one of the biggest financial frauds in American history.
2 months ago
Former FTX Chief Executive Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, walks outside the Manhattan federal court in New York City, U.S. March 30, 2023.
2 months ago

Sam Bankman-Fried sentenced to 25 years in prison

The disgraced former FTX CEO must forfeit $11 billion that the government can use to compensate victims.
2 months ago
VIDEO: Sam Bankman-Fried sentenced to 25 years in prison
2 months ago

A timeline of the historic collapse of FTX

Bankman-Fried received a sentence of 25 years in prison on Thursday.
2 months ago
In this May 12, 2022, file photo, Terrence A. Duffy, CEO of the Chicago Mercantile Exchange, Sam Bankman-Fried, CEO of FTX US Derivatives, Christopher Edmonds, chief development officer of the Intercontinental Exchange, and Christopher Perkins, president of CoinFund, testify during the House Agriculture Committee hearing titled Changing Market Roles: The FTX Proposal and Trends in New Clearinghouse Models, in Washington, D.C.
2 months ago

Former crypto king Sam Bankman-Fried set for sentencing

Former FTX CEO Sam Bankman-Fried is set to be sentenced for a multibillion-dollar fraud scheme.
2 months ago
VIDEO: Former crypto king Sam Bankman-Fried set for sentencing
2 months ago

Sam Bankman-Fried to be sentenced Thursday for financial fraud

Sam Bankman-Fried will be sentenced Thursday for orchestrating what prosecutors have called one of the biggest financial frauds in American history.
2 months ago
Sam Bankman-Fried will be sentenced Thursday for orchestrating what prosecutors have called one of the biggest financial frauds in American history.
2 months ago

Sam Bankman-Fried to be sentenced for financial fraud

The former billionaire and FTX founder will be sentenced on Thursday for orchestrating what prosecutors have called one of the biggest financial frauds in American history.
2 months ago
VIDEO: Sam Bankman-Fried to be sentenced for financial fraud
7 months ago

Former crypto mogul Sam Bankman-Fried facing 110 years in prison

The FTX founder was found guilty on seven counts of fraud and conspiracy in what prosecutors called “one of the biggest financial frauds” in U.S. history.
7 months ago
VIDEO: Former crypto mogul Sam Bankman-Fried facing 110 years in prison
7 months ago

Sam Bankman-Fried convicted in fraud and conspiracy trial, faces 110 years in prison

Sam Bankman-Fried was charged with seven counts of fraud, conspiracy and money laundering centered on his alleged use of customer deposits on FTX.
7 months ago
In this June 15, 2023, file photo, FTX founder Sam Bankman-Fried leaves Manhattan federal court, in New York.
7 months ago

Sam Bankman-Fried found guilty in fraud, conspiracy trial

A jury took just four hours to convict Bankman-Fried of what prosecutors called one of the biggest financial frauds in American history that cost customers of his crypto exchange FTX billions of dollars.
7 months ago
VIDEO: Sam Bankman-Fried found guilty in fraud, conspiracy trial
7 months ago

Sam Bankman-Fried found guilty in financial fraud trial

FTX founder Sam Bankman-Fried was found guilty in his criminal fraud trial by a federal jury in Manhattan.
7 months ago
VIDEO: Sam Bankman-Fried found guilty in financial fraud trial
7 months ago

Key moments from trial of former FTX CEO Sam Bankman-Fried

FTX founder Sam Bankman-Fried is standing trial nearly a year after the cryptocurrency trading platform's collapse.
7 months ago
In this Aug. 11, 2023, file photo, Sam Bankman-Fried, the founder of bankrupt cryptocurrency exchange FTX, arrives at court in New York.
7 months ago

Sam Bankman-Fried says he didn't know about hedge fund spending $8B

FTX founder and former crypto billionaire Sam Bankman-Fried continued to testify Tuesday at his federal fraud and conspiracy trial.
7 months ago
FTX founder Sam Bankman-Fried is questioned by defense lawyer Mark Cohen as he testifies in his fraud trial over the collapse of the bankrupt cryptocurrency exchange, at federal court in New York, Oct. 30, 2023, in this courtroom sketch.
7 months ago

Sam Bankman-Fried grilled by government prosecutors in fraud case

The former FTX founder was cross-examined by prosecutors and answered pointed questions about inconsistencies between his public and private statements about the security of user funds.
7 months ago
VIDEO: Sam Bankman-Fried grilled by government prosecutors in fraud case
7 months ago

FTX founder testifies Caroline Ellison 'started crying' at hedge fund concerns

FTX founder Sam Bankman-Fried told the jury Monday he confronted Caroline Ellison with concerns Alameda Research could become insolvent.
7 months ago
FTX founder Sam Bankman-Fried is questioned by defense lawyer Mark Cohen as he testifies in his fraud trial over the collapse of the bankrupt cryptocurrency exchange, at federal court in New York, Oct. 30, 2023, in this courtroom sketch.
7 months ago

Sam Bankman-Fried testifies on the stand for first time

The former billionaire's fortune wiped out with his company's collapse explaining himself on the witness stand as he faces charges that could put him away for life.
7 months ago
VIDEO: Sam Bankman-Fried testifies on the stand for first time
7 months ago

Sam Bankman-Fried set to testify in his own defense

The 31-year-old is accused of using billions in FTX customer money to pay debts at his hedge fund, buy real estate and make political contributions as he sought influence in Washington.
7 months ago
VIDEO: Sam Bankman-Fried set to testify in his own defense
7 months ago

Sam Bankman-Fried will testify in his own defense, lawyers say

Sam Bankman-Fried is expected to testify as soon as Thursday in his own defense, his lawyers signaled during a telephone hearing Wednesday.
7 months ago
Former FTX chief Sam Bankman-Fried leaves the Federal Courthouse following a bail hearing ahead of his October trial, July 26, 2023, in New York.
8 months ago

FTX founder’s ex-girlfriend testifies in crypto fraud trial

The defense will cross-examine Caroline Ellison on Thursday, one day after she told the jury she helped Sam Bankman-Fried plunder billions while working at FTX.
8 months ago
VIDEO:  FTX founder’s ex-girlfriend testifies in crypto fraud trial
8 months ago

Sam Bankman-Fried didn't think rules applied to him, ex-girlfriend says

Sam Bankman-Fried believed in utilitarianism and said rules against lying or stealing inhibited his ability to maximize the greatest benefit, his ex-girlfriend testified.
8 months ago
Former crypto hedge fund Alameda Research CEO Caroline Ellison departs the trial of former FTX Chief Executive Sam Bankman-Fried who is facing fraud charges over the collapse of the bankrupt cryptocurrency exchange, at Federal Court in New York City, Oct. 10, 2023.
8 months ago

Ex-girlfriend of disgraced FTX founder delivers damning testimony in court

Caroline Ellison, the former girlfriend of ex-crypto king Sam Bankman-Fried, took the stand as part of her own guilty plea with federal prosecutors.
8 months ago
VIDEO: Ex-girlfriend of disgraced FTX founder delivers damning testimony in court
8 months ago

Sam Bankman-Fried thought he had 5% chance of becoming president, ex-girlfriend says

Disgraced crypto executive Sam Bankman-Fried thought there was a "5% chance he would become president," his ex-girlfriend testified Tuesday.
8 months ago
FTX founder Sam Bankman-Fried leaves Manhattan federal court, June 15, 2023, in New York.
8 months ago

Sam Bankman-Fried thought he had 5% chance of becoming president, ex-girlfriend says

Disgraced crypto executive Sam Bankman-Fried thought there was a "5% chance he would become president," his ex-girlfriend testified Tuesday.
8 months ago
Disgraced crypto executive Sam Bankman-Fried thought there was a "5% chance he would become president," his ex-girlfriend testified Tuesday.
8 months ago

FTX founder slept on bean bag at $35M Bahamas apartment: Witness

Adam Yedidia, who worked as a developer at FTX, testified Alameda, Bankman-Fried’s privately controlled hedge fund, paid for the apartment.
8 months ago
Former FTX chief Sam Bankman-Fried leaves the Federal Courthouse following a bail hearing ahead of his October trial, July 26, 2023, in New York.
8 months ago

Author Michael Lewis on Sam Bankman-Fried: Intent ‘is the tricky part’

ABC News’ Linsey Davis spoke with author Michael Lewis about his new book, “Going Infinite: The Rise and Fall of a New Tycoon,” on the collapse of Sam Bankman-Fried’s crypto empire.
8 months ago
VIDEO: Author Michael Lewis on Sam Bankman-Fried: Intent ‘is the tricky part’
8 months ago

Sam Bankman-Fried goes on trial

The disgraced founder of FTX is set to appear in a Manhattan courthouse as jury selection begins in his criminal trial.
8 months ago
VIDEO: Sam Bankman-Fried goes on trial
8 months ago

Trial of former crypto billionaire Sam Bankman-Fried set to begin

Sam Bankman-Fried's trial could last as long as six weeks.
8 months ago
Indicted FTX founder Sam Bankman-Fried leaves the United States Courthouse in New York City, July 26, 2023.
10 months ago

Sam Bankman-Fried jailed in NY after bail revoked

FTX founder Sam Bankman-Fried had his $250 million bail revoked by a judge after prosecutors argued that he attempted to tamper with witnesses.
10 months ago
VIDEO: Sam Bankman-Fried jailed in NY after bail revoked
10 months ago

Judge revokes bail for disgraced FTX founder Sam Bankman-Fried

Disgraced FTX founder Sam Bankman-Fried has had his bail revoked and he has been immediately remanded to custody of the U.S. Marshals.
10 months ago
Former FTX CEO Sam Bankman-Fried arrives for a bail hearing at Manhattan Federal Court on Aug. 11, 2023, in New York City.
10 months ago

Judge revokes bail for FTX founder Sam Bankman-Fried

A judge revoked FTX founder Sam Bankman-Fried's bail after prosecutors accused him of witness tampering.
10 months ago
VIDEO: Judge revokes bail for FTX founder Sam Bankman-Fried
10 months ago

FTX founder Sam Bankman-Fried still faces campaign finance charge, prosecutors say

Prosecutors had dropped the charge against Bankman-Fried last month on a technicality.
10 months ago
FTX founder Sam Bankman-Fried is led away handcuffed by officers of the Royal Bahamas Police Force in Nassau, Bahamas, Dec. 13, 2022
10 months ago

Prosecutors seek bail revocation for FTX founder Sam Bankman-Fried

Prosecutors balked at Bankman-Fried's sharing with The New York Times excerpts from the personal documents of Caroline Ellison, who led his Alameda Research hedge fund.
10 months ago
FTX Founder Sam Bankman-Fried arrives at Manhattan Federal Court for a court appearance on July 26, 2023 in New York City.
1 year ago

FTX crypto collapse: Sam Bankman-Fried seeks to dismiss most criminal charges

Sam Bankman-Fried on Monday sought to dismiss most of the criminal charges he faces in connection with the collapse of FTX.
1 year ago
Former FTX Chief Executive Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, departs from his court hearing at Manhattan federal court in New York City, Jan. 3, 2023.
1 year ago

Disgraced crypto exec Sam Bankman-Fried faces new bribery charge and bail conditions

Embattled crypto executive Sam Bankman-Fried now faces a criminal charge of conspiracy to violate the anti-bribery provisions of the Foreign Corrupt Practices Act.
1 year ago
Former FTX Chief Executive Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, departs from his court hearing at Manhattan federal court in New York City, Jan. 3, 2023.
1 year ago

Former FTX exec pleads guilty to charges related to crypto exchange's collapse

Nishad Singh, former director of engineering at FTX, pleaded guilty Tuesday to charges related to the cryptocurrency exchange's collapse.
1 year ago
Representations of cryptocurrencies are seen in front of displayed FTX logo.
1 year ago

FTX founder Sam Bankman-Fried faces 4 new charges

Disgraced FTX founder Sam Bankman-Fried of conspiracy contained in a superseding indictment unsealed Thursday.
1 year ago
Former FTX Chief Executive Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, exits the Manhattan federal court in New York City, Feb. 16, 2023.
1 year ago

Judge raises possibility of revoking Sam Bankman-Fried's bail

A judge raised the possibility of revoking bail and remanding Sam Bankman-Fried into custody for possible witness tampering.
1 year ago
Former FTX Chief Executive Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, exits the Manhattan federal court in New York City, U.S. February 16, 2023. R
1 year ago

Sam Bankman-Fried agrees to stop using Signal and other encrypted messaging apps

Bankman-Fried sought permission from the judge to use WhatsApp with monitoring software installed on his devices and to send ordinary texts.
1 year ago
Former FTX chief executive Sam Bankman-Fried leaves Manhattan federal court in New York City, Jan. 3, 2023.
1 year ago

Sam Bankman-Fried has tried to contact potential witnesses, government says

Disgraced crypto executive Sam Bankman-Fried has made “recent attempts” to contact prospective witnesses in his criminal case, federal prosecutors said Friday.
1 year ago
Former FTX Chief Executive Sam Bankman-Fried departs Manhattan federal court in New York City, after a hearing, Jan. 3, 2023.
1 year ago

Over $600M in assets seized from FTX founder: Court filing

The federal government has seized more than $600 million in assets from disgraced cryptocurrency executive Sam-Bankman Fried this month, according to a new court filing.
1 year ago
Former FTX CEO Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, arrives on the day of a hearing at Manhattan federal court in New York City, Jan. 3, 2023.
1 year ago

New indication of the true scope of the FTX cryptocurrency collapse

Prosecutors say the company could owe money to more than a million people.
1 year ago
VIDEO: New indication of the true scope of the FTX cryptocurrency collapse
1 year ago

Will FTX traders get their money back? Bankruptcy experts weigh in

Creditors in FTX's multibillion dollar bankruptcy could number more than a million.
1 year ago
FTX founder Sam Bankman-Fried leaves court following his extradition to the U.S., Dec. 22, 2022, in New York.
1 year ago

FTX founder released on $250M bond

A federal magistrate ordered Sam Bankman-Fried to be released on a $250 million personal recognizance bond signed by his parents.
1 year ago
VIDEO: FTX founder released on $250M bond
1 year ago

FTX founder Sam Bankman-Fried released on $250 million bond

A federal magistrate on Thursday ordered disgraced FTX founder Sam Bankman-Fried released on a $250 million personal recognizance bond signed by his parents.
1 year ago
FTX founder Sam Bankman-Fried leaves Manhattan Federal Court after his arraignment and bail hearings on Dec. 22, 2022, in New York.