# Sam Bankman-Fried

> Sam Bankman-Fried is the American co-founder and former CEO of cryptocurrency exchange FTX and co-founder of Alameda Research. An MIT physics graduate and former Jane Street trader, he promoted earning to give and became a prominent crypto executive before FTX collapsed in November 2022. Convicted of seven fraud and conspiracy counts in 2023, he was sentenced to 25 years in prison in 2024. The Second Circuit affirmed the judgment in June 2026; his September 2026 Supreme Court petition remains pending as of October 23, 2026.

- **Role:** Former cryptocurrency executive and trader; entrepreneur convicted of fraud
- **Organizations:** FTX (former co-founder and CEO), Alameda Research (co-founder and former CEO), Jane Street (former trader), Centre for Effective Altruism (former employee)
- **From:** Stanford, United States
- **Nationality:** American
- **Education:** Bachelor of Science in Physics; minor in Mathematics, Massachusetts Institute of Technology
- **Known for:** Co-founded Alameda Research in 2017 and developed a cryptocurrency arbitrage business., Co-founded FTX in 2019; the exchange reached a $32 billion private funding valuation in January 2022, before its collapse., Included in the 2022 TIME100 list; this was recognition before FTX failed.

## Career timeline

- **2010** — Entered MIT; taught a Splash class on electromagnetism as a freshman.
- **2014** — Graduated from MIT and joined Jane Street as a trader.
- **2017** — Left Jane Street; briefly worked at the Centre for Effective Altruism and co-founded Alameda Research with Tara Mac Aulay.
- **2019** — Co-founded FTX with Gary Wang.
- **2021** — FTX moved its headquarters from Hong Kong to the Bahamas.
- **2022-01** — FTX announced a $400 million funding round at a $32 billion valuation.
- **2022-11** — FTX filed for bankruptcy on November 11; Bankman-Fried resigned as CEO.
- **2022-12** — Arrested in the Bahamas and extradited to the United States.
- **2023-11** — Convicted on all seven fraud and conspiracy counts on November 2.
- **2024-03** — Sentenced on March 28 to 25 years in prison, three years of supervised release and forfeiture exceeding $11 billion.
- **2026-04** — District court denied his motion for a new trial and request for recusal on April 28.
- **2026-06** — Second Circuit affirmed the judgment on June 12.
- **2026-09** — Filed a Supreme Court petition on September 10; docketed September 15 as No. 26-349.
- **2026-10** — Supreme Court extended the government response deadline to November 16, 2026.

## Achievements

- Co-founded Alameda Research in 2017 and developed a cryptocurrency arbitrage business.
- Co-founded FTX in 2019; the exchange reached a $32 billion private funding valuation in January 2022, before its collapse.
- Included in the 2022 TIME100 list; this was recognition before FTX failed.

## Latest updates

- **2026-10** — On October 13, the Supreme Court extended the government’s response deadline to November 16, 2026. Multiple amicus briefs were filed October 15. No grant of review appears on the docket as of October 23.
- **2026-09** — Filed petition for a writ of certiorari September 10, docketed September 15 as Samuel Bankman-Fried v. United States, No. 26-349.
- **2026-06** — On June 12, the Second Circuit affirmed his conviction, sentence and forfeiture judgment.
- **2026-04** — On April 28, Judge Lewis Kaplan denied his motion for a new trial and request for recusal.

## Links

- Website: https://sambf.substack.com/
- LinkedIn: https://www.linkedin.com/in/sam-bankman-fried-8367a346/
- Twitter/X: https://x.com/SBF_FTX
- Instagram: https://www.instagram.com/sbf_ftx/
- Facebook: https://www.facebook.com/sbf.ftx/

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Profile page: https://yespress.io/sam-bankman-fried
Published by YesPress — https://yespress.io
Last updated: 2026-10-24