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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...
Close Associates of Sam Bankman-Fried to Take Stand Today in Ongoing Trial
5.10.2023
As the trial of the former CEO of collapsed crypto exchange FTX Sam Bankman-Fried enters its third day, the prosecution is expected to call two close associates of the defendant to the stand.
Bankman-Fried faces seven counts bordering on fraud and related conspiracy to commit fraud with...
Librarian and Retired Corrections Officer Included in Jury for Sam Bankman-Fried Case
5.10.2023
The jury selection process for the trial of Sam Bankman-Fried concluded on Wednesday morning, with a diverse group of individuals from various professional backgrounds chosen to serve.
Among the selected jurors are a former prosecutor, several Metro North commuter rail line workers, a librarian...
Solana Price Prediction as $500 Million Trading Volume Comes In Amid Sam Bankman-Fried Trial – Which Way Will SOL Go?
5.10.2023
The price of Solana (SOL) has dropped to $23.26 today, with the altcoin falling by 1% in 24 hours as the market as a whole barely moves.
SOL's dip also comes as Sam Bankman-Fried's fraud trial begins in New York, with the conviction of the former FTX CEO potentially having implications for...
Sam Bankman-Fried’s jets are subject to forfeiture, says prosecution
5.10.2023
The U.S. Department of Justice says the two jets purchased by Bankman-Fried via FTX are now property that is subject to forfeiture due to charges brought against SBF
Sam Bankman-Fried inner circle to testify today
5.10.2023
The trial of Sam Bankman-Fried reaches its third day in New York, with Adam Yedidia and Gary Wang to appear as witnesses
FTX Employees Knew About the Backdoor to Alameda Months Before Collapse: WSJ
5.10.2023
The employees flagged their discovery to one of FTX's director of engineering Nishad Singh but the problem never got fixed
Unpacking the First Day of Sam Bankman-Fried's Actual Trial
5.10.2023
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...
Sam Bankman-Fried’s Two Multimillion-Dollar Jets May Be Forfeit, DOJ Says
5.10.2023
The assets, whose ownership is in dispute, could be used to pay back creditors of Alameda Research and FTX
FTX exploiter moves $36.8M in Ether as Sam Bankman-Fried trial starts
5.10.2023
While the exploiter initially held 175,496 ETH ($294 million), the current balance in their portfolio has come down to $196.014 million after a series of transfers
Report: Tom Brady Received $55 Million for FTX Commercials Before Its Collapse
5.10.2023
According to a report, former National Football League quarterback Tom Brady was paid $55 million to feature in the collapse cryptocurrency exchange FTX’s advertisements. As part of the arrangement, Brady would devote 20 hours of his time each year for three years. Celebrities Paid to Promote...
12 people will decide the fate of former FTX CEO Sam Bankman-Fried
5.10.2023
45 prospective jurors were narrowed down to 12 after they were asked to discuss their background, employment, education, partners, children and their age
Sam Bankman-Fried Changed the Rules for FTX Employees When SRM Token Shot Up in Value – Here's What Happened
4.10.2023
Sam Bankman-Fried (SBF) was forced to change rules for FTX employees in 2021 when their crypto profits threatened to let them retire early.
As Michael Lewis wrote in his SBF-focused book “Going Infinite,” SBF used his exclusive power to lock up his employee’s Serum (SRM) holdings for seven years...