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FTX Founder Sam Bankman-Fried on the Crypto Exchange's Collapse - WSJSam Bankman-Fried, also known by the initials SBF, has tumbled from crypto king to convicted fraudster. The founder of the FTX cryptocurrency. Crypto tycoon Sam Bankman-Fried found guilty on all charges in fraud trial Bankman-Fried faces up to years behind bars following guilty. US prosecutors say they do not plan to conduct a second trial against Sam Bankman-Fried, who was convicted last month of stealing from customers.