description Sam Bankman-Fried Overview
Sam Bankman-Fried is an American entrepreneur who co-founded the cryptocurrency trading firm Alameda Research and the cryptocurrency exchange FTX. FTX filed for bankruptcy in November 2022 after the exchange faced a liquidity crisis, and Bankman-Fried resigned as chief executive. A federal jury in New York convicted him in 2023 on seven fraud and conspiracy counts, and a judge sentenced him in 2024 to 25 years in prison.
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