US Attorney, Southern District NY holds Press Conference on Sam Bankman-Fried Indictment, FTX Bankruptcy

Jon Breyfogle

Digital Securities Lab Community Manager
Staff member
May 30, 2022
Findlay, Ohio
This afternoon, the US Attorney’s Office for the Southern District of New York held a press conference discussing the indictment of Sam Bankman-Fried, the one-time CEO of FTX and now the alleged perpetrator of one of the largest frauds in history.

As the details emerge, it appears that Bankman-Fried orchestrated the fraud since the launch of FTX back in 2019. Effectively, he used the crypto exchange as a piggy bank, pumping up FTX, buying real estate, and doling out millions of dollars in political contributions to curry legislative and regulatory favor.


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