Recapping FTX Founder Sam Bankman-Fried's Trial

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Helene is a New York-based reporter covering Wall Street, the rise of the spot bitcoin ETFs and crypto exchanges. She is also the co-host of CoinDesk's Markets Daily show. Helene is a graduate of New York University's business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.

Thousands of people’s financial stability was taken 15 months ago when FTX founder and then CEO Sam Bankman-Fried’s lies were exposed and the former crypto exchange

Most importantly, she confirmed, through text messages and internal documents, how Bankman-Fried repeatedly made the conscious decision to take customer’s money and fund Alameda Research’s, the then trading arm of FTX, investments.. It was a well-thought out plan that required several active decisions by the former CEO, knowing that they were criminal, a jury found last year.

 

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