Sam Bankman-Fried

The Backpack Exchange team in a meeting, discussing strategies for a secure and ethical cryptocurrency exchange platform.

From the Ashes of FTX: Former Executives Launch Backpack Exchange, Aiming for Trust and Transparency in Crypto

In the wake of Sam Bankman-Fried’s conviction on fraud-related charges, former FTX executives, including Can Sun and Armani Ferrante, are forging a new path with Backpack Exchange, a Dubai-based cryptocurrency exchange. This venture, born from the lessons of FTX’s downfall, strongly emphasizes securing customer funds. Sun says, “In a post-FTX world, you need trust and […]

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Image of a gavel and the FTX logo, representing Sam Bankman-Fried's conviction in the FTX fraud case.

FTX’s Sam Bankman-Fried Convicted in Historic Crypto Fraud Case

Sam Bankman-Fried, the former CEO of FTX, has been found guilty on all seven fraud charges in a historic ruling that will have a lasting impact on the cryptocurrency community. This case represents a sharp decline in popularity for the once-promising crypto entrepreneur. Following a quick five-week trial and just a few hours of jury

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