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A Project of The Annenberg Public Policy Center

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

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

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.

Bogus Theory Misinterprets FTX Support for Ukraine

Bogus Theory Misinterprets FTX Support for Ukraine

The bankruptcy of FTX, one of the world’s largest cryptocurrency exchanges, has sparked an unfounded claim that its former CEO had conspired with Ukraine and Democratic politicians to launder U.S. aid money. FTX helped make crypto donations available to Ukraine; it wasn’t taking any assets from Ukraine.