Despite the avalanche of information about his crypto blow-up, one big question remains
the holiday season in Joseph Bankman and Barbara Fried’s household was like many others. Adult children who have fled the nest often return home for the festive period. Their son, Sam Bankman-Fried, the founder of, a now defunct crypto exchange, did the same. He flew to Palo Alto, California on December 22nd and departed shortly after New Year’s Day.
It is not clear when or whether his case will go to trial. It is possible that Mr Bankman-Fried, who continues to claim he did not intentionally defraud anyone, will strike a plea deal with prosecutors. If there is a trial he will face the testimony of his former colleagues: Caroline Ellison, who ran Alameda, the hedge fund Mr Bankman-Fried founded and majority-owned, and Gary Wang, a co-founder of, both of whom are now co-operating with the authorities.
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