FTX founder Sam Bankman-Fried’s trial day 7: Recap 

2023-10-13 02:38

Sam Bankman-Fried's trial enters into its seventh day, with witnesses testifying Alameda and FTX's mishaps led to an industry-wide cascading effect.

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Here’s How Sam Bankman-Fried Allegedly Used Customer Funds On Alameda Research

On day four of the criminal trial of former FTX CEO Sam Bankman-Fried, Gary Wang, who co-founded the now-bankrupt crypto exchange and served as its former chief technology officer (CTO), testified. During his testimony, the former FTX executive revealed details about the connection between the cryptocurrency exchange and Alameda Research.

2023-10-8 18:00


SBF Trial Day 3 – Former FTX CTO claims SBF granted Alameda Research ‘special privileges’ during witness testimony

The third day of the trial against Sam Bankman-Fried (SBF) unveiled deeper insights into the company’s financial operations and its founder’s personal habits. In the morning session, testimony from Adam Yedidia, a college acquaintance of Bankman-Fried and a former Alameda and FTX staff member, provided a glimpse into the backend operations of FTX.

2023-10-6 04:07


SBF Trial: Jury selection concludes despite impartiality challenges, with one potential juror having already ‘reached verdict’

Jury selection for the criminal trial of former FTX CEO Sam Bankman-Fried was completed on the morning of Oct. 4 with opening arguments set for later in the day. New York independent news outlet Inner City Press reported from inside the courtroom that 12 jurors and six alternates had been agreed upon, on the second […] The post SBF Trial: Jury selection concludes despite impartiality challenges, with one potential juror having already ‘reached verdict’ appeared first on CryptoSlate.

2023-10-5 19:25


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Over a billion dollars liquidated in crypto’s worst day since FTX

Key Takeaways Last week saw crypto suffered its worst 24 hours since FTX as over one billion dollars in derivatives were liquidated on Thursday Derivative volume outstrips the extremely low spot volume, with cascading liquidations having the potential to exacerbate price moves Volatility was sparked by sell-off in the bond market Developments re-affirm how vulnerable […] The post Over a billion dollars liquidated in crypto’s worst day since FTX appeared first on CoinJournal.

2023-8-22 17:29


Bitcoin correlation with gold drops, highlighting risk-on nature remains

Key Takeaways Bitcoin’s correlation with gold is currently at its lowest level since FTX collapsed in November Our Head of Research writes that while one day Bitcoin may become a store of value, the numbers say it currently trades like an extreme risk-on asset Bitcoin lost 76% of its value amid the pullback in risk […] The post Bitcoin correlation with gold drops, highlighting risk-on nature remains appeared first on CoinJournal.

2023-6-29 17:30