Democracy Dies in Darkness

Sam Bankman-Fried is under house arrest at Stanford. Students are obsessed.

The university’s new landmark is famous for all the wrong reasons

Updated March 4, 2023 at 12:41 p.m. EST|Published March 4, 2023 at 7:00 a.m. EST
A collage of Stanford University buildings and Sam Bankman-Fried
(Illustration by The Washington Post; Michael M. Santiago/Getty Images; iStock)
9 min

STANFORD, Calif. — A Stanford freshman stopped by Sam Bankman-Fried’s house for the first time on a Friday night in January. He spotted something he wanted: a large sign secured to a metal blockade proclaiming: “PATH CLOSED.”

Bankman-Fried, the disgraced founder of the bankrupt cryptocurrency exchange FTX, has been under house arrest at his parents’ home on the Stanford University campus since December, making the elite university the unlikely host to one of America’s most notorious alleged white-collar criminals. Surrounded by student co-ops, fraternity houses and other faculty homes, he’s the talk of the neighborhood.