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Wikipedia - Sam Bankman-Fried
referenceCredibility Rating
3/5
Good(3)Good quality. Reputable source with community review or editorial standards, but less rigorous than peer-reviewed venues.
Rating inherited from publication venue: Wikipedia
Relevant to AI safety as SBF was a major funder of EA and AI safety organizations; his fraud conviction raised concerns about donor vetting, funding concentration risks, and reputational damage to the broader AI safety field.
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Importance: 35/100wiki pagereference
Summary
Wikipedia biography of Sam Bankman-Fried (SBF), founder of the FTX cryptocurrency exchange and Alameda Research, who was convicted of fraud and related crimes in November 2023 and sentenced to 25 years in prison. SBF was a prominent figure in the effective altruism community and made large donations to AI safety causes before FTX's collapse in 2022.
Key Points
- •SBF founded FTX cryptocurrency exchange and co-founded Alameda Research, becoming one of the wealthiest Americans before FTX's collapse in November 2022.
- •Convicted in November 2023 on 7 counts including wire fraud, securities fraud, commodities fraud, and money laundering; sentenced to 25 years in prison.
- •Was a high-profile advocate of effective altruism (EA) and donated significantly to AI safety and biosecurity causes, raising questions about EA's vetting processes.
- •FTX's collapse and SBF's fraud conviction became a reputational crisis for the EA and AI safety communities given his prominent role as a major donor.
- •His brother Gabriel Bankman-Fried was also involved in EA-aligned political advocacy, highlighting the family's deep ties to the movement.
Cited by 1 page
| Page | Type | Quality |
|---|---|---|
| Sam Bankman-Fried | Person | 55.0 |
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Sam Bankman-Fried - Wikipedia
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From Wikipedia, the free encyclopedia
American entrepreneur/fraudster (born 1992)
Sam Bankman-Fried Bankman-Fried in 2021 Born Samuel Benjamin Bankman-Fried
( 1992-03-05 ) March 5, 1992 (age 34) [ 1 ]
Stanford, California , U.S. Other names SBF Education Massachusetts Institute of Technology ( BS ) Occupation Entrepreneur Known for
CEO of FTX
Co-founder of Alameda Research
Parent(s) Joseph Bankman (father)
Barbara Fried (mother) Relatives Linda P. Fried (aunt)
Gabriel Bankman-Fried (brother) Convictions
Wire fraud (2 counts)
Conspiracy (5 counts)
Conspiracy to commit wire fraud (2 counts)
Conspiracy to commit securities fraud
Conspiracy to commit commodities fraud
Conspiracy to commit money laundering
Criminal penalty 25 years in prison Date apprehended August 11, 2023 Imprisoned at Federal Correctional Institution, Lompoc I
Samuel Benjamin Bankman-Fried [ 2 ] (born March 5, 1992), commonly known as SBF , [ 3 ] is an American entrepreneur who was convicted of fraud and related crimes in November 2023. Bankman-Fried founded the FTX cryptocurrency exchange and was celebrated as a " poster boy " for crypto, [ 4 ] with FTX having a global reach with more than 130 international affiliates. [ 5 ] At the peak of his net worth, he was ranked the 41st-richest American in the Forbes 400 . [ 6 ]
In November 2022, as evidence of potential fraud began to surface, depositors quickly withdrew their assets from FTX, forcing the company into bankruptcy . On December 12, 2022, Bankman-Fried was arrested in the Bahamas and extradited to the United States, where he was indicted on seven criminal charges, including wire fraud , commodities fraud , securities fraud , money laundering , and campaign finance law violations. [ 7 ] [ 8 ] [ 9 ]
In the case of United States v. Bankman-Fried , he was convicted of all seven counts of fraud, conspiracy , and money laundering. [ 10 ] On March 28, 2024, he was sentenced to 25 years in prison and ordered to forfeit $11 billion. [ 11 ] [ 12 ] [ 13 ] The trial was one of the most notorious cases of white-collar crime in the United States; the financier Anthony Scaramucci termed Bankman-Fried "the Bernie Madoff of crypto". [ 14 ]
Early life
[ edit ]
Sam Bankman-Fried was born on March 5, 1992, to upper-middle class Jewish parents in Stanford, California . [ 1 ] [ 15 ] [ 16 ] His parents are Barbara Fried and Joseph Bankman , both professors at Stanford Law School . [ 1 ] His maternal grandmother, Adrienne Fried Block, was a noted musicologist. [ 17 ] His maternal grandfather, George Fried, [ 18 ]
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