Sam Bankman-Fried
Founder and CEO of the cryptocurrency exchange FTX and trading firm Alameda Research. Convicted in November 2023 on seven fraud and conspiracy counts and sentenced to 25 years in prison.
Also known as: SBF, Samuel Bankman-Fried
Bio
Sam Bankman-Fried founded the cryptocurrency exchange FTX and the trading firm Alameda Research. According to the U.S. DOJ, he misappropriated billions of dollars of FTX customer deposits to repay Alameda's loans and for investments, real estate, and political donations. [1][2]
Legal outcome
A jury convicted him on seven counts of fraud and conspiracy in November 2023, and in March 2024 he was sentenced to 25 years in prison and ordered to forfeit $11 billion. [1][2]
Bracketed numbers refer to the numbered sources listed below.
Linked scams & cases
Sources (2)
- Samuel Bankman-Fried Sentenced to 25 Years — U.S. DOJ
- Sam Bankman-Fried Guilty on All 7 Counts — CoinDesk
See also
- Blockchain Terminal (BCT)TokensA 2017–2018 ICO (BCT tokens, ~$30M) for a 'Blockchain Terminal' — a Bloomberg-style crypto trading terminal. The SEC and DOJ said convicted ex-hedge-funder Boaz Manor secretly ran it under a fake identity ('Shaun MacDonald'), using associate Edith Pardo as a front, and lied about the product's adoption.
- Dropil (DROP)TokensAn ICO for the DROP token built around a fake 'Dex' trading bot. The SEC said it raised ~$1.9M while claiming $54M from 34,000 investors, and that the founders falsified evidence during the probe. Founders Jeremy McAlpine and Zachary Matar pleaded guilty to securities fraud (36 and 30 months).
- CluCoin (CLU)Tokens
This page was last updated on Jun 8, 2026. View revision history.