2023-10-11 16:30 |
It’s been less than a week since the federal government’s trial against FTX’s Sam Bankman-Fried began, but we’ve already heard from an FTX co-founder, a former developer, a customer and an investor. origin »
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More revelations have come to light since the trial of the former CEO of the defunct crypto exchange FTX, Sam Bankman-Fried (SBF), commenced last week. Part of these secrets include the alleged illegalities that went on in FTX and its sister company, Alameda Research.
2023-10-9 16:00 | |
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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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Prosecutors have called for excluding details concerning Anthropic’s recent fundraising activities in the ongoing trial of FTX founder Sam Bankman-Fried. The DOJ and the defense have agreed on several issues that may be raised during witness testimony. However, they remain…
2023-10-9 11:28 | |
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This week, FTX founder Sam Bankman-Fried's trial began; the crypto sector witnesses more layoffs; a Hamas-led attack stuns Israel; Ripple vs. U.S. SEC continues.
2023-10-8 22:25 | |
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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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Former FTX CTO reveals special privileges for Alameda, exposes SBF's misleading FTX claims amid $8B shortfall trial. The post Sam Bankman-Fried (SBF) Trial: Gary Wang Details Alameda Special Privileges appeared first on BeInCrypto.
2023-10-8 13:42 | |
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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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As the curtains lifted on the highly anticipated trial of disgraced FTX founder Sam Bankman-Fried (SBF), the week unfolded with a series of damaging claims and a visibly charged atmosphere inside the courtroom.
2023-10-7 03:49 | |
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The trial of former FTX CEO Sam Bankman-Fried started on Oct. 3. Four witnesses explained to jurors how $8 billion in customer funds went missing.
2023-10-7 03:08 | |
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Gary Wang, co-founder and former CTO of FTX, appeared as a witness for the prosecution in the criminal trial of his fellow co-founder Sam Bankman-Fried on Oct. 6. One fact that emerged during testimony concerns a December 2022 plea deal in which Wang pleaded guilty.
2023-10-7 00:30 | |
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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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Gary Wang, a former top lieutenant in Bankman-Fried’s empire, testified that Alameda had “special privileges” at FTX that allowed the hedge fund to spend $8 billion of exchange customers’ money.
2023-10-7 18:26 | |
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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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According to FTX's former chief technology officer, Sam Bankman-Fried committed crimes with himself, Nishad Singh and Caroline Ellison.
2023-10-6 23:39 | |
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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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As the trial of Sam Bankman-Fried, the founder of the now-defunct crypto exchange FTX, got underway, the testimony of witnesses shed light on a report by The Wall Street Journal. The report revealed that the company’s employees had uncovered a secret link between the exchange and an affiliated trading firm, raising concerns about potential fraudulent […]
2023-10-6 23:00 | |
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Adam Yedidia, a former developer at FTX, testified regarding his knowledge of the crypto exchange’s use of funds, claiming “Alameda had used customer deposits to pay its loans.”
2023-10-6 18:57 | |
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A retired banker, a pediatric nurse, and a special education teacher are among the jurors in FTX co-founder SBF's multibillion-dollar fraud trial
2023-10-5 13:20 | |
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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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London-based cocoa broker Marc-Antoine Julliard responded to questions from prosecutors on crypto he held on FTX in November 2022.
2023-10-5 22:59 | |
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“His girlfriend will tell you how they stole money together,” said Assistant U.S. Attorney Thane Rehn in an opening statement about the former FTX CEO, according to reports.
2023-10-5 20:42 | |
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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 prosecution has charged FTX's SBF for the misappropriation of customer assets. The action doesn’t become legal due to the lack of crypto regulation, the DoJ claimed. The trial againstThe post Why SBF cannot fall back on U.
2023-10-4 15:30 | |
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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 trial of Sam Bankman-Fried, the founder and former CEO of collapsed cryptocurrency exchange FTX, kicked off on Tuesday in the US. It’s the biggest and highest-profile crypto case, with prosecution coming nearly a year since the FTX implosion that sent shockwaves across crypto and the broader financial markets space.
2023-10-5 11:56 | |
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Memos between former FTX CEO Sam Bankman-Fried and his ex-lover Caroline Ellison have been revealed as his trial begins. Ellison, who has pleaded guilty to related fraud charges, may testify against him.
2023-10-4 11:30 | |
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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 FTX founder’s fraud trial began selecting a jury Tuesday as lawyers spar about what evidence its members can see.
2023-10-4 10:36 | |
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In a highly anticipated trial set to begin today, FTX founder Sam Bankman-Fried (SBF) faces a new legal challenge as his attorneys seek to limit the prosecution’s use of a Ukrainian witness in criminal proceedings.
2023-10-4 05:00 | |
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The former FTX CEO faces seven counts of conspiracy and fraud. A New York court will decide his fate.
2023-10-4 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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SBF has directors and officers coverage through FTX Trading parent Paper Bird, but now that two companies have paid out $10 million, the third in line is balking, the suit claims.
2023-10-4 21:15 | |
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Sam Bankman-Fried’s legal team has requested the court block certain witnesses offering testimony on how they thought FTX would protect their assets.
2023-10-4 19:15 | |
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Jury selection has begun for the trial of FTX founder Sam Bankman-Fried, who faces charges including wire fraud, money laundering, and securities fraud. The post Jury Selection Gets Underway in FTX Founder’s Trial appeared first on BeInCrypto.
2023-10-3 19:05 | |
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With the much-anticipated trial of Sam Bankman-Fried, founder and former CEO of FTX, set to commence today, here are all the key facts you need to know.
2023-10-4 17:03 | |
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We may not know for weeks whether Sam Bankman-Fried will take the stand at his own trial. He may want the chance to explain himself to the jury, but his lawyers are surely wary of the withering cross-examination such a tactic would invite.
2023-10-3 13:00 | |
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Lawyers are still quibbling over what evidence can be brought to the FTX founder’s fraud trial, hours before jury selection is due to start.
2023-10-3 12:28 | |
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Lawyers representing Sam Bankman-Fried have rejected a request from prosecutors to let a Ukrainian client of FTX testify via video link in a trial set to commence today, on Oct. 3.
2023-10-4 12:22 | |
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Former SEC chief of Office of Internet Enforcement John Reed Stark believes a federal court could ultimately convict the FTX founder of several criminal charges, including fraud, due to three factors.
2023-10-3 10:34 | |
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A U.S. court approved FTX’s bankruptcy plan on Monday, which will see the majority of the crypto exchange’s customers get the equivalent of their 2022 losses, and then some.
Caroline Ellison, flanked by her attorneys, was sentenced to two years in prison and three years of supervised release for her role in propping up FTX and Alameda Research last week.
International accounting firm Prager Metis has agreed to pay $745,000 to settle misconduct allegations from the U.S. Securities and Exchange Commission (SEC) tied to its bungled audit of FTX before its collapse in November 2022.
The FTX founder is six months into a 25-year prison sentence.
A federal judge on Thursday told former FTX executive Ryan Salame that he could be hit with sanctions after Salame lied to the judge about prosecutors not making promises to him as part of his plea deal last year, CNBC reported.
Thoma Bravo's exit from crypto underscores the lasting impact of high-profile failures on investor confidence and market stability. The post Thoma Bravo founder says firm permanently exits crypto post-FTX fiasco appeared first on Crypto Briefing.
FRA is set to monitor Binance for compliance with a DOJ plea deal, following Binance's admission of regulatory violations. The post DOJ rejects Sullivan & Cromwell, picks FRA for Binance’s monitorship appeared first on Crypto Briefing.