What is Bankman-fried FTX?

Bankman-Fried started FTX in 2019, and before long, the company was valued at an eye-popping $32 billion. The company ran one of the largest cryptocurrency exchanges in the world, and it was the centerpiece of a crypto empire that spanned the globe. Bankman-Fried also founded a crypto-focused hedge fund, called Alameda Research.

When is FTX founder Sam Bankman-fried's trial?

FTX founder Sam Bankman-Fried's trial is about to start. Here's what you need to know Former FTX CEO Sam Bankman-Fried arrives for a bail hearing at Manhattan Federal Court in New York City on Aug. 11, 2023. Bankman-Fried is set to start his blockbuster trial on Tuesday. It's expected to last about six weeks.

Who is Sam Bankman-fried?

REUTERS/Jeenah Moon NEW YORK, Dec 23 (Reuters) - Sam Bankman-Fried and other FTX executives received billions of dollars in secret loans from the crypto mogul's Alameda Research, the hedge fund's former chief told a judge when she pleaded guilty to her role in the exchange's collapse.

Who are the defendants in the Bankman-fried lawsuit?

Other defendants listed in the complaint are FTX and its affiliated company Alameda Research. The U.S. derivatives regulator alleges Bankman-Fried and other FTX executives took hundreds of millions of dollars in loans from Alameda, using the funds to buy real estate and make donations to politicians.