Evidence in the FTX case -- pleas, messages, and the trial record

Withdrawals failed in the first week of November 2022 after a CoinDesk report on Alameda's balance sheet and a public spat over the FTT token. Chapter 11 petitions were filed on 11 November 2022.

On 2 November 2023 a Southern District of New York jury convicted him on seven counts, including wire fraud and conspiracy to commit wire fraud on customers and lenders, and related conspiracy counts (securities, commodities, and money-laundering conspiracies as charged).

Judge Lewis A. Kaplan imposed 25 years on 28 March 2024, plus forfeiture set out in the judgment. He appealed. The trial-court sentence is the encyclopedia's recorded term unless an appellate court changes it.

Caroline Ellison, Gary Wang, and Nishad Singh pleaded guilty and cooperated with the U.S. Attorney for the Southern District of New York. Their pleas and testimony were central to the government's case.

A trading firm founded by Bankman-Fried before FTX and still under his control. Prosecutors and cooperators described it as the entity that used FTX customer assets. Ellison was its CEO at the collapse.

The Delaware bankruptcy estate reported substantial recoveries and a claims process that, in later public updates, pointed toward high nominal recovery on allowed customer claims. That civil result is separate from the criminal conviction.