ResolvedPriorityCriminal · Fraud conviction· S.D.N.Y. (Manhattan)
United States v. Samuel Bankman-Fried — the FTX collapse (2022)
FTX collapsed in November 2022 with billions in customer funds missing. Its founder was convicted on seven counts in November 2023 and sentenced to 25 years.
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Source: Vermilion ledger illustration
Timeline
- 2022
FTX files for bankruptcy; Bankman-Fried is arrested in the Bahamas and extradited.
- 2023
Three former executives plead guilty and testify for the government.
- 2023
A jury convicts on all seven counts of fraud and conspiracy.
- 2024
He is sentenced to 300 months and ordered to forfeit over $11bn.
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