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| Date FTX Founded | May 2019 |
| Place of Birth | Stanford, California, United States |
| Nationality | American |
| Date of Birth | March 5, 1992 |
| Age | 33 |
| Sex | Male |
| Race | White |
| Hair | Dark Brown / Curly |
| Eyes | Brown |
| Background | MIT (physics, 2014) · Jane Street Capital trader (2014–2017) · Co-founder Alameda Research (2017) · FTX founder/CEO |
| Affiliated Platforms | FTX, Alameda Research, FTX.US |
| Customer Funds Stolen (est.) | ~$8,000,000,000–$11,000,000,000 |
| Arrest | December 12, 2022 (Nassau, Bahamas) · extradited to United States |
| Trial Verdict | November 2, 2023 — Guilty on all 7 counts |
| Sentence | 25 years federal prison + 3 years supervised release |
| Forfeiture Order | $11,000,000,000 |
| Current Custody | Federal Bureau of Prisons #37244-510 · MDC Brooklyn (pending appeal transfer) |
| Appeal Status | Filed April 11, 2024 · argued before 2nd Circuit November 4, 2025 |
| Sentencing Judge | Hon. Lewis A. Kaplan, S.D.N.Y. |
| Languages | English |
This subject is currently in federal custody serving a 25-year sentence. The Bureau maintains this profile as an archival reference. The standing 1,000,000 $MBI reward does not apply to confirmed-custody Archive subjects.
Bankman-Fried built a public persona around effective altruism, vegan ethics, and a cultivated rumpled aesthetic. Judge Kaplan characterized this image as, at least in part, "an act," and described Bankman-Fried's testimony as displaying "exceptional flexibility with the truth," including three instances of perjury during trial. Financier Anthony Scaramucci publicly described him as "the Bernie Madoff of crypto." His parents, Stanford Law professors Barbara Fried and Joseph Bankman, publicly maintained his innocence throughout proceedings.
In November 2022, evidence of potential commingling of FTX customer funds with the trading book of affiliated hedge fund Alameda Research began to surface. Depositors rushed to withdraw, FTX entered bankruptcy, and prosecutors alleged that approximately $8–11 billion in customer funds had been stolen from the exchange and used by Alameda Research for proprietary trading, political donations, real estate in the Bahamas, venture investments, and personal lifestyle. Three co-conspirators — former Alameda CEO Caroline Ellison, FTX engineering head Nishad Singh, and FTX co-founder/CTO Gary Wang — pleaded guilty and testified against Bankman-Fried at trial.
A federal jury in the Southern District of New York convicted Bankman-Fried on November 2, 2023 on all seven counts. On March 28, 2024, Judge Lewis A. Kaplan sentenced him to 25 years in federal prison with $11 billion in forfeiture. The case has been described by the U.S. Attorney for the SDNY as "one of the largest financial frauds in history." Bankman-Fried filed an appeal on April 11, 2024, and a separate motion for a new trial on September 13, 2024 alleging judicial bias. The 2nd Circuit heard oral argument on November 4, 2025 with a ruling pending. He remains in BOP custody.
If you have any information concerning this person, including wallet addresses, transaction hashes, or insider communications, please contact the Bureau through the official channels below.
Field Office: Closed Investigation — Archive Division
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