FTX's collapse and Sam Bankman-Fried's fraud conviction

Gone quiet · last story Sep 10, 2026

In November 2022 the cryptocurrency exchange FTX collapsed into bankruptcy days after agreeing to sell itself to its rival Binance, billions of dollars short and under Justice Department scrutiny.[1][2] Its founder, Sam Bankman-Fried, was convicted of fraud in 2023 and sentenced in March 2024 to 25 years in prison for stealing at least $10 billion.[3][4] He has appealed the conviction.[5]

What this arc covers

The November 2022 collapse and bankruptcy of the crypto exchange FTX; the fraud case against its founder Sam Bankman-Fried, from his arrest in the Bahamas to his conviction, 25-year sentence and appeals; the guilty pleas and sentences of his associates; and the bankruptcy's recovery of money for customers.

Earliest story we hold Nov 8, 2022 · 75 stories · 134 sources (counted once each) · 1402 days

Part ofSam Bankman-FriedThe BahamasCaroline EllisonNew YorkPeople's Republic of ChinaBrooklynNew York CitySherrod Brown
Photo from KTVZ Bend, with Sam Bankman-Fried found guilty in FTX crypto fraud case (Oct 28, 2023), the story with the most sources this week.

Background

FTX's new chief executive, a veteran bankruptcy lawyer, blasted the company's handling of its finances,[6] and its lawyers said a substantial amount of its assets were stolen or missing.[7] Bankman-Fried said he did not "knowingly" misuse customers' money.[8] He was arrested in the Bahamas in December 2022 at the request of the United States, charged with fraud and released on a $250 million bond.[9][10][11] Prosecutors later added a charge that he directed $40 million in bribes to Chinese officials.[12]

A judge jailed him in August 2023 after concluding he had tampered with witnesses.[13] At the trial his former top executive, Caroline Ellison, testified that he had corrupted her values so she could lie and steal;[14] she was later sentenced to two years in prison.[15] In May 2024 FTX said nearly all of its customers would get back the money they were owed.[16]

Supporting stories (16)
  1. Binance to buy rival FTX Trading in apparent bailout
  2. FTX cryptocurrency exchange files for bankruptcy
  3. Sam Bankman-Fried found guilty in FTX crypto fraud case
  4. Fallen crypto mogul Sam Bankman-Fried sentenced to 25 years in prison
  5. Sam Bankman-Fried appeals fraud conviction tied to FTX collapse
  6. New CEO of FTX blasts its handling of financial information
  7. $740M in crypto assets recovered in FTX bankruptcy so far
  8. Ex-FTX CEO Says He Did Not 'Knowingly' Misuse Millions of Dollars in Customer Funds
  9. Bankman-Fried, former CEO of crypto firm FTX, arrested in Bahamas
  10. FTX founder charged in scheme to defraud crypto investors
  11. FTX founder Bankman-Fried allowed $250M bond, house arrest
  12. Sam Bankman-Fried directed $40M cryptocurrency bribe to Chinese officials, federal prosecutors allege
  13. FTX founder Sam Bankman-Fried jailed; judge says crypto mogul tampered with witnesses
  14. Caroline Ellison, saying Sam Bankman-Fried corrupted her values, found relief when truth came out
  15. Former FTX executive Caroline Ellison gets 2 years in prison over fraud
  16. FTX says it will return money to most of its customers

Overview updated Oct 31, 2026

Where it standsnewest first · each bar runs left to right by leaning

Sep 10– 112026Former crypto billionaire Sam Bankman-Fried appeals conviction to Supreme Court9 articles · 9 sources
1 left, 8 center, 0 right
Jun 82026Sam Bankman-Fried says he 'absolutely' wants a presidential pardon from inside his federal prison cell5 articles · 5 sources
1 left, 0 center, 3 right
Nov 202024FTX co-founder gets no prison time after cooperating in case against Sam Bankman-Fried12 articles · 11 sources
2 left, 5 center, 3 right

Key momentsthe most covered; every story is below

  1. Dec 13 – 14, 2022FTX founder charged in scheme to defraud crypto investors98 articles · 51 sources
  2. Dec 13 – 15, 2022Bankman-Fried, former CEO of crypto firm FTX, arrested in Bahamas92 articles · 49 sources
    1. Dec 13, 2022Former FTX CEO Sam Bankman-Fried arrested in the Bahamas
    2. Dec 14, 2022Sam Bankman-Fried tried to use his vegan diet to get released from jail after he was arrested in the Bahamas: reports
    3. Dec 15, 2022Sam Bankman-Fried's relatives asked Bahamas prison if he could get vegan meals there: report
  3. Dec 19 – 23, 2022FTX founder Bankman-Fried allowed $250M bond, house arrest124 articles · 42 sources
    1. Dec 19, 2022FTX founder agrees to extradition to US, attorney says
    2. Dec 21, 2022FTX founder Sam Bankman-Fried to leave Bahamas for US after agreeing to be extradited
    3. Dec 22, 2022FTX founder Sam Bankman-Fried allowed $250 million bond, house arrest
  4. Aug 11 – 12, 2023FTX founder Sam Bankman-Fried jailed; judge says crypto mogul tampered with witnesses73 articles · 39 sources
  5. Oct 25 – 28, 2023FTX founder Sam Bankman-Fried acknowledges in court that customers were hurt but denies fraud74 articles · 44 sources
    1. Oct 25, 2023FTX Founder Sam Bankman-Fried plans to testify at his fraud trial in New York City
    2. Oct 26, 2023FTX trial: Sam Bankman-Fried acknowledges customers were hurt but denies fraud
    3. Oct 28, 2023FTX’s Bankman-Fried admits ‘mistakes’, denies fraud at trial
  6. Oct 28 – Nov 4, 2023Sam Bankman-Fried found guilty in FTX crypto fraud case168 articles · 91 sources
    1. Nov 2, 2023Sam Bankman-Fried found guilty on fraud charges
    2. Nov 4, 2023After a year in FTX’s shadow, the crypto industry is delighting in Bankman-Fried’s conviction
  7. Mar 25 – 29, 2024Fallen crypto mogul Sam Bankman-Fried sentenced to 25 years in prison140 articles · 83 sources
    1. Mar 25, 2024Former crypto king Sam Bankman-Fried set for sentencing this week
    2. Mar 27, 2024Sam Bankman-Fried is about to get sentenced to prison. Here's what to know

Who covered it, over timeshare of the sources publishing each week, by side

Nov 7, 2022 - Sep 13, 2026

Share of the sources publishing each week that covered it

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Week of Sep 7, 2026 - Sep 13, 2026: 1 left, 8 center, 0 right, 2% of the sources that published that week · 9 articles

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Stories before June 28, 2026 come from archived pages, so who covered them is limited to the outlets we recovered for that period.

33% left · 44% center · 23% right of 134 sources on the spectrum, across 75 stories.

Every storyoldest first

202225 stories

Show

  1. November 2022

    1. Nov 8– 9Binance to buy rival FTX Trading in apparent bailout25 articles · 19 sources
      5 left, 9 center, 2 right
    2. Nov 10– 16FTX bankruptcy is bad news for the charities that crypto mogul Sam Bankman-Fried generously supported16 articles · 10 sources
      4 left, 2 center, 3 right
    3. Nov 11– 14FTX bankruptcy filing: What's happening at the crypto exchange?86 articles · 34 sources
      11 left, 14 center, 7 right
    4. Nov 11Cryptocurrency exchange FTX files for bankruptcy protection in US8 articles · 6 sources
      0 left, 3 center, 1 right
    5. Nov 11FTX cryptocurrency exchange files for bankruptcy25 articles · 10 sources
      4 left, 4 center, 1 right
    6. Nov 12– 14FTX Faces Criminal Investigation In Bahamas After Crypto Exchange Collapses, Police Say11 articles · 7 sources
      1 left, 5 center, 1 right
    7. Nov 12Miami Heat's home arena will get new name after FTX collapse10 articles · 9 sources
      3 left, 5 center, 0 right
    8. Nov 15FTX Says It Could Have Over 1 Million Creditors in New Bankruptcy Filing6 articles · 5 sources
      1 left, 2 center, 1 right
    9. Nov 16Tom Brady, Larry David, other celebrities named in FTX suit7 articles · 7 sources
      4 left, 1 center, 1 right
    10. Nov 17New CEO of FTX blasts its handling of financial information23 articles · 16 sources
      4 left, 6 center, 3 right
    11. Nov 21– 24$740M in crypto assets recovered in FTX bankruptcy so far58 articles · 28 sources
      7 left, 14 center, 6 right
    12. Nov 22FTX, Bankman-Fried's parents, senior execs bought $121M worth of Bahamas properties: report5 articles · 5 sources
      2 left, 0 center, 3 right
    13. Nov 28– 29Cryptocurrency lender BlockFi files for bankruptcy, latest in FTX fallout44 articles · 26 sources
      8 left, 9 center, 6 right
    14. Nov 29– Dec 1FTX founder Sam Bankman-Fried: 'Look, I screwed up'18 articles · 13 sources
      2 left, 5 center, 3 right

  2. December 2022

    1. Dec 1Ex-FTX CEO Says He Did Not 'Knowingly' Misuse Millions of Dollars in Customer Funds19 articles · 12 sources
      5 left, 5 center, 2 right
    2. Dec 5– 9FTX founder Sam Bankman-Fried says he’s willing to testify before House committee22 articles · 16 sources
      4 left, 5 center, 4 right
    3. Dec 12– 13Lawmakers to hold FTX hearing despite former CEO arrest5 articles · 5 sources
      2 left, 1 center, 2 right
    4. Dec 13FTX CEO blames 'grossly inexperienced' owners for collapse, says customer money funded risky Alameda trades6 articles · 5 sources
      2 left, 1 center, 2 right
    5. Dec 13– 19FTX founder agrees to extradition to US, attorney says47 articles · 26 sources
      8 left, 8 center, 6 right
    6. Dec 13– 15Bankman-Fried, former CEO of crypto firm FTX, arrested in Bahamas92 articles · 49 sources
      12 left, 18 center, 14 right
    7. Dec 13– 14FTX founder charged in scheme to defraud crypto investors98 articles · 51 sources
      15 left, 23 center, 8 right
    8. Dec 18– 19Sam Bankman-Fried pictured arriving at courthouse in Bahamas, where his extradition to the US could be decided9 articles · 7 sources
      1 left, 5 center, 1 right
    9. Dec 19– 23FTX founder Bankman-Fried allowed $250M bond, house arrest124 articles · 42 sources
      11 left, 16 center, 9 right
    10. Dec 21– 22Associates of FTX founder plead guilty to criminal charges67 articles · 30 sources
      10 left, 12 center, 6 right

Back to the years

202335 stories

Show

  1. January 2023

    1. Jan 3Sam Bankman-Fried Expected To Enter Not Guilty Plea8 articles · 7 sources
      3 left, 2 center, 1 right
    2. Jan 3– 4FTX founder Sam Bankman-Fried pleads not guilty to fraud73 articles · 39 sources
      12 left, 16 center, 5 right
    3. Jan 11FTX Has Recovered $5 Billion Worth of ‘Liquid' Assets, Lawyers Say7 articles · 7 sources
      1 left, 3 center, 3 right
    4. Jan 11Florida Judge Terminates FTX’s Naming-Rights for Miami Heat Arena9 articles · 4 sources
      0 left, 2 center, 2 right
    5. Jan 12Sam Bankman-Fried defends himself in online post: 'I didn’t steal funds'7 articles · 7 sources
      3 left, 1 center, 2 right

  2. February 2023

    1. Feb 23FTX founder faces new charges in rewritten indictment22 articles · 22 sources
      6 left, 9 center, 4 right
    2. Feb 28FTX co-founder Nishad Singh pleads guilty to fraud charges6 articles · 6 sources
      3 left, 0 center, 1 right

  3. March 2023

    2. Mar 28– 30Sam Bankman-Fried pleads not guilty to additional federal charges15 articles · 13 sources
      3 left, 5 center, 3 right

  4. April 2023

    1. Apr 17– 18Shaq finally served court documents in FTX lawsuit6 articles · 6 sources
      3 left, 2 center, 1 right

  5. May 2023

    1. May 9FTX founder Sam Bankman-Fried seeks dismissal of indictment21 articles · 16 sources
      4 left, 6 center, 5 right

  6. June 2023

    1. Jun 9– 10Judge in FTX bankruptcy rejects media challenge, says customer names can remain secret13 articles · 13 sources
      5 left, 6 center, 2 right
    2. Jun 13– 15Judge Weighs Whether Sam Bankman-Fried Will Face Two Criminal Trials8 articles · 7 sources
      2 left, 1 center, 4 right

  7. July 2023

    2. Jul 26Feds ask to jail Bankman-Fried for witness intimidation ahead of FTX trial8 articles · 8 sources
      2 left, 4 center, 1 right

  8. August 2023

    1. Aug 11– 14Sam Bankman-Fried is headed to one of New York City's most notorious prisons14 articles · 12 sources
      4 left, 2 center, 4 right
    2. Aug 11– 12FTX founder Sam Bankman-Fried jailed; judge says crypto mogul tampered with witnesses73 articles · 39 sources
      13 left, 14 center, 9 right
    3. Aug 12– 15Testimony from Sam Bankman-Fried's trusted inner circle will be used to convict him, prosecutors say13 articles · 12 sources
      2 left, 6 center, 3 right

  9. September 2023

    1. Sep 1Robinhood buys back $605 million stake once owned by Sam Bankman-Fried7 articles · 7 sources
      1 left, 3 center, 3 right
    3. Sep 19– 20FTX lawsuit says Sam Bankman-Fried's parents "siphoned millions of dollars"17 articles · 17 sources
      8 left, 3 center, 4 right
    4. Sep 29– Oct 4Jury selection begins in trial of FTX mogul Sam Bankman-Fried50 articles · 40 sources
      14 left, 14 center, 5 right

  10. October 2023

    2. Oct 2Sam Bankman-Fried wanted to pay Donald Trump not to run for office. The price? $5 billion, says his biographer.8 articles · 8 sources
      2 left, 1 center, 4 right
    3. Oct 4– 11Caroline Ellison says FTX founder Sam Bankman-Fried corrupted her values so she could lie and steal31 articles · 22 sources
      6 left, 8 center, 4 right
    4. Oct 4Sam Bankman-Fried's crypto empire was 'built on lies,' US prosecutor says5 articles · 5 sources
      2 left, 2 center, 1 right
    6. Oct 16Sam Bankman-Fried's lawyers say he needs more Adderall to concentrate in court6 articles · 6 sources
      1 left, 2 center, 3 right
    7. Oct 25– 27Sam Bankman-Fried Needs to Testify Twice: To Judge, Then to Jury23 articles · 17 sources
      7 left, 6 center, 3 right
    8. Oct 25– 28FTX founder Sam Bankman-Fried acknowledges in court that customers were hurt but denies fraud74 articles · 44 sources
      14 left, 16 center, 9 right
    9. Oct 27– Nov 3Jury starts deliberations in Sam Bankman-Fried $10 billion fraud trial21 articles · 14 sources
      5 left, 4 center, 5 right
    10. Oct 27– Nov 1Prosecutor cites 'pyramid of deceit' in urging jury to convict FTX founder Sam Bankman-Fried15 articles · 12 sources
      4 left, 5 center, 2 right
    11. Oct 28– Nov 4Sam Bankman-Fried found guilty in FTX crypto fraud case168 articles · 91 sources
      26 left, 38 center, 14 right

  11. December 2023

    1. Dec 30Bankman-Fried Won’t Face Second Trial on Remaining Charges29 articles · 18 sources
      5 left, 8 center, 3 right

Back to the years

202413 stories

Show

  1. January 2024

  2. February 2024

    2. Feb 28FTX founder Sam Bankman-Fried's lawyer asks judge to reject 100-year recommended sentence12 articles · 11 sources
      5 left, 4 center, 2 right

  3. March 2024

    2. Mar 25– 29Fallen crypto mogul Sam Bankman-Fried sentenced to 25 years in prison140 articles · 83 sources
      25 left, 30 center, 16 right

  4. April 2024

    1. Apr 11– 12Sam Bankman-Fried appeals FTX fraud conviction and 25-year jail term9 articles · 9 sources
      1 left, 4 center, 1 right

  5. May 2024

    1. May 8– 9FTX says it will return money to most of its customers32 articles · 30 sources
      12 left, 12 center, 4 right
    2. May 28Former FTX executive Ryan Salame sentenced to seven and a half years in prison12 articles · 12 sources
      6 left, 3 center, 2 right

  6. September 2024

    1. Sep 13– 14Sam Bankman-Fried appeals fraud conviction tied to FTX collapse14 articles · 8 sources
      1 left, 6 center, 1 right
    2. Sep 24– 25Former FTX executive Caroline Ellison gets 2 years in prison over fraud63 articles · 32 sources
      9 left, 10 center, 8 right

  7. October 2024

    1. Oct 30FTX’s Nishad Singh gets no jail time for role in crypto fraud5 articles · 3 sources
      1 left, 2 center, 0 right

  8. November 2024

    1. Nov 11FTX sues crypto exchange Binance and its former CEO Zhao for $1.8 billion10 articles · 7 sources
      1 left, 3 center, 2 right

Back to the years

20262 stories

Hide

  1. June 2026

  2. September 2026

    1. Sep 10– 11Former crypto billionaire Sam Bankman-Fried appeals conviction to Supreme Court9 articles · 9 sources
      1 left, 8 center, 0 right

Back to the years