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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...

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...

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...

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...

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...

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

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

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...

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?

Suspicious Activity: FTX Hacker Moves 22,500 ETH Worth $37 Million – What's Going On?

3.10.2023
In a series of concerning transactions, the hacker or group of hackers believed to be behind last year’s infamous FTX hack has moved millions of dollars’ worth of stolen crypto. In the past few days, the so-called FTX hacker has transferred 22,500 Ether (ETH), equivalent to about $37 million...

As trial begins, Sam Bankman-Fried's lawyers push to exclude testimony from FTX users

3.10.2023
Sam Bankman-Fried's legal team has requested the court block certain witnesses offering testimony on how they thought FTX would protect their assets

Is Michael Lewis Throwing Out His Reputation to Defend Sam Bankman-Fried?

2.10.2023
The author’ latest book, “Going Infinite,” is an eyewitness account of the fall of FTX’s founder, who Lewis said is “misunderstood.”

Bankman-Fried Trial to Feature Customer, Investor, and Co-Conspirator Testimony

2.10.2023
In a letter to the judge published Saturday, prosecutors laid out plans to call customers, investors, and co-conspirators to testify in next week’s trial of Sam Bankman-Fried. The former CEO of cryptocurrency exchange FTX faces charges of fraud and conspiracy for allegedly misusing customer...