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Sam Bankman-Fried goes on trial: A week in review
7.10.2023
The trial of former FTX CEO Sam Bankman-Fried started on October 3. Four witnesses explained to jurors how $8 billion in funds from customers went missing
Bankman-Fried’s House of Cards? FTX Co-Founder Gary Wang Spills the Beans on Alleged Misuse of Client Funds
7.10.2023
On Friday, FTX’s co-founder, Gary Wang, delivered a riveting testimony to federal prosecutors, alleging that CEO Sam Bankman-Fried covertly diverted billions from customer accounts to fuel trades for his hedge fund, Alameda Research. Wang detailed how Bankman-Fried allegedly instructed him...
Billion with a B: FTX Co-founder Gary Wang Reveals the Extent of The Alleged Fraud
7.10.2023
The trial of former crypto golden boy Samuel Bankman-Fried continued Friday, October 6th in Manhattan Federal Court with FTX co-founder Gary Wang continuing his long-awaited testimony.
In it, Wang claimed Alameda Research was given “special privileges,” including a line of credit on FTX’s crypto...
What Happened During Sam Bankman-Fried's First Week in Court?
6.10.2023
3 reasons why Solana (SOL) price is up this week
6.10.2023
Solana price staged a double-digit recovery since September and a portion of the move was caused by improving fundamentals
Sam Bankman-Fried ordered 'special privileges' for Alameda account on FTX — Gary Wang
6.10.2023
FTX’s former chief technology officer reportedly claimed in court that then CEO Sam Bankman-Fried authorized Alameda Research's account to trade more funds than it had available
Thorswap Halts Operations Amidst FTX Hacker’s Fund Movement; RUNE Drops 8.6%
6.10.2023
The decentralized exchange (dex) Thorswap has paused operations after a series of funds stemming from the FTX hacker was sent to the dex protocol. Thorswap took to social media and said that the team “stands firmly against any and all criminal actions.” Thorswap Pauses Amidst FTX Hack...
Sam Bankman-Fried Ordered ‘Special Privileges’ for Alameda, FTX Co-Founder Gary Wang Testifies
6.10.2023
“Sam told me to make sure Alameda’s accounts would never get liquidated on FTX,” Wang said
FTX Co-Founder Testifies: Sam Bankman-Fried Allowed Unlimited Fund Withdrawals
6.10.2023
FTX co-founder Gary Wang has testified in court, admitting that he and former FTX boss Sam Bankman-Fried committed wire fraud.
Wang revealed to the jury that he and Bankman-Fried engaged in financial crimes and deceitful practices that ultimately led to the collapse of the cryptocurrency trading...
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...
THORSwap Pauses Platform After Series of FTX Hack-Linked Trades
6.10.2023
A THORSwap developer said the team “stands firmly against any and all criminal actions” in a message to CoinDesk
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
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"