sbf

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.

According to Bloomberg, U.S. prosecutors stated that FTX co-founder Sam Bankman-Fried's request for a retrial should be denied because he failed to prove that his conviction was unjust.SBF is serving a 25-year prison sentence after a jury found him guilty of fraud and conspiracy in connection with the collapse of the FTX cryptocurrency exchange in 2023.

In response to SBF's post on platform X praising the CLARITY Act as an important milestone in the history of cryptocurrency development and a significant achievement for Trump, U.S. Senator Cynthia Lummis stated that SBF seeks a pardon but fails to realize that the CLARITY Act would result in him being sentenced to far more than 25 years in prison.She emphasized that her legislative proposal is "entirely different" from the bill SBF attempted to purchase from Congress in 2022 and clearly stated, "We neither need nor want SBF's support."

FTX founder SBF posted on X platform and @Trump, stating that the "Cryptocurrency Market Structure Bill" (the CLARITY Act) will become an important milestone in the history of cryptocurrency development and a significant achievement for President Trump. "I once actively promoted a similar bill aimed at freeing cryptocurrency from the control of former SEC Chairman Gary Gensler, but Gensler helped Biden's Justice Department send me to prison."Imprisoned SBF is launching a futile campaign for a presidential pardon in the United States. Trump pardoned SBF's cellmate, former Honduran President Juan Orlando Hernández, on December 2 last year. Since then, SBF has frequently tweeted his support for Trump's policies, trying to curry favor with Trump in hopes of a pardon or sentence reduction. In fact, SBF's family has been publicly lobbying Trump since early 2025 and actively arranging meetings with his allies. However, earlier today, a White House spokesperson made it clear that Trump has no intention of pardoning SBF.Note: SBF is still in prison, and this message is being forwarded by a friend who has access to SBF's account.

According to Fortune, convicted FTX founder Sam Bankman-Fried is launching a campaign on social media to seek a presidential pardon, but a White House spokesperson reiterated to Fortune that President Trump has no intention of granting him a pardon.Although Bankman-Fried was once a major donor to the Democratic Party, his recent comments on the social platform X have clearly shifted to support MAGA positions, criticizing the "deep state" and praising Trump. This strategy comes in the context of the Trump administration's lenient stance on cryptocurrency regulation and the backdrop of pardons being offered, including for Binance founder Changpeng Zhao.Bankman-Fried is currently serving a 25-year sentence in federal prison while challenging his conviction in federal appeals court. The White House spokesperson cited Trump's statement from January of this year, confirming that the president does not intend to pardon Bankman-Fried or several other high-profile inmates.

SBF posted on the X platform, stating that he listed 10 "myths" about himself and FTX, the first being "FTX is insolvent / $8 billion has disappeared." SBF claimed that the truth is FTX was solvent and is currently compensating customers at a rate of 119%-143%.He added that FTX could have repaid customers in kind, but after the lawyers paid themselves $1 billion, they chose to quickly split the assets and slowly repay the customers.

The founder of FTX, Sam Bankman-Fried, has seen significant appreciation in his early investments prior to his conviction. He invested $500 million in the AI startup Anthropic, which is now valued at around $70 billion; Solana (SOL) tokens worth $60 million that he purchased at $8 each peaked at $2.1 billion; a $100 million investment in the Sui blockchain development team Mysten Labs has now appreciated to over $800 million; additionally, his 7.5% stake in Robinhood is now worth about $10 billion.If SBF's assets had not been seized by authorities after the collapse of FTX, these early investments could have yielded him over $80 billion. SBF's failure was not due to poor investment judgment, but rather because of the illegal misappropriation of customer funds and violations of financial regulations, ultimately leading to the collapse of his empire.

The bankrupt cryptocurrency exchange FTX's former CEO Sam Bankman-Fried (SBF) posted a series of tweets on X, criticizing the Biden administration's policies on the cryptocurrency industry. SBF stated, "Biden has messed up cryptocurrency," and accused Biden of choosing Gary Gensler to serve as the chairman of the U.S. Securities and Exchange Commission.In his tweets, SBF questioned, "When the U.S. Department of Justice told me that my donations to the Republican Party constituted campaign finance fraud, I asked how that could be?" SBF also remarked, "All the world leaders I have met are fed up with Biden. The Democrats may control the traditional media, but they cannot control the truth."SBF praised Trump: "Fortunately, Trump pardoned those who were framed by drug dealers and Biden, and arrested a real drug dictator. Arresting Maduro was wise, brave, and supportive of democracy."