Sam Bankman-Fried

Former cryptocurrency executive who co-founded Alameda Research and founded and led the FTX exchange, and who was convicted of fraud and conspiracy offences in 2023.

Independently verifiedLatest source dated 2026-10-15Last reviewed 2026-10-26

What outcomes can be attributed to Sam Bankman-Fried?

FTX/Alameda losses cited at sentencing

Independently verified

Role: Founder and CEO of FTX; convicted defendant
Outcome: About $8 billion customer losses, $1.7 billion investor losses and $1.3 billion lender losses
Reported by: U.S. District Judge Lewis A. Kaplan at sentencing (as reported)

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FTX bankruptcy creditor distributions

Delivered

Role: Founder of the debtor companies (no role in the bankruptcy administration)
Outcome: About $10 billion distributed since the Nov 2022 filing by July 2026; fifth round about $900 million from 31 Jul 2026; convenience claims under $50,000 at 120%, other claims 103-105%
Reported by: FTX Recovery Trust (as reported by Cointelegraph)

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Sources

Appeals court upholds FTX co-founder Sam Bankman-Fried's fraud convictionInvestment Executive (AP report), 2026-06-12, secondary source
FTX Sets Next Distribution Date and Amends Proposed Disputed Claims Reserve ReductionFTX Trading Ltd. and FTX Recovery Trust (Cision release), 2026-05-26, primary source
FTX to distribute millions to creditors in fifth payment roundCointelegraph, 2026-07-17, secondary source

Change history

2026-10-26 Record published.

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