Sam Bankman-Fried
Also known as SBF
Sam Bankman-Fried is a former cryptocurrency executive who, as CEO of FTX, led the $580 million Series B round of the AI company Anthropic in April 2022. Born in Stanford, California, he graduated from MIT in 2014 with a physics degree, worked at Jane Street Capital, cofounded the trading firm Alameda Research in 2017, and founded the FTX exchange in 2019. After FTX collapsed in November 2022, he was arrested in December 2022, a jury convicted him on all seven counts in 2023, and he received a 25-year sentence in 2024. The 2nd US Circuit Court of Appeals upheld the conviction in June 2026. He is serving the sentence at Federal Correctional Institution, Lompoc, and petitioned the Supreme Court for a new trial in September 2026.
Timeline
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1992–2014
Physics degree at MIT
He is born in 1992 in Stanford, California, and graduates from the Massachusetts Institute of Technology in 2014 with a bachelor's degree in physics and a minor in mathematics.
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2013–2017
Jane Street and effective altruism
After graduating from MIT, he works full-time at the trading firm Jane Street Capital, where he had interned in the summer of 2013. In September 2017, he leaves for Berkeley, California, and works briefly at the Centre for Effective Altruism as director of development.
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2017–2019
Alameda Research and FTX
In November 2017, he cofounds the quantitative trading firm Alameda Research, and in April 2019 he founds the FTX cryptocurrency derivatives exchange.
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April 2022
Leading Anthropic's Series B
In April 2022, as CEO of FTX, he leads the $580 million Series B funding round in the AI company Anthropic. Caroline Ellison, Jim McClave, Nishad Singh, Jaan Tallinn and the Center for Emerging Risk Research also take part.
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November 2022–December 2022
The FTX collapse and arrest
FTX collapses in November 2022, leaving customers, investors and lenders short over $11 billion. He is arrested in the Bahamas in December 2022 and extradited to the United States, where he is indicted on seven criminal charges.
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November 2023–March 2024
A 25-year prison sentence
A Manhattan federal jury convicts him on all seven counts in November 2023 after a monthlong trial. In March 2024, he is sentenced to 25 years in prison and ordered to forfeit $11 billion.
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April 2024–June 2026
Appeal and pardon petition
He appeals his conviction and sentence in April 2024. In June 2026, the 2nd US Circuit Court of Appeals affirms the conviction, the 25-year sentence and an approximately $11 billion forfeiture order, and he files a petition for a presidential pardon.
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As of October 2026
Prison and a Supreme Court petition
He is serving his 25-year sentence at Federal Correctional Institution, Lompoc. In September 2026, he petitions the Supreme Court of the United States for a new trial, arguing that the trial court improperly restricted evidence about whether FTX and Alameda had sufficient assets to repay customers.
Career
- 2019–2022FTXFounder, CEO
- 2017Centre for Effective AltruismDirector of Development
- From 2017Alameda ResearchCo-founder
- 2013–2017Jane StreetIntern
Education
- 2014Massachusetts Institute of TechnologyBachelor's degree in physics
Sources and credits
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- Sam Bankman-Fried - Wikipedia
- Google invests $300M in AI firm previously funded by Sam Bankman-Fried
- FTX CEO leads $580m Series B round in Anthropic - Private Equity Wire
- US Prosecutors Calls SBF's $500 Million Investment in AI Firm Anthropic 'Wholly Irrelevant' - Decrypt
- Appeals court upholds FTX co-founder Sam Bankman-Fried's fraud conviction - WTOP News
- Ex-crypto mogul Sam Bankman-Fried convicted of defrauding FTX customers
- Sam Bankman-Fried Formally Applies For A Pardon


