What does SBF stand for in Cryptocurrency Slang?

Sam Bankman-Fried

When you hear the term ‘SBF’ being thrown around by the crypto community, it’s often in reference to a big name in the industry, Samuel Bankman-Fried. He’s the guy behind the creation and successful operation of FTX, which is among the top cryptocurrency exchanges today.

But Samuel Bankman-Fried, or SBF as he’s fondly called by crypto enthusiasts, isn’t just known for his contributions to the world of digital currency. He’s also widely recognized for his philanthropy. It’s a well-known fact that his company, FTX, donates a good chunk of its yearly profits – one percent to be exact – to various charitable causes.

Samuel Bankman-Fried himself has made a public commitment to donate the majority of his personal wealth to charity. At present, his net worth stands at an astounding $17.1 billion and he plans to give most of it away over his lifetime. It’s no wonder the term SBF holds such high regard in the crypto world, not just for Samuel Bankman-Fried’s professional accomplishments, but also for his generous spirit.

Example for using ‘SBF’ in a conversation

Hey, have you heard of SBF?

Yeah, it stands for Sam Bankman-Fried, the CEO of FTX.