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Bankman-Fried’s Defense Targets $300M Loan Interrogations; Ex-CTO Gary Wang Spotlighted
10.10.2023
Attorneys defending ex-FTX chief Sam Bankman-Fried are keen to interrogate the former CTO of the now-dissolved exchange concerning personal loans ranging from $200-300 million, a fresh letter from Cohen & Gresser LLP reveals. Former CTO Gary Wang is set to return to the stand on Tuesday, with...
Caroline Ellison blames Sam Bankman-Fried for misuse of FTX user funds at trial
10.10.2023
Reports have suggested the former CEO of Alameda Research and SBF had largely been out of contact following the collapse of FTX in November 2022
LIVE: Caroline Ellison, Ex-Alameda CEO and SBF's Ex, Takes the Stand
10.10.2023
Caroline Ellison, the former CEO of crypto hedge fund Alameda Research, is the government's star witness in its prosecution of alleged crypto fraudster Sam Bankman-Fried
SBF's Lawyers Seek To Cross-Examine Gary Wang on Counsel’s Involvement in Alameda Loans
10.10.2023
In the ongoing multi-billion fraud trial of the bankrupt FTX exchange, Sam Bankman-Fried (SBF) has blamed lawyers' involvement in structuring the loans issued to FTX co-founder Gary Wang by Alameda Research.
As a result, SBF’s lawyers have requested Judge Lewis Kaplan to cross-examine Wang further...
Binance $1 Billion Industry Recovery Fund Post-FTX Underperforms
10.10.2023
Binance CEO Changpeng Zhao's plan to rescue the cryptocurrency market has fallen short of expectations eleven months after launch.
Since the launch of the Industry Recovery Initiative (IRI), the company has only spent less than $15 million out of an announced $1 billion fund, Bloomberg wrote. ...
Sam Bankman-Fried trial: former Alameda CEO Caroline Ellison to testify
10.10.2023
Sam Bankman-Fried's former love interest and CEO of Alameda Research Caroline Ellison is expected to testify against SBF in court with detailed information on the fraudulent use of customer funds
Key Points From the Sam Bankman-Fried Trial's First Week
10.10.2023
It’s been less than a week since the federal government’s trial against FTX’s Sam Bankman-Fried began, but we’ve already heard from an FTX co-founder, a former developer, a customer and an investor
FTX CEO Sam Bankman-Fried's Legal Battle Expands to Lawyers' Involvement
10.10.2023
As the trial of Sam Bankman-Fried enters its second week, his lawyers are seeking to question FTX co-founder Gary Wang about his reliance on legal advice regarding loans from Alameda Research.
In a legal filing made late Monday night, Bankman-Fried's defense team requested permission from...
Cardano’s Hoskinson Likens Sam Bankman-Fried to Bernie Madoff
10.10.2023
Cardano’s founder Charles Hoskinson has compared the embattled co-founder of FTX to infamous ponzi scheme boss, Bernie Madoff.
In a post on X (formerly Twitter), Hoskinson stated that Sam Bankman-Fried’s actions can be likened to Bernie Madoff but the former is now getting a free pass by...
Consultant's Heroic Act: How a Personal Wallet Saved $400 Million During the FTX Hack
10.10.2023
In a dramatic turn of events during the collapse of crypto exchange FTX last November, a heroic act by an adviser played a pivotal role in preventing what could have been one of the largest crypto heists in history.
According to a Wired report from Monday, Kumanan Ramanathan, an adviser to...
SBF seeks to probe FTX lawyers’ roles in $200M Alameda loans
10.10.2023
Sam Bankman-Fried’s legal team is seeking permission to cross-examine Gary Wang over FTX lawyers' involvement in Alameda loan approvals
Sam Bankman-Fried's Legal Battle: Lawyers May Already Be Eyeing an Appeal
10.10.2023
Daniel C. Silva, former assistant US attorney and shareholder at law firm Buchalter, believes that Sam Bankman-Fried's defense might be setting the stage for a potential appeal if the disgraced crypto boss is found guilty.
By focusing on minutiae, the defense could argue that they were deprived...
Binance tight-lipped on projects funded by $1B crypto recovery fund
10.10.2023
Binance-initiated IRI fund has only spent some 2.7% of the total of $1.1 billion committed to saving crypto in the aftermath of the FTX collapse, and has still not explained which entities benefited
Sam Bankman-Fried just like Bernie Madoff, Cardano founder says
10.10.2023
Charles Hoskinson likened SBF to Bernie Madoff the mastermind behind the largest Ponzi scheme in history, and says the media is giving him a 'free pass'
Bankman-Fried Seeks to Probe Lawyers’ Involvement in $200M ‘Sham’ Alameda Loans
10.10.2023
The defendant in a multi-billion fraud trial is pressing to blame legal advice, despite judicial reluctance to let him
FTX Could Have Lost Over $1B Due to Lax Security Practices: Report
10.10.2023
Attackers were able to steal nearly $400 million worth of various tokens after FTX was hacked in November 2022. But it could have been worse
FTX hacker could be using SBF trial as a smokescreen: CertiK
10.10.2023
The still-unidentified FTX hackers started ramping up their movement of stolen funds in recent weeks, potentially using media attention of the trial as a cover to hide the illicit activity
What to Expect When Caroline Ellison Takes Stand in Sam Bankman-Fried's Trial
9.10.2023
Prosecutors Seek to Exclude AI Startup Anthropic’s Valuation From Bankman-Fried Trial
9.10.2023
Amidst widespread media coverage highlighting Anthropic, the startup behind the generative artificial intelligence (AI) chatbot Claude and its pending multi-billion-dollar infusion, federal prosecutors overseeing the Sam Bankman-Fried case are pushing to sideline this subject during the trial....
Michael Lewis' new book puts a positive spin on Sam Bankman-Fried
9.10.2023
Michael Lewis painted an overwhelmingly positive picture of former FTX CEO Sam Bankman-Fried in his new book, "Going Infinite: The Rise and Fall of a New Tycoon."