sbf

The U.S. government previously seized the shares of Anthropic held by FTX founder Sam Bankman-Fried's two key allies, Caroline Ellison and Nishad Singh, and sold the related shares to existing investors of Anthropic in 2025. However, the specific buyers, transaction prices, and the amount received by the government have not been disclosed. The court previously ruled that Ellison and Singh must forfeit their shares in Anthropic. The U.S. government acquired the shares of the two in February and April 2025, respectively. The two had previously invested $10 million and $40 million to participate in Anthropic's Series B financing in 2022.As Anthropic's valuation skyrocketed, the value of their shares significantly increased. UCLA professor Olav Sorenson estimated that based on Anthropic's announced valuation of $965 billion in May this year, the total value of their holdings is approximately $4.17 billion to $5.03 billion; if Anthropic goes public at a valuation of $2 trillion in the future, the value of the related shares could reach about $5.44 billion. It is currently unclear at what price the U.S. government sold these shares. Estimates indicate that if the transaction occurred at different points in time in 2025, the proceeds from the sale of the related shares could range from approximately $250 million to $1.1 billion. Notably, as of the end of June 2026, the proceeds from the sale do not appear to have been transferred into the FTX bankruptcy estate management system. FTX victims' representative Sunil Kavuri stated that the government should use the related funds to compensate the victims; the U.S. Department of Justice claimed that it prioritizes providing compensation to victims from forfeited assets, but information regarding the sale of related assets and fund distribution is confidential.

Netflix announced that the series "The Altruists," inspired by the rise and fall of FTX founder SBF and former Alameda Research CEO Caroline Ellison, will premiere on November 19, and the first stills have been released.The series consists of 8 episodes, with Anthony Boyle portraying SBF and Julia Garner playing Caroline Ellison. In the plot summary, Netflix describes the story of two young idealists attempting to rapidly reshape the global financial system, only to be accused of stealing $8 billion and ultimately falling from the peak of financial power."The Altruists" is created by Graham Moore, inspired by related articles from New York Magazine reporters Kevin T. Dugan and Jen Wieczner. Barack Obama and Michelle Obama also serve as executive producers for the series.

The United States Court of Appeals for the Second Circuit officially issued a directive, upholding the seven felony convictions and 25-year sentence of former FTX CEO Sam Bankman-Fried, and rejecting his appeal claiming that investors could be fully compensated.

According to ABC News, the New York Federal Appeals Court upheld the conviction of SBF for fraud and conspiracy following the collapse of his cryptocurrency trading platform FTX. In 2024, SBF was sentenced to 25 years in prison for orchestrating what prosecutors called one of the largest financial frauds in American history.

Crypto journalist Eleanor Terrett posted on the X platform that the U.S. Senate yesterday passed a resolution by unanimous consent, stating that FTX founder Sam Bankman-Fried should not receive a presidential pardon.The resolution was introduced by Senators Ruben Gallego and Cynthia Lummis, formally recording the Senate's political statement opposing the pardon for SBF.However, the resolution is not legally binding, so it will not prevent the U.S. President from pardoning SBF in the future, nor does it have any direct impact on his current legal situation.

According to a lengthy report by New York Magazine, FTX founder Sam Bankman-Fried (34 years old) is currently serving his sentence in a federal prison in Lompoc, California, taking Adderall and Emsam daily for clinical depression and ADHD. SBF continues to write a serialized memoir titled "Manfred," which he sends to a few close friends and family through the prison mail system. He does not eat in the cafeteria due to his commitment to vegetarianism and instead purchases ingredients from the commissary to prepare his meals, compiling a "Vegetarian Prison Cookbook."SBF spent about $135 to buy a prison tablet and has played the same game approximately 6,000 times. According to fellow inmate David Bunevacz, SBF has expressed that he will need $50 million to $100 million in startup capital to establish a business after his release, stating that he will "issue his own new token, and everyone will flock to it," but Bunevacz added that "he might be joking." SBF officially submitted a presidential pardon application on June 8, and his appeal was rejected on June 12, with his chances of receiving a pardon on Polymarket at about 14%.

According to Reuters, the appeal request by former FTX CEO Sam Bankman-Fried to overturn his fraud conviction and 25-year prison sentence has been rejected. This result means that his previous fraud case conviction and sentence remain unchanged.

According to Bloomberg, FTX founder Sam Bankman-Fried has officially submitted a presidential pardon application through the official process. SBF is currently serving a 25-year prison sentence, and his family has been lobbying the Trump administration for months.Trump clearly stated in January this year that he had no intention of pardoning SBF, and several pro-crypto Republican lawmakers have also actively opposed it, believing that this move is politically very sensitive.

According to Forbes, SBF's early investment portfolio is being re-evaluated by the market, with some opinions suggesting that if he had not been imprisoned due to the FTX collapse, his venture capital layout could theoretically yield a wealth increase of up to about $100 billion.Before the FTX collapse, SBF had established an investment landscape covering several star companies, including Anthropic, SpaceX, Robinhood, and the AI programming tool Cursor, which was considered to have significant foresight.Industry insiders pointed out that he had bet on key tracks ahead of the AI wave, among which: Cursor recently reached a partnership with SpaceX, with a valuation potentially reaching $60 billion, and Anthropic's valuation is nearing $90 billion. Rory O'Driscoll, a partner at Scale Venture Partners, stated that SBF had laid out investments in several core AI companies before ChatGPT, "demonstrating a rare investment sensitivity." However, this "investment talent narrative" was ultimately completely altered by the FTX collapse.SBF is currently serving a 25-year sentence for misappropriating over $8 billion in customer funds. At his peak, his personal wealth reached about $24 billion, and he made it onto the Forbes 400 list. Today, his venture capital capabilities are intertwined with his history of financial crime, making him one of the most controversial cases in cryptocurrency history.

U.S. District Judge Lewis Kaplan denied former FTX CEO SBF's request for a rehearing and harshly criticized the so-called new evidence he presented as baseless and "conspiracy-laden." In a court order issued on Tuesday, the judge pointed out that SBF's claims that FTX was actually solvent, that the Department of Justice was concealing information, and that witnesses were afraid to testify due to government threats were completely contradictory to the record.SBF originally accused former FTX Digital Markets co-CEO Ryan Salame and former data science chief Daniel Chapsky of not appearing in court out of fear, but the judge emphasized that SBF could have summoned or compelled them to testify but took no action. In November 2023, SBF was found guilty on all seven counts of fraud by a New York jury and was subsequently sentenced to 25 years in prison. Last week, he voluntarily withdrew his motion for a new trial, stating that he could not obtain a "fair hearing" from Judge Kaplan, but the appeal is still ongoing.The judge also criticized SBF for creating public opinion through interviews, stating that the so-called new facts had already been raised multiple times. SBF had sought a pardon from Trump, but Trump has also made it clear that there are no such plans.

According to KOL AB Kuai.Dong (@_FORAB), FTX founder SBF is imprisoned for misappropriating about $16 billion of user assets, but the potential value of his investment portfolio has sparked widespread discussion.If FTX had not gone through bankruptcy liquidation, the estimated returns on its holdings are as follows: Anthropic approximately $82.3 billion (about 165 times), SpaceX approximately $15 billion (about 75 times), Robinhood approximately $4.9 billion (about 8 times), Genesis Digital Assets approximately $3.5 billion (about 3 times), and the AI programming tool Cursor approximately $3 billion (about 15,000 times, with an original investment of only $200,000 for a 5% stake). The total potential value of the above assets exceeds $100 billion.

SBF wrote to New York Judge Lewis Kaplan, announcing the temporary withdrawal of the Rule 33 motion for a retrial. SBF stated that he needed to focus on answering the judge's question about whether his lawyers were involved in drafting the motion, and he believed he could not receive a fair hearing before that judge, so he decided to withdraw the motion. He plans to reserve the right to resubmit the motion after a ruling on the direct appeal and the related request for reassignment of the judge.Previously, SBF was sentenced to 25 years in prison for defrauding clients and investors. In his letter, he confirmed that the motion was primarily completed through his independent legal research and drafting while in Brooklyn prison, with his parents only providing editorial suggestions and assistance with printing.

SpaceX announced today that it has reached a cooperation intention with AI programming startup Cursor, which grants SpaceX the right to acquire it later this year for $60 billion, or to pay $10 billion to advance the cooperation between the two parties.It is reported that Cursor's developer Anysphere completed a $400,000 Pre-Seed round of financing in April 2022, jointly invested by Alameda Research and Heroic Ventures. Among them, Alameda invested $200,000 in Anysphere, acquiring about 5% of the shares.This equity was sold at the original price during the bankruptcy liquidation of FTX. Based on a $60 billion valuation, if the equity had not been sold, it would currently be worth about $3 billion.

Binance founder Zhao Changpeng (CZ) reveals his past with FTX founder SBF in his new book "Binance Life."In the summer of 2019, just a month after FTX launched, SBF actively sought investment. At that time, Binance CFO Zhou Wei supported the investment, and CZ ultimately decided to invest after FTX's valuation was lowered and a proposal to exchange BNB for FTT was made. However, after the investment, SBF poached Binance's VIP client manager with a fivefold salary, taking all VIP client information, which led to clients receiving targeted offers from FTX.CZ pointed out that SBF appeared to have high emotional intelligence and promoted "effective altruism," yet shortly after the investment, he was speaking ill of Binance all over Washington. In 2021, there were reports that FTX executives had close ties with politically connected Michelle Bond, promoting FTX while belittling Binance. Additionally, friends confirmed that SBF had publicly slandered Binance at closed-door gatherings. CZ had asked SBF to stop poaching, and while SBF verbally agreed, he continued to recruit with high salaries.

According to CoinDesk, Binance founder CZ stated in his autobiography "Freedom of Money" that during a phone call before Binance attempted to acquire FTX in November 2022, Sam Bankman-Fried casually asked him for tens of billions of dollars, "like ordering a bologna sandwich," and he had no intention of actually pushing the deal forward from the start.CZ wrote: "I had no interest in owning FTX, and I wasn't particularly interested in helping SBF either. But we might have to step in to protect users and the entire industry." He mentioned that he signed the non-binding letter of intent (LOI) just for formality: "I had already made it clear at the time that we would not make any commitments. Our team was just assessing the data before deciding."Regarding the collapse of FTX, CZ believes the key turning point was when former Alameda CEO Caroline Ellison publicly proposed to buy back the FTT held by Binance at a price of $22 (attempting to stabilize the market), which she made a "fatal mistake." "She effectively exposed the price floor," CZ wrote. Subsequently, professional traders quickly shorted FTT below that price. In just 72 hours, about $6 billion flowed out of FTX.CZ also revealed a Signal group called "Exchange Collaboration," created by former FTX institutional sales head Zane Tackett during the Terra (LUNA) collapse that year, with members including CZ, SBF, Brian Armstrong (Coinbase CEO), Jesse Powell (founder of Kraken), and other exchange executives. The group later attracted the attention of investigations by the U.S. Department of Justice and the Securities and Exchange Commission. "They were very eager to find evidence of collusion or market manipulation between exchanges, but in fact, such situations did not exist," CZ stated.

The identities of the bail guarantors for FTX founder Sam Bankman-Fried have been disclosed, including former Stanford Law School Dean Larry Kramer and research scientist Andreas Paepcke, who provided guarantees of $500,000 and $200,000, respectively.Reports indicate that the total bail amount of $250 million for SBF is primarily secured by properties owned by his parents in California. Previously, his lawyers attempted to keep the identities of the guarantors confidential, but the court requested their disclosure in response to media requests. Currently, the related case is still under review, and SBF is facing multiple fraud charges.

According to CoinDesk, federal prosecutors submitted documents to the judge questioning the authenticity of a letter claimed by FTX founder Sam Bankman-Fried to have been sent from prison. Prosecutors pointed out that the letter was actually sent via FedEx from the Palo Alto or Menlo Park area, which does not match the Terminal Island federal prison where he is located, and the letter incorrectly labeled his federal prison as a state facility, using a typed signature instead of a handwritten one, violating the federal prison's prohibition on using private couriers to send mail.Although prosecutors did not directly accuse SBF or his associates of forging documents, they stated that the aforementioned inconsistencies are sufficient to raise reasonable doubts about the letter's origin, which will affect the credibility of related evidence in his motion for reconsideration. SBF is currently serving a 25-year prison sentence for fraud and conspiracy and is actively seeking a reconsideration, but the appellate judges have shown clear skepticism towards his claims.

According to CoinDesk, Sam Bankman-Fried, who was sentenced to 25 years in prison, has increased his public praise for President Trump, including support for the recent U.S. actions against Iran. SBF believes this move is a necessary response to nuclear risks and claims that the action has significantly weakened Iran's military capabilities. This statement has sparked speculation about his seeking a presidential pardon.