2023-10-13 02:38 |
Sam Bankman-Fried's trial enters into its seventh day, with witnesses testifying Alameda and FTX's mishaps led to an industry-wide cascading effect.
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Defense attorney Mark Cohen cross-examined former Alameda Research CEO Caroline Ellison after the witness said Sam Bankman-Fried cajoled her into making misleading social media statements and ordered loan repayments funded with stolen customer crypto.
2023-10-13 02:49 | |
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Sam Bankman-Fried’s former business associate Caroline Ellison appeared today for her third day of testimony in the former FTX CEO’s criminal trial. With prosecutors having wrapped their questioning of Ellison, Bankman-Fried’s counsel, Mark Cohen, began his cross-examination today.
2023-10-13 20:40 | |
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On day 6 of Sam Bankman-Fried's trial, Caroline Ellison revealed how the defendant forged several balance sheets to defraud lenders and bribed Chinese officials.
2023-10-12 02:13 | |
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Caroline Ellison, on day six of United States v Bankman-Fried, testified that FTX’s founder continued to lie to the public while liquidity and assets dried up behind the scenes.
2023-10-12 00:52 | |
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The former FTX CEO faces seven counts of conspiracy and fraud. A New York court will decide his fate.
2023-10-12 20:39 | |
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Testimony from the former Alameda Research CEO continued on the sixth day of Sam Bankman-Fried’s criminal trial, delving into potential investments prior to FTX’s bankruptcy.
2023-10-12 19:47 | |
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Former Alameda Research CEO Caroline Ellison retook the stand on Wednesday after testifying that her former boss and boyfriend, Sam Bankman-Fried, had directed many of FTX’s now-public missteps.
2023-10-12 16:42 | |
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Week 2 of Sam Bankman-Fried’s trial in New York continued after premiere witness accounts from SBF’s inner circle as federal prosecutors pointed the jury to alleged fraudulent schemes masterminded by the FTX founder himself.
2023-10-11 01:53 | |
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Bankman-Fried's girlfriend and Alameda's ex-CEO took the stand on the second week of the trial, revealing that SBF used customer funds for political lobbying.
2023-10-11 00:58 | |
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On the final day of his testimony, FTX co-founder Wang discussed talking to the feds and his interpretation of the “FTX is fine” tweet.
2023-10-11 22:30 | |
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FTX co-founder and former Chief Technology Officer Gary Wang began testifying in earnest last Friday in Sam Bankman-Fried’s trial. Later on Tuesday, Caroline Ellison is expected to take the stand.
2023-10-11 13:00 | |
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Kumanan Ramanathan who worked for a legal firm consulting for Sam Bankman-Fried’s crypto exchange was able to safeguard up to $500 million of customer funds on the day hackers attacked FTX.
2023-10-9 20:18 | |
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Gary Wang, the enigmatic co-founder and chief technology officer of the defunct cryptocurrency exchange FTX, provided an incriminating testimony during the ongoing criminal trial of Sam Bankman-Fried, marking the trial’s third day.
2023-10-9 15:00 | |
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Caroline Ellison, along with former FTX CTO Gary Wang, pleaded guilty in December. Since then, they have been working with the U.S. attorney’s office in Manhattan.
2023-10-7 18:50 | |
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On day four of the criminal trial of former FTX CEO Sam Bankman-Fried, Gary Wang, who co-founded the now-bankrupt crypto exchange and served as its former chief technology officer (CTO), testified. During his testimony, the former FTX executive revealed details about the connection between the cryptocurrency exchange and Alameda Research.
2023-10-8 18:00 | |
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Gary Wang, co-founder and former chief technology officer (CTO) of the now-bankrupt FTX exchange, again took the stand on day four of former CEO Sam Bankman-Fried’s criminal trial. The former FTX executive disclosed the relationship between the cryptocurrency exchange and Alameda Research.
2023-10-7 14:30 | |
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The Sam Bankman-Fried (SBF) trial continued on October 6 (Day 4), with FTX Co-founder and SBF’s associate Gary Wang taking the stand once more in continuation of the proceedings from the previous day.
2023-10-7 12:00 | |
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Gary Wang told prosecutors that Alameda Research withdrew more value from FTX than the exchange made from fees, owing $20 billion once, while Judge Kaplan reprimanded defense attorneys for repetitive questioning on SBF's trial day 4.
2023-10-7 00:21 | |
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The former FTX CEO faces seven counts of conspiracy and fraud. A New York court will decide his fate.
2023-10-7 22:19 | |
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FTX founder Sam Bankman-Fried's trial for financial crimes and fraud at FTX is underway, with key associates testifying against him. Meanwhile, US debt rose by $275 billion in a day and speculation over Satoshi Nakamoto's return emerged.
2023-10-7 19:50 | |
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The third day of the trial against Sam Bankman-Fried (SBF) unveiled deeper insights into the company’s financial operations and its founder’s personal habits. In the morning session, testimony from Adam Yedidia, a college acquaintance of Bankman-Fried and a former Alameda and FTX staff member, provided a glimpse into the backend operations of FTX.
2023-10-6 04:07 | |
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The former FTX CEO faces seven counts of conspiracy and fraud. A New York court will decide his fate.
2023-10-6 00:56 | |
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Sam Bankman-Fried’s trial has entered its third day, as the FTX founder is facing seven different charges of wire fraud and money laundering. After jury selection ended on day 2, both sides geared up with key witnesses to present their case.
2023-10-6 23:25 | |
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A Parisian cocoa trader told Sam Bankman-Fried’s trial jury that pricey ads and FTX’s confident CEO helped convince him the crypto exchange was a safe place to deposit over $100,000 so he could trade cryptocurrencies – but he never expected that anyone but him would touch his funds, kicking off testimony just hours after the jury was selected and sworn in.
2023-10-5 13:00 | |
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The defense argued that SBF acted "in good faith" and made business decisions at FTX that “didn’t work out.” The defense also denied any fraud or theft on part of SBF. The second day oThe post DoJ takes a tough stance against SBF as trial begins appeared first on AMBCrypto.
2023-10-5 12:30 | |
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Federal prosecutors and defense attorneys shared opening statements on day 2 of SBF's criminal trial in lower Manhattan, New York
2023-10-5 12:22 | |
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On the second day of the trial involving FTX co-founder Sam Bankman-Fried, Ryan Salame, a prominent FTX executive who played a crucial role in the exchange’s political fundraising operations, appeared at the federal courthouse.
2023-10-5 04:00 | |
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The former FTX CEO faces seven counts of conspiracy and fraud. A New York court will decide his fate.
2023-10-5 01:17 | |
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FTX founder Sam Bankman-Fried’s criminal trial for fraud resumed at 10 a.m. Eastern as Federal Judge Lewis A. Kaplan moved to conclude jury selection and hear opening statements from attorneys on both sides.
2023-10-5 23:10 | |
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Jury selection for the criminal trial of former FTX CEO Sam Bankman-Fried was completed on the morning of Oct. 4 with opening arguments set for later in the day. New York independent news outlet Inner City Press reported from inside the courtroom that 12 jurors and six alternates had been agreed upon, on the second […] The post SBF Trial: Jury selection concludes despite impartiality challenges, with one potential juror having already ‘reached verdict’ appeared first on CryptoSlate.
2023-10-5 19:25 | |
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The trial of the former CEO of the defunct crypto exchange FTX, Sam Bankman-Fried (SBF), began yesterday with the jury selection taking place. In line with this, the court proceedings began with the voir dire process, with certain revelations made on the first day in court. How Day 1 Of SBF’s Trial Went In a […]
2023-10-4 12:02 | |
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The tides finally changed after Gary Wang and Nishad Singh (both FTX directors who have since pled guilty to fraud in the ongoing trial) joined the firm.
2023-10-4 11:21 | |
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The former FTX CEO faces seven counts of conspiracy and fraud. A New York court will decide his fate.
2023-10-4 00:51 | |
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Follow us for updates of Sam Bankman-Fried's historic trial, as the former FTX CEO is set to be tried on seven different charges of wire fraud and money laundering.
2023-10-4 00:50 | |
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“Big Short” author Michael Lewis’ book on the former FTX CEO is scheduled to be released on Oct. 3, the day SBF’s criminal trial in New York begins.
2023-9-9 18:40 | |
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Creditors are lamenting the rapid drain of cash from the global exchange’s bankruptcy as the process stretches over more months.
2023-8-24 23:19 | |
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Key Takeaways Last week saw crypto suffered its worst 24 hours since FTX as over one billion dollars in derivatives were liquidated on Thursday Derivative volume outstrips the extremely low spot volume, with cascading liquidations having the potential to exacerbate price moves Volatility was sparked by sell-off in the bond market Developments re-affirm how vulnerable […] The post Over a billion dollars liquidated in crypto’s worst day since FTX appeared first on CoinJournal.
2023-8-22 17:29 | |
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Bitcoin liquidations have been ramping up over the last day following the market crash that rocked the crypto space on Thursday. The result of this is a liquidation event, the likes of which have not been seen since the FTX collapse back in 2022.
2023-8-18 14:10 | |
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Key Takeaways Bitcoin’s correlation with gold is currently at its lowest level since FTX collapsed in November Our Head of Research writes that while one day Bitcoin may become a store of value, the numbers say it currently trades like an extreme risk-on asset Bitcoin lost 76% of its value amid the pullback in risk […] The post Bitcoin correlation with gold drops, highlighting risk-on nature remains appeared first on CoinJournal.
2023-6-29 17:30 | |
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Quick Take Bitcoin outflows on June 7 from Binance seem rather small compared to previous capitulations. Roughly 12,000 Bitcoin have left Binance on June 7. In the past year, especially during the FTX collapse, Binance saw 40,000 Bitcoin level the exchange in one day.
2023-6-8 20:23 | |
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FTT Token, the native coin of the failed crypto exchange FTX, is experiencing a slide in today’s trading session. While it started the trading day negatively, it showed no recovery and further declined in price, recording up to an 8% loss and finding a spot in the top 3 losers in the sector.
2023-4-21 00:00 | |
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The fallout from the FTX exchange collapse rattled the cryptocurrency industry, but the contagion lingers. Tron (TRX) is a coin under pressure lately, with an 8% drop in one day as investors feared the outlook for its stablecoin.
2023-4-16 21:33 | |
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FTX Token (FTT) is currently one of the top gainers in the crypto market in the last day as the coin rose over 100%. This sudden growth was triggered by an announcement that said the bankrupt FTX exchange could possibly reopen for business soon.
2023-4-13 14:05 | |
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In the last few hours, the Bitcoin price has experienced the most violent crash since the collapse of FTX. The BTC price crashed by $1,300 within an hour and briefly fell below $22,000. Remarkably, the price drop occurred with the start of the trading day in Hong Kong.
2023-3-3 10:45 | |
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FTX executive Nishad Singh was charged by two United States regulators on February 28, adding further allegations to the list of federal charges that he received earlier in the day. The post FTX executive Nishad Singh faces parallel charges from SEC, CFTC appeared first on CryptoSlate.
2023-3-2 00:38 | |
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The more than 151 staff assigned to the case worked a combined 6,500 hours in November looking at legal disputes, hacks, and corporate governance.
2023-2-8 13:34 | |
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FTX and authorities handling its bankruptcy case have extended the bid deadline day for auctioning the embattled exchange’s Japanese and European businesses to Mar. 8, 2023.
2023-2-3 22:39 | |
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FTX’s FTT token was up 8% for the day. Equities closed up.
2023-1-24 01:29 | |
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ACH/USD jumped 50% in one trading day A falling wedge pattern supports the bullish case The risk of a false breakout remains The cryptocurrency market suffered from the FTX scandal as investors fled away in light of yet another scam in the industry.
2023-1-17 17:07 | |
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FTX debtors secured approximately $14. 5 million in November through small claim settlements, primarily from political donations, according to a Dec. 10 court filing. The recovered funds included $6 million from the House Majority PAC and $3 million from the Senate Majority PAC.
FTX has nearly finalized preparations for its court-approved repayment plan two years after the crypto exchange crashed due to bad corporate practices and fraud.
Gary Wang, the last of FTX’s executives to be sentenced, will serve no prison time after aiding prosecutors in decyphering Sam Bankman-Fried’s fraudulent empire.
FTX co-founder Gary Wang, convicted of misusing funds at a fictitious crypto exchange, may face punishment after his case goes to trial. On Nov. 13, prosecutors in the U.S. District Court for the Southern District of New York filed a…
Apple Studios and A24 are working on a movie about former FTX CEO Sam Bankman-Fried, adapted from the best-selling Michael Lewis book ‘Going Infinite: The Rise and Fall of a New Tycoon.’ According to a Variety report, Apple Studios and…
In 2019, Binance acquired a 20% stake in collapsed FTX in a deal with Sam Bankman-Fried In 2021, Binance and FTX agreed to a deal that saw FTX buying back the stake, amounting to $1.76bn in FTT, BNB, and BUSD The transfer was done by Alameda Research, which was insolvent at the time and couldn’t […] The post FTX sues Binance, former CEO CZ for alleged fraudulent $1.76b transfer appeared first on CoinJournal.
Former Alameda co-CEO Sam Trabucco will forfeit real estate and luxury assets to the FTX, according to a proposed settlement filed in court.