Historical retrospective · Policy
The FTX collapse became a criminal case as well as a bankruptcy
Following FTX’s 2022 failure, U.S. prosecutors brought criminal charges against founder Sam Bankman-Fried; the DOJ later announced a jury conviction and sentence.
The case centered public attention on customer-fund handling, governance, related-party risks and the difference between exchange operations and customer assets.
It became a defining reminder that centralized crypto firms remain subject to ordinary fraud and corporate-law consequences.
Criminal allegations and later verdicts are distinct procedural stages; this retrospective relies on the DOJ’s final public case summary.
Primary source
This retrospective summarizes the source below in original language. The displayed year refers to the dated event, proposal or specification; it is not the article’s publication date. This is not investment, legal or security advice.