Case OY-2026-000008

Investment complaint

Resolved

Well-known public case — not a report submitted through Oyiwa

Oyiwa staff added this case because it's a widely reported, already-adjudicated case of fraud. It isn't an open report from a victim, and no one needs to contact Oyiwa about it. See the sources below for the original reporting and court/regulatory records.

USD 8B

Reported amount

Reports

Independent reporters

9/20/2026

Opened

Incident Summary

Sam Bankman-Fried founded the cryptocurrency exchange FTX and the trading firm Alameda Research, and secretly funneled roughly $8 billion in FTX customers' deposits to Alameda to cover its losses, fund risky investments, and support a lavish lifestyle, while telling customers and investors their funds were safe. FTX collapsed into bankruptcy in November 2022. A federal jury convicted Bankman-Fried in November 2023 on seven counts including wire fraud and conspiracy, and he was sentenced in March 2024 to 25 years in federal prison.

Sources

This case is compiled from public reporting and official records, not a report from a victim. Verify any detail against the original sources below.

Timeline

Every change to this case — when it was opened, and each update since — as its own entry.

Case opened
September 20, 2026 at 2:53 AM
Added by Oyiwa staff as a well-documented, publicly known case — not submitted by a victim through the platform. See sources on this case for verification.
Case ID
OY-2026-000008

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