Sam Bankman-Fried Recounts FTX’s Collapse and Why He Feels He Was Wrongly Convicted of Fraud

Sam Bankman-Fried recounts FTX’s collapse and why he feels he was wrongly convicted of fraud

Through exclusive prison interviews with Sam Bankman-Fried and others, we put fresh eyes on the dramatic collapse of the cryptocurrency exchange FTX.

Who is Sam Bankman-Fried? His Rise and Fall Explained

KEY TAKEAWAYS Sam Bankman-Fried co-founded Alameda Research in 2017 and launched the FTX cryptocurrency exchange in 2019, which reached a $32 billion valuation by early 2022. FTX collapsed in November 2022 after reports revealed Alameda Research had used more than $8 billion in customer deposits to cover trading losses. A Manhattan jury convicted Bankman-Fried on seven fraud and conspiracy counts in November 2023, and a judge sentenced him to …

Sam Bankman-Fried: From FTX Billionaire to Prison

Sam Bankman-Fried is the FTX founder whose 2026 net worth sits at $0 after an $11 billion forfeiture order. This profile traces his rise with Alameda Research and FTX through conviction, appeal, and his pending pardon request.