2023-11-1 00:20 |
Bankman-Fried completed his testimony Tuesday, concluding the presentation of evidence from both sides in the Justice Department's case against the FTX founder.
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Aditya Baradwaj, a former engineer at Alameda Research, has disclosed how lax security practices within the now-defunct company led to substantial losses nearing $200 million. Baradwaj revealed that Sam Bankman-Fried (SBF), the founder of both Alameda and FTX, prioritized rapid company expansion over crucial risk management protocols.
2023-10-12 11:30 | |
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Sam Bankman-Fried’s trial has entered its third day, as the FTX founder is facing seven different charges of wire fraud and money laundering. After jury selection ended on day 2, both sides geared up with key witnesses to present their case.
2023-10-6 23:25 | |
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The second day of Sam Bankman-Fried trial began with the continuation of the jury selection process, which was concluded within a few hours — allowing the trial to start in full with both the prosecution and the defense presenting their opening arguments.
2023-10-5 03:37 | |
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FTX founder Sam Bankman-Fried’s criminal trial for fraud resumed at 10 a.m. Eastern as Federal Judge Lewis A. Kaplan moved to conclude jury selection and hear opening statements from attorneys on both sides.
2023-10-5 23:10 | |
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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.
2023-10-4 11:21 | |
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Several of Bankman-Fried’s former colleagues and friends will testify against the one-time crypto mogul following plea deals they struck with the U. S. Department of Justice, including his former romantic partner Caroline Ellison and childhood friend Gary Wang, who were both deeply involved in the daily workings of both FTX and its quant-driven trading shop, Alameda Research.
2023-10-2 20:47 | |
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The parallels between Sam Bankman-Fried and Bernie Madoff are ample. On the bright side, both men highlighted the fact that Bitcoin maximalists are immune to Ponzi schemes.
2023-1-12 03:38 | |
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A curated weekly summary of forward-focused crypto news that matters. This week, Sam Bankman-Fried is set to face tough questioning from both the US Senate and Congress, the market awaits an announcement on interest rates, and FTX stakeholders contemplate a new debt token.
2022-12-25 14:01 | |
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Not much is known about Bankman-Fried’s close confidant – the co-founder of both FTX and Alameda Research.
2022-11-23 18:03 | |
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Authorities in both countries are reportedly in conversation about whether to bring the former FTX CEO back to the United States.
2022-11-17 15:43 | |
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Did this Coin Metrics analyst uncover the key to the whole Alameda/ FTX story? Because let’s face it, it doesn’t make sense. Both of Sam Bankman-Fried’s businesses were extremely profitable. FTX was the world’s third-biggest exchange and growing, why would anyone risk killing that golden goose? There must have been an underlying cause.
2022-11-9 10:24 | |
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It’s Sam Bankman-Fried’s moment. The FTX and Alameda Ventures golden boy put both of his companies in a winning position and seems to be carrying the spoils away. The recent Forbes piece about secretly insolvent exchanges puts it best, “Like J.
2022-6-29 06:44 | |
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Cryptocurrency exchange FTX now allows anyone to make their own non-fungible tokens (NFT). On Monday, the CEO Sam Bankman-Fried took to Twitter to share that the DIY NFT listing is available on both FTX for global users and FTX.
2021-9-6 17:11 | |
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