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Gary Gensler: Crypto Frauds Extend Beyond a Single Case
9.11.2023
Image Source: CNBC Gary Gensler, Chair of the Securities and Exchange Commission (SEC), has issued a warning about the prevalence of fraud in crypto, stating that there are multiple “notorious fraudsters” operating in the space. Gensler’s comments come on the heels of the criminal...
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...
Closing Arguments to Begin Tomorrow in SBF Trial
31.10.2023
The jury is set to deliberate shortly in the trial of FTX founder Sam Bankman-Fried, with closing arguments scheduled for first thing Wednesday morning. The defense rested its case mid-day Tuesday following weeks of testimony from former FTX executives, including former Alameda Research...
Bankman-Fried Takes the Stand With a Great Focus on Relying on Counsel and Legal Advice
26.10.2023
The former FTX CEO Sam Bankman-Fried testified Thursday without jurors present. Bankman-Fried was questioned by his attorney, Mark Cohen, before the judge. He described FTX senior staff using encrypted messaging, discussed obtaining Alameda’s bank account, and talked about business operations with...
Former FTX CEO Sam Bankman-Fried to Give Testimony in Court Today: What Will He Say?
26.10.2023
Sam Bankman-Fried , the disgraced founder of crypto exchange FTX, is set to testify in court today. During a teleconference on Wednesday, Bankman-Fried’s lawyer Mark Cohen confirmed that his client will take the stand on Thursday, according to a report by The Associated Press. It is expected...
Ex-FTX Chief’s Defense Team Challenges FBI Interviews, Raises Questions About Witness Credibility
26.10.2023
On Wednesday, the defense team for the former FTX CEO Sam Bankman-Fried issued a letter to the judge seeking to question two FBI agents who interviewed Gary Wang, former chief technology officer of FTX, and Nishad Singh, former director of engineering at FTX. Lawyers allege the witnesses provided...
Former FTX Boss Sam Bankman-Fried to Testify on Thursday in High-Stakes Trial
25.10.2023
Ex-FTX chief Sam Bankman-Fried is slated to make his case directly to the jury in his ongoing trial, as shared by his defense lawyer, Mark Cohen. Bankman-Fried’s decision to testify comes on the heels of several witnesses who have spoken against him in recent weeks. Facing Accusations:...
From Effective Altruism to Terms of Service — Pivotal Points in Bankman-Fried’s Court Battle
23.10.2023
Lawyers for former FTX CEO Sam Bankman-Fried have given proposed jury instructions to the court in advance of jury deliberations and his verdict. These instructions clarify the defense’s legal positions and emphasize their client’s right to be presumed innocent until proven guilty....
'Absolutely Not': FTX's Former General Counsel Says He Never Approved Loans of Customer Funds
19.10.2023
Can Sun testified on day 12 of the Sam Bankman-Fried trial
Former FTX engineering director faces up to 75 years in prison following guilty plea
16.10.2023
Nishad Singh's testimony was seemingly part of prosecutors' strategy to establish Sam Bankman-Fried had been behind Alameda Research using FTX user funds
LIVE: Former Top FTX Executive Nishad Singh Takes Stand in Case Against Sam Bankman-Fried
16.10.2023
Former FTX engineering head Nishad Singh, another member of the company's inner circle, took the stand early Monday to testify against his former boss and friend
Blockfi CEO Blames FTX and Alameda Collapse for Firm’s Bankruptcy
14.10.2023
Blockfi CEO Zac Prince testified Friday that the downfall of FTX contributed to his company’s bankruptcy. Prince appeared as a government witness in the fraud trial of former FTX boss Sam Bankman-Fried (SBF). Blockfi’s Prince: Loans Wouldn’t Be Approved Knowing Alameda Used...
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...
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...
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
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
DOJ Plans to Call Former FTX Customers and Investors as Witnesses in Sam Bankman-Fried's Trial
2.10.2023
The US Department of Justice (DOJ) is preparing to call former FTX customers, investors, and employees as witnesses in the upcoming trial against disgraced CEO Sam Bankman-Fried.
The move aims to shed light on the creditors’ and stakeholders’ expectations regarding FTX's handling of their assets...
Sam Bankman-Fried Can Grill Former FTX Insiders on Drug Use in Court
27.9.2023
While Bankman-Fried's lawyers tried again to get him out of jail just days ahead of his trial, the judge overseeing the case inched closer to resolving some outstanding issues
Former FTX Law Firm Denies Role in Collapse; Challenges Allegations as ‘Fatally Deficient’ in Court Motion
26.9.2023
San Francisco-based law firm Fenwick & West LLP is denying allegations from FTX founder Sam Bankman-Fried that the firm provided legal advice enabling the alleged fraud that led to the cryptocurrency exchange’s collapse. In a recent court filing, Fenwick & West asserts the allegations...
Former FTX Legal Chief Forms New Law Firm Focused on Crypto Regulation
14.9.2023
Ryne Miller, the former general counsel of the now-defunct crypto exchange FTX, has established his own law firm.
Miller Strategic Partners will specialize in offering regulatory and strategic advice to digital asset and blockchain firms, as well as crisis response management and regulatory...