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First Mover Americas: Sam Bankman-Fried Guilty on All 7 Counts
3.11.2023
The latest price moves in bitcoin [BTC] and crypto markets in context for Nov. 3, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
XRP Price Prediction as XRP Jumps 10% to $0.60 Level – Here’s What’s Coming Next
3.11.2023
The XRP price has declined by 2% today, with the wider market suffering as a New York court finds FTX founder Sam Bankman-Fried guilty of fraud. Despite its drop, XRP has held to the $0.601658 level, marking a 10% gain in a week and a 15% jump in a fortnight. The coin has also risen […]
The...
Ethereum Price Prediction as ETH Hits Three-Month High: Time to Buy?
3.11.2023
The Ethereum price has dropped by 2% in the past 24 hours, falling to $1,792 as the cryptocurrency market as a whole drops by the same percentage. ETH’s fall comes as the market reacts to the news of Sam Bankman-Fried’s conviction for fraud, with the altcoin now flat in the past week....
'Unanimous Verdict, Your Honor': Sam Bankman-Fried's Conviction Was Inevitable
3.11.2023
Twelve jurors spent less than five hours deciding the facts. They asked for portions of transcripts from Paradigm's Matt Huang and Third Point's Robert Boroujerdi testimony, as well as highlighters and Post-it Notes, and when they didn't immediately receive the version of the indictment, they...
Sam Bankman-Fried is convicted of fraud and conspiracy
3.11.2023
Sam Bankman-Fried, the former Chief Executive of FTX, was arrested in December over charges of fraud and conspiracy for misleading his investors and lenders while directing funds to a different route. In October, the trial began and went on for 5 weeks. Twelve New Yorkers have delivered a unanimous...
FTX Claim Pricing Soars to New Heights Amid Skyrocketing AI Company Valuations
3.11.2023
The current claim pricing of FTX has seen a major surge, reaching a maximum of 55%, compared to as low as 6% in November last year. According to data provided by Claims Market, the bid and ask prices for FTX claims are currently quoted at 52% and 55%, respectively. In the context of a claims...
Caroline Ellison, Gary Wang, and Nishad Singh Might Not be Jailed, Bankman-Fried Faces Decades in Prison: Bloomberg
3.11.2023
Three former close friends and colleagues of FTX co-founder Sam Bankman-Fried have testified against him, potentially leading to minimal jail time for themselves. Caroline Ellison, CEO of Alameda Research, Gary Wang, co-founder of FTX, and Nishad Singh, FTX engineering chief, were key witnesses...
What’s next for the ‘crypto king’ Sam Bankman-Fried?
3.11.2023
The former FTX CEO is headed back to prison and awaits a potential second trial in March, while his lawyers pledged to “continue to vigorously fight the charges against him."
Sam Bankman-Fried Prosecutor Promises 'Handcuffs for All' Crypto Crooks
3.11.2023
Damian Williams, the U.S. attorney for the powerful Southern District of New York, set an ominous warning following the conviction of former crypto kingpin Bankman-Fried
Guilty on All Counts: Former FTX CEO Sam Bankman-Fried Faces Potential Century-Long Sentence
3.11.2023
Sam Bankman-Fried, the disgraced former CEO of FTX, has been convicted on all seven charges, including wire fraud, securities fraud, commodities fraud, and money laundering. The jury reached a verdict at around 7:45 p.m. (ET) on Thursday evening according to an account shared by Matthew Russell...
Breaking: Sam Bankman-Fried found guilty on all charges
3.11.2023
Sam Bankman-Fried’s criminal trial has concluded with a jury finding him guilty of all seven charges
Sam Bankman-Fried Guilty on All 7 Counts in FTX Fraud Trial
3.11.2023
A jury found Sam Bankman-Fried guilty on all charges in his criminal fraud trial tied to FTX's operation and collapse
As the Jury Deliberates in SBF Trial, what happens next?
3.11.2023
As the jury begins deliberations in the trial against Sam Bankman-Fried, questions remain over what impact the verdict will have on the crypto industry as a whole. Here’s what to expect going forward. The future of FTX John Jay Ray III, an attorney with a track record for recovering funds...
Prosecutor: FTX Boss Sam Bankman-Fried Stole Billions From Customers, Lied About It
2.11.2023
Federal prosecutor Nicolas Roos argued this week that Sam Bankman-Fried stole billions in customer funds from his cryptocurrency exchange FTX and lied repeatedly to cover it up, actions that make him guilty on all counts. The prosecutor’s closing argument paints a picture of Bankman-Fried...
Jury directions begin in Sam Bankman-Fried criminal trial
2.11.2023
Jury deliberations are to expected to begin shortly and may last until next Monday
Market Sees 59% Odds Sam Bankman-Fried Is Found Guilty on All Charges – But There's a Catch
2.11.2023
Traders on crypto-powered Polymarket have bet a grand total of $4,512 on the question, underscoring the current limitations of prediction markets
‘He lied to get customers’ trust’: Prosecution makes closing argument against SBF
2.11.2023
“He knew what he was doing was wrong; that’s why he never hired a risk officer,” U.S. Assistant Attorney Danielle Sassoon said
Sam Bankman-Fried Lambasted by Prosecutor Right Before Jurors Began Deciding His Fate: SBF Thought 'He Could Fool the World'
2.11.2023
A verdict in the SBF trial could come before the end of Thursday – on the first anniversary of the CoinDesk scoop that caused his empire to crumble
Sam Bankman-Fried’s Attorney Paints Picture of Mistakes, Not Crimes, in Closing Argument
2.11.2023
Sam Bankman-Fried’s lawyer Mark Cohen gave a final argument Wednesday, portraying the FTX founder as someone who “did his best” and made mistakes but did not commit crimes. Bankman-Fried’s Lawyer: ‘Mistakes Are Not a Crime’ Sam Bankman-Fried‘s attorney...
Sam Bankman-Fried Demonstrates Ineffective Altruism at Its Worst
2.11.2023