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Second week of SBF’s trial was a torrent of damning evidence, testimony for the former billionaire

The second week of Sam Bankman-Fried’s criminal trial has seen pivotal testimonies and intense courtroom drama. The prosecution came out swinging and presented multiple witnesses who were once members of SBF’s inner circle at FTX, including former Alameda Research CEO Caroline Ellison and former FTX CTO Gary Wang. дальше »

2023-10-14 03:55


Alameda Research’s $190 Million Loss Linked To Inadequate Security, Insider Reports

Amidst the ongoing legal proceedings, a fresh wave of testimonies has emerged against Sam Bankman-Fried (SBF) and his operations. In this particular instance, outside the courtroom, a former engineer at Alameda Research, the sister hedge fund of FTX, has come forward with revelations of substantial losses in trading funds totaling at least $190 million. Aditya […] дальше »

2023-10-13 22:30


How Alameda Research lost nearly $200M to security breaches

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. дальше »

2023-10-12 11:30


Judge Kaplan allows charitable contributions to be admitted while denying SBF’s other pre-trial requests

Judge Lewis Kaplan largely upheld his pretrial evidentiary rulings in the case against FTX founder Sam Bankman-Fried, according to an Oct. 11 court filing. Kaplan granted reconsideration on certain issues challenged by Bankman-Fried’s defense but maintained his decisions to preclude arguments about FTX’s lack of regulation and evidence related to the firm’s bankruptcy proceedings. дальше »

2023-10-12 09:36


Judge Kaplan allows charitable contributions to be admitted while denying other pre-trial requests

Judge Lewis Kaplan largely upheld his pretrial evidentiary rulings in the case against FTX founder Sam Bankman-Fried, according to an Oct. 11 court filing. Kaplan granted reconsideration on certain issues challenged by Bankman-Fried’s defense but maintained his decisions to preclude arguments about FTX’s lack of regulation and evidence related to the firm’s bankruptcy proceedings. дальше »

2023-10-12 09:36


Alameda Research Accused Of Bribing Chinese Officials To Recover $1 Billion In Exchange Accounts

During the trial of Sam Bankman-Fried, the founder of crypto exchange FTX, shocking revelations emerged from the testimony of former Alameda Research CEO Caroline Ellison.   According to a TechCrunch report, Ellison testified that the crypto trading firm paid Chinese officials to unlock their Alameda trading accounts on OKX and Huobi in China. дальше »

2023-10-12 04:00


Caroline Ellison alleges auto-deletion of messages, bribery of foreign officials, and more in second day of testimony

Ex-Alameda Research CEO Caroline Ellison took the stand in a second day of testimony in Sam Bankman-Fried criminal trial on Oct. 11. Ellison testified that she communicated with Bankman-Fried and other company members through Signal, a messaging app with an auto-delete feature that Bankman-Fried instructed employees to use. дальше »

2023-10-12 00:00


FTX fallen founder Sam Bankman-Fried wanted to shutdown Alameda before bankruptcy

Embattled FTX founder Sam Bankman-Fried (SBF) wanted to close down his other company, Alameda Research, according to an unpublished post revealed at his ongoing fraud trial. In the extensive post shared on X by a former Alameda employee, SBF described Alameda as one of his “largest successes–and then, briefly, largest failures–and then again successes. дальше »

2023-10-11 11:12


SBF looks to Anthropic investment as Judge denies cross examination of Gary Wang

In the ongoing criminal trial of Sam Bankman-Fried, attorneys for the FTX founder filed new letter motions related to the cross-examination of two key prosecution witnesses. In a letter Monday, Bankman-Fried’s lawyers asked Judge Lewis Kaplan for permission to question Gary Wang on the involvement of attorneys in structuring loans from Bankman-Fried’s trading firm Alameda […] The post SBF looks to Anthropic investment as Judge denies cross examination of Gary Wang appeared first on CryptoSlate. дальше »

2023-10-11 09:53