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Bankman-Fried’s House of Cards? FTX Co-Founder Gary Wang Spills the Beans on Alleged Misuse of Client Funds
7.10.2023
On Friday, FTX’s co-founder, Gary Wang, delivered a riveting testimony to federal prosecutors, alleging that CEO Sam Bankman-Fried covertly diverted billions from customer accounts to fuel trades for his hedge fund, Alameda Research. Wang detailed how Bankman-Fried allegedly instructed him...
What Happened During Sam Bankman-Fried's First Week in Court?
6.10.2023
Betting on Justice? Polymarket Odds Reveal Speculators’ Take on Bankman-Fried’s Trial
6.10.2023
As the trial for Sam Bankman-Fried begins this week, the cryptocurrency community is eagerly awaiting the verdict. Will Bankman-Fried be found guilty or not guilty? As the trial progresses, speculators are using the cryptocurrency prediction platform Polymarket to bet on the potential outcome....
Sam Bankman-Fried ordered 'special privileges' for Alameda account on FTX — Gary Wang
6.10.2023
FTX’s former chief technology officer reportedly claimed in court that then CEO Sam Bankman-Fried authorized Alameda Research's account to trade more funds than it had available
Sam Bankman-Fried Ordered ‘Special Privileges’ for Alameda, FTX Co-Founder Gary Wang Testifies
6.10.2023
“Sam told me to make sure Alameda’s accounts would never get liquidated on FTX,” Wang said
Sam Bankman-Fried's Lawyers Test the Judge's Patience
6.10.2023
It could take six weeks for prosecutors to make their case against Sam Bankman-Fried. But only three days were needed for the judge overseeing his trial to lose patience with the former crypto chief’s defense team
FTX Co-Founder Testifies: Sam Bankman-Fried Allowed Unlimited Fund Withdrawals
6.10.2023
FTX co-founder Gary Wang has testified in court, admitting that he and former FTX boss Sam Bankman-Fried committed wire fraud.
Wang revealed to the jury that he and Bankman-Fried engaged in financial crimes and deceitful practices that ultimately led to the collapse of the cryptocurrency trading...
No Longer Bulletproof: Former FTX Employee Gives Damning Testimony against Sam Bankman-Fried
6.10.2023
Sam Bankman-Fried's response to a trusted colleague about its burgeoning debt pile was, allegedly, "we're not bulletproof this year," in the latest revelations from the FTX court case.
Adam Yedidia, a former software developer for FTX and prior roommate of the disgraced “King of Crypto,” gave...
THORSwap Pauses Platform After Series of FTX Hack-Linked Trades
6.10.2023
A THORSwap developer said the team “stands firmly against any and all criminal actions” in a message to CoinDesk
Billionaire on Paper: FTX CTO Gary Wang Reveals Alameda’s Privileges Amidst Exchange Scandal
6.10.2023
Former FTX chief technology officer Gary Wang took the stand on Thursday in the trial of FTX founder Sam Bankman-Fried. Wang admitted to committing financial crimes with Bankman-Fried, former Alameda CEO Caroline Ellison, and former FTX engineering executive Nishad Singh. From High School...
SBF was ‘very resistant’ to investors on FTX board: Paradigm co-founder
6.10.2023
Matt Huang said he was led to believe that Alameda Research was not being provided any special treatment by FTX
Tales From the FTX Bean Bag: Witness Reveals Bankman-Fried’s Financial Missteps and Personal Entanglements
6.10.2023
During the Sam Bankman-Fried trial this week, Adam Yedidia, a close friend and former employee of the ex-FTX chief, delivered his testimony. Yedidia had a brief stint as an intern at Alameda Research, a quantitative trading firm linked to FTX, before he transitioned to FTX’s Hong Kong office...
FTX deposits went to account controlled by Alameda for months, Yedidia testifies
5.10.2023
Yedidia was involved in writing a buggy program to automate FTX customer deposits and withdrawals and was concerned by the size of the Alameda Research liability on the FTX books
Sam Bankman-Fried: the Liar?
5.10.2023
'We allowed Alameda to withdraw unlimited funds' — Gary Wang at SBF trial
5.10.2023
According to FTX's former chief technology officer, Sam Bankman-Fried committed crimes with himself, Nishad Singh and Caroline Ellison
Michael Lewis Was Charmed by Sam Bankman-Fried – But So Was Everyone Else
5.10.2023
Michael Lewis is getting slammed for a relatively sympathetic portrayal of SBF. The larger question is: Why did so many people fall under Sam’s spell?
Binance CEO CZ Turned Down $40 Million Deal with SBF for Futures Exchange
5.10.2023
Binance CEO Changpeng "CZ" Zhao turned down a $40 million offer from former FTX CEO Sam Bankman-Fried in March 2019 to create a cryptocurrency futures exchange.
At the time, Binance was primarily a spot crypto exchange, and the idea of a futures-only platform was a deviation from its existing...
SBF Trial Witness: Glitch at FTX Overstated Alameda's Debts by $8B
5.10.2023
College roommate talked to Sam Bankman-Fried about FTX's $8B hole on a paddle tennis court: Trial
5.10.2023
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"
DOJ Eyes Seizure of Ex-FTX Chief’s Two Luxury Jets in Ongoing Criminal Probe
5.10.2023
In the ongoing criminal case against Sam Bankman-Fried, federal prosecutors have unveiled a forfeiture bill, indicating the Department of Justice’s (DOJ) intent to commandeer two luxury jets belonging to the ex-FTX chief. Specifically, the DOJ has its sights set on a Bombardier Global 5000...