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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...
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