Sam Bankman-Fried's High-Stakes Trial: A Crypto Reckoning
The criminal trial of Sam Bankman-Fried, the founder and former CEO of FTX, is set to begin as he faces seven federal charges of fraud and conspiracy related to the collapse of his crypto empire. FTX, once the second-largest crypto exchange valued at $32 billion, entered Chapter 11 bankruptcy after a flood of withdrawals following reports of merged assets with Alameda Research. Customers lost billions, and Bankman-Fried resigned as CEO. He has pleaded not guilty, but four former executives have pleaded guilty and are expected to testify against him. The trial will feature key witnesses, including Bankman-Fried's ex-girlfriend and former Alameda CEO, Caroline Ellison.
- Sam Bankman-Fried's criminal fraud trial set to launch — here's what to know Fox Business
- FTXs Sam Bankman-Fried on Trial: What to Know | WSJ Wall Street Journal
- Sam Bankman-Fried trial: Why didn't SBF try to get a deal? Slate
- SBF's Defense Will Be Tough Bloomberg
- Crypto Goes on Trial, as Sam Bankman-Fried Faces His Reckoning The New York Times
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