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The Guardian - US
The Guardian - US
Business
Victoria Bekiempis in New York

‘Dark’ donations, free love and the fall: the Sam Bankman-Fried trial is here

Sam Bankman-Fried Caroline Ellison FTX Bankman Alameda Gary Wang Nishad Singh Crypto Binance Damian Williams
Sam Bankman-Fried surrounded by photographers
According to the Manhattan US attorney: ‘This was not a case of mismanagement or poor oversight, but of intentional fraud, plain and simple.’ Photograph: Justin Lane/EPA-EFE

For several years, Sam Bankman-Fried was crypto’s rising star, a seemingly razor-sharp and legitimate figure in the largely opaque world.

As founder of the crypto exchange FTX and its associated hedge fund, Alameda Research, Bankman-Fried wooed private investors and lawmakers alike with his pitch of a crypto trading platform that was safer and more risk-averse than those that had preceded it.

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