{"id":10923,"date":"2023-01-04T11:44:49","date_gmt":"2023-01-04T16:44:49","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=10923"},"modified":"2023-01-04T11:44:49","modified_gmt":"2023-01-04T16:44:49","slug":"sec-indicts-sam-bankman-fried-and-ftx-in-cryptocurrency-collapse","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/sec-indicts-sam-bankman-fried-and-ftx-in-cryptocurrency-collapse\/","title":{"rendered":"SEC Indicts Sam Bankman-Fried and FTX In Cryptocurrency Collapse"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-10546 size-full\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/04\/Bitcoin3.jpg\" alt=\"The former CEO of the FTX cryptocurrency exchange has been arrested in connection with the company\u2019s bankruptcy and collapse. Sam Bankman-Fried (SBF) was arrested in The Bahamas on Monday, December 12, 2022, at the request of US authorities and denied bail. His entire operation is detailed in the petition by the US Securites &amp; Exchange Commission filed the day after his arrest in the US District Court in the Southern District of New York. The SEC is demanding a jury trial.  In the petition, the SEC describes how SBF began in May of 2019 when he founded FTX, a cryptocurrency trading platform as the founder and CEO. SBF raised more than $1.8 billion from investors in and out of the US. The investors bought an equity stake under the belief that FTX had both risk management and other appropriate controls in place. In fact, FTX and its subsidiary, Alameda Research, LLC, had none.\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/04\/Bitcoin3.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/04\/Bitcoin3-180x120.jpg 180w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>The former CEO of the FTX cryptocurrency exchange has been arrested in connection with the company\u2019s bankruptcy and collapse. Sam Bankman-Fried (SBF) was arrested in The Bahamas on Monday, December 12, 2022, at the request of US authorities and denied bail. His entire operation is detailed in the petition by the US Securites &amp; Exchange Commission filed the day after his arrest in the US District Court in the Southern District of New York. The SEC is demanding a jury trial. <a href=\"https:\/\/www.silverlaw.com\/blog\/sec-indicts-sam-bankman-fried-and-ftx-in-cryptocurrency-collapse\/#more-10923\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The former CEO of the FTX cryptocurrency exchange has been arrested in connection with the company\u2019s bankruptcy and collapse. Sam Bankman-Fried (SBF) was arrested in The Bahamas on Monday, December 12, 2022, at the request of US authorities and denied bail. His entire operation is detailed in the petition by the US Securites &amp; Exchange [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1655],"tags":[],"class_list":["post-10923","post","type-post","status-publish","format-standard","hentry","category-cryptocurrency"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SEC Indicts Sam Bankman-Fried and FTX<\/title>\n<meta name=\"description\" content=\"Sam Bankman-Fried (SBF), former CEO of the FTX cryptocurrency exchange, was arrested in The Bahamas on Monday, December 12, 2022,\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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