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    Sam Bankman-Fried Under House Arrest and Awaiting Trial, Contrary to Online Claims

    by Brea Jones Jun 29, 2023 3 minutes

    Quick Take

    FTX co-founder Sam Bankman-Fried was arrested in 2022 for allegedly defrauding customers by stealing billions of dollars for personal use, including nearly $38 million in political donations to Democrats. Online posts falsely claim the Biden administration has dropped all charges against Bankman-Fried. But he is under house arrest and awaiting trial.

    Full Story

    the co-founder and former CEO of the cryptocurrency firm FTX, is facing in prison after being charged with stealing billions of dollars from FTX investors, investing in other companies and making political donations. 

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