MEGATHREAD – The Trial of FTX Founder Sam Bankman-Fried

This megathread will be used to discuss the trial of FTX founder Sam Bankman-Fried.

News links:

FTX’s Sam Bankman-Fried is on trial. Here’s what you should know: CNBC Crypto World

Sam Bankman-Fried: Trial of 'Crypto King' begins

Live: The Trial of FTX Founder Sam Bankman-Fried

5 highlights of Sam Bankman-Fried’s first day of trial

We are already getting massive amounts of the same news articles being posted, so to prevent the subreddit becoming r/SamBankmanFriedTrial this megathread will remain until everything calms down. (probably for the next 84 years)

Please use this thread to discuss all events around this ongoing story. Please do not create new threads on this , they will be removed.

Ping me in the comments if you have a decent news link you think should be added to the thread.

Sam Bankman-Fried: FTX crypto empire 'built on lies' – prosecutors

Opening statements begin in the trial of Sam Bankman-Fried

Latest update — Former FTX CEO Sam Bankman-Fried trial [Day 2]

What Happened During Sam Bankman-Fried's First Week in Court?

50 thoughts on “MEGATHREAD – The Trial of FTX Founder Sam Bankman-Fried”

  1. By the numbers: SBF faces seven counts — two of wire fraud and multiple counts of conspiracy — as he ‘lost’ $8.7 billion in customer funds. We will have to see how the trial goes, but, if convicted, he could face a sentence of 110 years in prison.

    The most important question though , whether FTX’s customers will ever see a share of their money, remains open.

  2. Wow, we’ve got a mega thread.
    Can’t wait to discuss the disgusting antics at FTX that we don’t know about yet

  3. Can’t wait for opening arguments. It’s been speculated that he’s going to go for the forgive me but I didn’t know what I was doing defence. i.e. pleading to being a harmless idiot swept up by events.

    As one juror has already asked the judge if they’re expected to consider the death penalty, I have some reservations how the jury’s going to process the issues.

  4. I’m pre-law in college right now, usually I’m objective about cases. But this one in particular, I hope dude gets bare minimum of 40 years flat time. Anything after that is icing on the cake. Hope his parents get some quality time at a federal prison as well…

  5. Finally thanks for doing this . Was getting tired this sub being flooded with SBF related news several times a day . This should keep the sub clean and these topics contained to megathreads . Now let’s hope they can nicely wrap this case up and sentence the prick for maximum time so this story can quickly fade away .

  6. I just hope this shit doesn’t drag out, and he gets the guilty and a lifelong sentence to prison. Then we never have to hear about him until the “SBF has been in prison for ten years today” posts.

  7. Alameda sent $4.1B of FTT tokens to FTX before crash: Nansen report

    I guess the generalities of this were known, if not the specifics. Still quite staggering though.

    I guess at some point big numbers just cease to have real world meaning 🤷‍♂️

  8. This piece of shoes is a disgrace. Hope he gets what he deserves when he goes to jail

  9. Life has a funny way of working out. Glad it all came together for you in the end!

  10. SBF’s team already trying to shift the blame to Caroline

  11. Coffeezilla already got a mention in the trial by a juror

  12. Anyone else relieved we have a megathreat of this instead of getting 20 posts/day? Thanks Mods!

  13. CryptoPotato on first testimonies against SBF


    That may be huge for the victims.

  15. Neue Zürcher Zeitung, a serious swiss newspaper is calling SBF “Bitcoin guru”

    Can you believe that this fraud face will forever be linked to Bitcoin?

  16. Is there any chance that we get to read the full text of Caroline’s diaries?

  17. In just over a half hour of testimony, Wang said he and Bankman-Fried allowed Alameda Research to withdraw unlimited funds from FTX “and we lied to the public.” Wang said not only was Alameda Research permitted to maintain negative balances and unlimited open positions, but the computer code that controlled its operations was written to provide a line of credit of $65 billion, a number so large that Judge Lewis A. Kaplan questioned Wang briefly to ensure he was talking about billions rather than millions. Wang testified that the special computer code features were directed by Bankman-Fried

  18. SBF getting slaughtered

  19. I never thought we’d see the day when people will write books in praise of the biggest scammer in financial fraud history. 🤷



    with a name like that, you can bet he’s a dick

  21. Isn’t going well at all for Sammy boi

  22. 65B line of credit to Alameda, and special treatment to high networth ppl. Absolutely ridiculous, luckily his top ppl are cooperating with prosecutuers

  23. FTX co-founder Gary Wang’s eye-popping testimony

    Prosecutor – Did you commit financial crimes while working at FTX?

    Wang: Yes

    Prosecutor: What types of crimes did you commit?

    Wang: Wire fraud, securities fraud and commodities fraud

    Prosecutor: Did you commit these crimes by yourself or with other people?

    Wang: With other people

    Prosecutor: Who were the main people you committed these crimes with?

    Wang: Sam Bankman-Fried, Nishad Singh, and Caroline Ellison

    Prosecutor: You’re talking about Alameda Research?

    Wang: Yes

    Prosecutor: Okay. We’ll come back to it in a minute. When you say withdrew unlimited amounts of funds, whose funds are you talking about?

    Wang: Those of customers

    Prosecutor: Let’s talk about——sorry. And customers of what?

    Wang: Customers of FTX

    Prosecutor: Mr. Wang, do you see any of the people you committed those crimes with in the courtroom today? You can stand up if you need to.

    Wang: Yes

    Prosecutor: Who do you see?

    Wang: Sam Bankman-Fried

    Prosecutor: Let the record reflect the witness has identified the defendant

    Prosecutor: Mr. Wang, in general terms for now, what did you do with the defendant that was the wire fraud you were referring to?

    Wang: We gave special privileges to Alameda Research on FTX, which allowed it to withdraw unlimited amounts of funds from the platform, and we lied about this to the public

    Prosecutor: When you say withdrew unlimited funds from the platform, what are you referring to?

    Wang: It had the ability to, regardless of what was in the account, to withdraw unlimited amounts of money

    There was no prevarication in his answers. Clearly, he’s cut a deal. There have been rumors that Caroline has also cut a deal.


    Good little summary of the first week of the trial.

  25. While Sam doing time would be great, real justice would be people who have lost money getting it back. All $8.7B of it.

  26. Just saw this thread and it’s already been here for 4 days now. Thanks for pinning this one.

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