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The former crypto billionaire’s punishment of 25 years in prison could have huge implications for the industry.

Digital photo collage of Sam Bankman Fried with crypto coins behind him.

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The trial and sentencing of FTX co-founder Sam Bankman-Fried

Sam Bankman-Fried, the founder of failed cryptocurrency exchange FTX, has been found guilty of seven counts, including wire fraud, conspiracy to commit wire fraud, and conspiracy to commit money laundering.
Bankman-Fried founded FTX because he was frustrated with other exchanges used by his crypto trading firm Alameda Research, according to a profile from FTX investors Sequoia Capital. But FTX was a fraud &ldquo;from the start,&rdquo; the Securities and Exchange Commission wrote, as Bankman-Fried and other executives misused customer funds to make billions of dollars of investments, buy $200 million of real estate, and repay Alameda&rsquo;s lenders while representing the business as a safe place to invest.
On March 28th, he returned to the courtroom for sentencing, where Judge Lewis Kaplan sentenced Bankman-Fried to 25 years in prison.
The scheme started to fall apart rapidly after CoinDesk published a blockbuster article about Alameda&rsquo;s balance sheet. It showed that FTX and Alameda were very closely linked and that a lot of the balance sheet consisted of the FTT token, which was issued by FTX. That article led to Binance CEO Changpeng &ldquo;CZ&rdquo; Zhao &mdash;&nbsp;a former investor in FTX &mdash;&nbsp;saying he would sell his holdings of FTT. FTX&rsquo;s bankruptcy and Bankman-Fried&rsquo;s resignation from the company followed.
One year to the day after CoinDesk reported on the balance sheet, a New York jury returned a guilty verdict against Bankman-Fried on all of the charges he faced.
You can follow along below for all of the updates from the trial and sentencing.

Bankman-Fried faced up to 110 years in prison.

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FTX co-conspirator Nishad Singh isn’t going to prison.

Why did Caroline Ellison do it?

Caroline Ellison sentenced to two years in jail for role in FTX fraud

The king of wishful thinking files an appeal on his fraud conviction.

Former FTX exec’s domestic partner indicted on campaign finance charges.

Area writer lost in the trees; can’t see forest.

Judge throws the book at Sam Bankman-Fried’s FTX associate.

Sam Bankman-Fried is still gambling

Sam Bankman-Fried sentenced to 25 years for FTX fraud

One of Sam Bankman-Fried’s most infamous quotes may have come back to bite him.

The prosecution is done.

Now SBF is talking.

These arguments didn’t work on the jury.

Sam Bankman-Fried is about to find out how much prison time he’s facing.

Prosecutors recommend a 40- to 50-year sentence for Sam Bankman-Fried.

FTX says it will pay back customers

Is Bitcoin Wall Street’s next big thing?

Sam Bankman-Fried won’t face a second trial.

An update on the FTX bankruptcy plan, via an interview with an FTX creditor.

The guy who designed Sam Bankman-Fried’s defense says that SBF was “at the very top of the list as the worst person I’ve ever seen do a cross examination.”

Forbes publishes 30 Under 30 “Hall of Shame.”

What could possibly go wrong, again?

“$8 billion is a lot of money.”

Ask us anything: Liz Lopatto and CoinDesk’s Danny Nelson answer your questions about the Sam Bankman-Fried trial at 4PM New York time.

That defense amounted to SBF saying, “I’m innocent because my customers were dumb enough to believe me.”

Sam Bankman-Fried might not be the last crypto criminal

Sam Bankman-Fried gambled on a trial and his parents lost

Sam Bankman-Fried found guilty of fraud

The jury in the Sam Bankman-Fried / FTX fraud trial has reached a verdict.

Jurors have begun deliberating Bankman-Fried’s fate.

Closing time for Sam Bankman-Fried

“...getting caught in a lie by a judge is very bad.”

Sam Bankman-Fried didn’t ask where the $8 billion went

The defense rests.

This review of two Sam Bankman-Fried books is absolutely worth your time.

Sam Bankman-Fried doesn’t recall

The jury finally hears from Sam Bankman-Fried

“I did not want FTX to be known as the Kansas City Royals of crypto exchanges.”

Sam Bankman-Fried is back on the stand.

Sam Bankman-Fried is going to talk himself right into jail

In the end, the FTX trial was about the friends screwed along the way

Sam Bankman-Fried will testify in his fraud trial

The tragically millennial vocabulary of the Sam Bankman-Fried trial

I have been standing in line for the SBF trial with a man named Taco.

SBF Trial, day uhhhh 10? I think it’s 10 if we don’t count jury selection.

Fun Easter egg in FBI agent’s testimony today!

Sam Bankman-Fried’s defense finally woke up

Sam Bankman-Fried was a bad friend, too

FTX’s former head of engineering Nishad Singh is testifying against Sam Bankman-Fried.

Sam Bankman-Fried on the stand?

Listen in to that infamous Alameda Research all-hands meeting.

How is it still getting worse for Sam Bankman-Fried?

Alameda’s paper trail leads straight to Sam Bankman-Fried

Sam Bankman-Fried wanted to buy Snapchat.

Sam Bankman-Fried was a terrible boyfriend

Maybe it’s the new haircut?

He’s over there...

True, yet misleading.

The Sam Bankman-Fried fraud trial continues.

FTX liquidation could further hurt crypto startups.

Michael Lewis would like Sam Bankman-Fried’s jury to read his book.

The FTX jury suffers through a code review

Former FTX CTO Gary Wang is on the stand.

Was Sam Bankman-Fried’s bean bag chair a lie too?

Full court press.

SBF Day 3: Bankman-Fried’s roommate’s testimony continues.

Is Sam Bankman-Fried’s defense even trying to win?

Dogecoin shows up in court.

Today on The Vergecast: Big Tech goes to court.

Day 2: We expect opening arguments in the Sam Bankman-Fried trial today.

Day 1: Sam Bankman-Fried got a haircut and other matters.

Hello from the line!

The scariest thing about prison for Sam Bankman-Fried is the lack of internet.

The FTX trial is bigger than Sam Bankman-Fried

The best stuff Sam Bankman-Fried’s parents bought using FTX money

Sam Bankman-Fried oversaw FTX’s meltdown, and the fallout is reaching DC

You’re about to feel the AI money squeeze

Microsoft brings Xbox back, scraps Microsoft Gaming

Leak reveals new Xbox Game Pass ‘Starter Edition’ that’s part of Discord Nitro

THE PEOPLE DO NOT YEARN FOR AUTOMATION

Anthropic’s Mythos breach was humiliating

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