Recap of trial day 14
Former FTX CEO and Founder Bankman-Friend takes the stand today, blaming Caroline Ellison for poor management in Alameda and admitting to political donations from customer funds. As the historic trial …
ftx
FTX’s Bankman-Fried blames Alameda’s Ellison for absent hedging
FTX founder Sam Bankman-Fried testified before Judge Kaplan and a jury in a New York federal court claiming his team sometimes made decisions out of his purview and against his …
SBF Finally Testifies in Court With No Jurors Present
FTX founder Sam Bankman-Fried testified in his fraud trial Thursday with no jury present. In his testimony, he acknowledged that Alameda was being used as a payment processor for FTX, …
Binance CEO reportedly lost $12b amid regulatory problems
The fortune of the founder and head of the largest crypto exchange, Binance, Changpeng Zhao, decreased by $12 billion amid problems with the trading platform. The Bloomberg Billionaires Index cut …
FTX founder claims ignorance in mock testimony
United States v Sam Bankman-Fried continued its fourth week at trial with testimony from the FTX founder himself however, Judge Kaplan excused the jury until Oct. 27 to thrash out …
FTX probes $6.5m payments to Center for AI Safety
Bankrupt crypto exchange FTX seeks details about the millions of dollars it had earlier donated to the Center for AI Safety (CAIS). New details were revealed in an Oct. 25 …
Sam Bankman-Fried Ready to Testify in High-Profile Fraud Case – His Own
Sam Bankman-Fried (SBF), the former CEO of the now-defunct crypto exchange FTX, is set to take the stand in his ongoing fraud trial in Manhattan, marking a critical juncture in …
FTX cooperators unlikely to see jail time, says ex-prosecutor
Former Southern District of New York prosecutor Josh Naftali said Caroline Ellison, Gary Wang and Nishad Singh will probably skip time behind bars due to their cooperation with federal attorneys …
BlockFi to start settling debts with creditors after successful exit from bankruptcy
BlockFi has announced its emergence from bankruptcy and is initiating plans to repay creditors, marking a significant turnaround after last year’s challenging halt of withdrawals following the FTX exchange collapse. …
Sam Bankman-Fried Trial Moves to Final Stages After Latest Revelations
Sam Bankman-Fried trial is in its final stages, drawing significant attention. The prosecution’s case relies on about 20 testimonies, highlighting Bankman-Fried’s alleged deception and its impact on FTX and Alameda …