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Crypto Tycoon SBF in the Dock: Jury Selection Extended; Hearing Reveals Financial Carnage
4.10.2023
Sam Bankman-Fried (SBF), the disgraced co-founder of the now insolvent cryptocurrency exchange FTX, concluded his first day of trial involving jury selection and voir dire questioning. The process extended into Wednesday as U.S. District Judge Lewis Kaplan eliminated several potential jurors...
Sam Bankman-Fried 'Lied,' DOJ Tells Jury; Defense Tries to Pin FTX Collapse on Caroline Ellison
4.10.2023
"He poured money — other people's money — into investments to make himself even richer," the prosecutor said in opening arguments
Opening arguments begin in Sam Bankman-Fried trial
4.10.2023
"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
DOJ Clamps Down on SBF’s Regulatory Loophole Defense Amid Ongoing Fraud Trial
4.10.2023
The Department of Justice (DOJ) has asked the judge in Sam Bankman-Fried’s (SBF) criminal case to restrict several planned defense arguments about financial regulations. Prosecutors said in a new court filing that SBF should not be allowed to claim he’s innocent because cryptocurrency...
Sam Bankman-Fried Shouldn’t Have Cut His Hair
4.10.2023
If your defense is “I didn’t know what was happening,” don’t dress like a competent person
Sam Bankman-Fried Now Has a Jury
4.10.2023
A federal judge has chosen the 12 people who will decide whether FTX founder Sam Bankman-Fried violated fraud and other laws in running his once-mighty crypto exchange
Sam Bankman-Fried Trial Jury Selection Extends to Second Day Amid Bias Concerns – What's Going On?
4.10.2023
The jury selection process in the criminal trial of FTX founder Sam Bankman-Fried is set to continue for a second day amid concerns of potential bias among prospective jurors.
Out of the initial pool of potential jurors, the list has now been narrowed down to 50 individuals, from which a final...
Binance CEO CZ rejected SBF's request for $40M for futures exchange: Going Infinite
4.10.2023
Michael Lewis's book 'Going Infinite' reveals that CZ and SBF had different goals when the first collaborative business opportunity arose in 2019
Juror Unfamiliarity of Cryptocurrency Poses Challenge in FTX Trial
4.10.2023
As the trial against Sam Bankman-Fried, the disgraced former CEO of bankrupt crypto exchange FTX, begins, the complexity of the world of crypto is emerging as a significant challenge for both the prosecution and the defense.
In the case, the prosecution faces the formidable task of simplifying...
No Jury Yet, but We're Getting There
4.10.2023
Sam Bankman-Fried had a grin on his face as he entered court on Tuesday morning – clad in a black suit and an uncharacteristically tame (read: closely trimmed) mop of hair. After nine long months, the disgraced crypto founder will finally have the chance to defend himself against a wide array...
Sam Bankman-Fried Lost Half a Million Dollars Everyday After Alameda Launched, Michael Lewis Claims
4.10.2023
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
Lack of U.S. Crypto Laws Irrelevant to Bankman-Fried Allegations, DOJ Says
4.10.2023
The FTX founder’s fraud trial began selecting a jury Tuesday as lawyers spar about what evidence its members can see
FTX's $500 Million Investment in OpenAI Rival Offers Hope for Creditors as Anthropic Eyes $2 Billion Funding from Google
4.10.2023
FTX's $500 million investment in Anthropic in 2022 could potentially become a game-changer for creditors after OpenAI rival revealed its intention to raise another $2 billion from Google and other firms.
According to The Information report, Anthropic is currently in discussions with various...
5 highlights of Sam Bankman-Fried's first day of trial
4.10.2023
Potential jurors shared their mostly negative interactions with crypto investing, while a slim-figured former FTX CEO sat flanked by attorneys, noticeably void of his signature curly locks
When SRM Shot Up in Value, Sam Bankman-Fried Changed the Rules for His Workers, Michael Lewis Says
4.10.2023
Michael Lewis’ “Going Infinite” outlines how the FTX CEO was worried his employees had gotten too rich because SRM’s price had gone up so much. So, he made it impossible for them to sell for longer
Latest update — Former FTX founder Sam Bankman-Fried trial [Day 1]
3.10.2023
The former FTX CEO faces seven counts of conspiracy and fraud. A New York court will decide his fate
Bankman-Fried’s Legal Team Cries Foul Over Ukrainian Customer Testimony
3.10.2023
Attorneys for Sam Bankman-Fried have written a letter to the judge, requesting the court block a government witness, a Ukrainian customer who “lost a substantial portion” of his life savings due to the FTX collapse. Bankman-Fried’s lawyers believe the witness’s testimony...
Crypto Is on Trial Alongside Sam Bankman-Fried
3.10.2023
Is crypto "uniquely" responsible for the rise and fall of FTX?
FTX execs who pleaded guilty among names of potential witnesses in Sam Bankman-Fried’s criminal case
3.10.2023
According to reports from the courthouse, Assistant U.S. Attorney Danielle Sassoon named Caroline Ellison, Gary Wang, and Nishad Singh among those who may offer testimony
TV's Kevin O’Leary: ‘All the Crypto Cowboys Are Going to Be Gone Soon’
3.10.2023
O’Leary, an entrepreneur and television personality, was paid $15 million by FTX for “20 service hours, 20 social posts, one virtual lunch and 50 autographs,” according to Michael Lewis’ new book "Going Infinite."