I recently encountered the term 'Sam coins' and I'm curious to learn more about it. Could someone please explain what Sam coins are and provide some background information on them?
            
            
            
            
            
            
           
          
          
            5 answers
            
            
  
    
    OpalSolitude
    Wed Nov 06 2024
   
  
    The tokens involved in this fraudulent activity were nicknamed Sam Coins.
  
  
 
            
            
  
    
    Riccardo
    Wed Nov 06 2024
   
  
    The nickname originated from their close association with Bankman-Fried.
  
  
 
            
            
  
    
    Sara
    Wed Nov 06 2024
   
  
    Bankman-Fried faced conviction for fraud due to his unauthorized transfer of customer assets.
  
  
 
            
            
  
    
    EnchantedSeeker
    Wed Nov 06 2024
   
  
    Bankruptcy officials emphasized the significant role these Sam Coins played in the fraudulent scheme.
  
  
 
            
            
  
    
    Maria
    Wed Nov 06 2024
   
  
    These funds were redirected to his personal hedge fund, which engaged in high-risk investments.