5 / 10 Relevant items tagged with #FtxCollapse

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FTX's Bankman-Fried Cannot Blame Lawyers in Opening Statement: Judge

[Oct 1, 2023 10:38 AM] Sam Bankman-Fried cannot blame FTX's lawyers for its collapse or operations in his opening statements, though he can still try and make a so-called "advice-of-counsel" defense later, the federal judge overseeing his case ruled Sunday.

FTX Customers, Investors Will Testify Against Sam Bankman-Fried, DOJ Says

[Sep 30, 2023 3:39 PM] The U.S. Department of Justice said it intends to call FTX customers, investors and cooperating witnesses to testify against Sam Bankman-Fried at trial next week, including a Ukrainian local who would have difficulty getting to the courthouse…

DOJ's Proposed Jury Questions 'Risks Tainting' Bankman-Fried's Panel, Defense Says

[Sep 29, 2023 7:14 PM] Sam Bankman-Fried's attorneys objected to some of the U.S. Department of Justice's proposed voir dire questions in a late Friday filing, saying they may miss potential juror bias or otherwise lead to jurors making assumptions about the case.

We Asked New Yorkers if They’d Heard of Sam Bankman-Fried

[Sep 29, 2023 4:00 AM] To some, Sam Bankman-Fried’s impending trial is one of the biggest stories in recent news, but to many New Yorkers, the name does not strike a chord.

Sam Bankman-Fried Almost Tweeted About His Depression, Drafts Show

[Sep 29, 2023 4:00 AM] FTX founder Sam Bankman-Fried has a right to shape the narrative around him, his lawyers argued during a court hearing last month. Unposted tweets obtained by CoinDesk suggest he may have been trying to craft a new image for himself since as soon…

Here's the Sam Bankman-Fried Trial Schedule

[Sep 28, 2023 2:08 PM] Sam Bankman-Fried's trial is scheduled to start on Oct. 3, but the actual opening arguments are projected to begin a day later, a newly released court trial calendar shows.

U.S. Department of Justice Opposes Sam Bankman-Fried's Latest Move for 'Temporary Release'

[Sep 27, 2023 2:25 PM] The U.S. Department of Justice said in a Wednesday court filing that Sam Bankman-Fried's latest move for a temporary release – even with severe restrictions – should be denied.

Sam Bankman-Fried Can Use an 'Air-Gapped' Laptop in Court, Judge Rules

[Sep 27, 2023 12:25 PM] A federal judge signed off on a defense request to allow FTX founder Sam Bankman-Fried to use an "air-gapped" laptop while in court during his trial next month.

Sam Bankman-Fried Can Grill Former FTX Insiders on Drug Use in Court

[Sep 27, 2023 4:00 AM] While Bankman-Fried's lawyers tried again to get him out of jail just days ahead of his trial, the judge overseeing the case inched closer to resolving some outstanding issues.

Sam Bankman-Fried Can Ask DOJ Witnesses About Drug Use

[Sep 26, 2023 12:47 PM] Judge Lewis Kaplan, who's overseeing Sam Bankman-Fried's upcoming trial, set guardrails for certain witness questions and testimony.

Sam Bankman-Fried Refiles for Temporary Release Ahead of Trial

[Sep 26, 2023 2:05 AM] The jailed founder of collapsed cryptocurrency exchange FTX, has renewed his request to be released temporarily during the course of his trial.

Client Demand and ‘Negative Events’ Pushing Tradfi Institutions Towards Crypto — Bitrue Chief Strategy Officer

[Sep 23, 2023 3:00 AM] Growing client demand for cryptocurrencies and the belief that they represent a new asset class help to explain traditional financial institutions’ newfound interest in digital assets, the chief strategy officer at Bitrue has said. The…

FTX Sues Former Employees of Hong Kong Affiliate, Seeks $157 Million

[Sep 22, 2023 2:00 AM] The bankrupt crypto exchange has sued former employees of Salameda, a Hong Kong-incorporated affiliate, to recover about $157.3 million.

Sam Bankman-Fried Will Remain in Jail Through the Start of His Trial

[Sep 21, 2023 3:37 PM] An appeals court rejected his attorneys’ attempt to free him in the run-up to the trial.

Judge Blocks Sam Bankman-Fried's Proposed Witnesses From Testifying

[Sep 21, 2023 1:56 PM] Judge Lewis Kaplan, who's overseeing Sam Bankman-Fried's trial, granted the U.S. Department of Justice's motion to block all of the FTX founder's proposed witnesses from testifying at his trial next month.

Sam Bankman-Fried’s Empire Was Crushed by This Infamous Balance Sheet. Here’s More of the Story

[Sep 20, 2023 9:30 AM] The infamous balance sheet of Sam Bankman-Fried’s trading firm, Alameda Research, served as the basis for a Nov. 2, 2022, story by CoinDesk’s Ian Allison. The article raised questions about how sturdy the company’s financial underpinnings were –�

Stanford University Will Return 'Gifts' Donated by FTX: Report

[Sep 19, 2023 11:15 PM] Stanford University will be returning "gifts" it received from FTX, allegedly orchestrated by Sam Bankman-Fried's parents, according to a Bloomberg report.

Sam Bankman-Fried’s Dad Thought His Son Wasn’t Paying Him Enough, So He Got Mom Involved

[Sep 19, 2023 11:08 AM] The alleged dispute over Joe Bankman’s $200,000 FTX salary versus his desired $1 million points to an unusual family dynamic at the former cryptocurrency colossus.

FTX Bankruptcy Estate Sues Sam Bankman-Fried's Parents, Joseph and Barbara, to Claw Back 'Misappropriated Funds'

[Sep 18, 2023 10:55 PM] Allan Joseph Bankman and Barabara Fried, the parents of Sam Bankman-Fried, have been sued by the FTX bankruptcy estate.

FTX’s Crypto Liquidation Sales Unlikely to Cause Market Shock: Coinbase

[Sep 18, 2023 2:32 AM] The sale of tokens won’t flood the market because liquidations are bound by sell limits, the report said.

Judge Allows Bankrupt FTX to Sell Its Crypto Holdings, Including BTC and SOL

[Sep 13, 2023 11:41 AM] Crypto exchange FTX can sell and invest its crypto holdings to pay back creditors, a judge in the U.S. Bankruptcy Court for the District of Delaware ruled Wednesday.

Judge Denies Sam Bankman-Fried's Bid for Release From Jail Ahead of Trial

[Sep 12, 2023 2:58 PM] A federal judge refused Sam Bankman-Fried's bid to be released from jail ahead of trial on Tuesday.

DOJ 'Overreaching' in Trying to Block Sam Bankman-Fried's Proposed Witnesses, Defense Says

[Sep 11, 2023 9:41 PM] Prosecutors with the U.S. Department of Justice are trying to limit FTX founder Sam Bankman-Fried's right to a fair trial by moving to block all of his proposed expert witnesses, defense attorneys said. The DOJ, for its part, said the defense…

Sam Bankman-Fried, DOJ Propose Jury Questions Ahead of October Trial

[Sep 11, 2023 7:21 PM] Attorneys for FTX founder Sam Bankman-Fried and the U.S. Department of Justice filed their proposed jury instructions and

Nigerian Web3 Startup Nestcoin Secures $1.9 million in Funding

[Sep 11, 2023 5:30 AM] The Nigerian Web3 startup Nestcoin has reportedly secured a total of $1.9 million in funding from both existing and new investors. The capital raised will be used to bolster Nestcoin’s finances and further develop the startup’s…

DOJ Claims About Sam Bankman-Fried's Laptop Access Are 'Inaccurate', Defense Alleges

[Sep 8, 2023 7:49 PM]

Ex-FTX Executive Ryan Salame Could Forfeit $1.5B as Part of Guilty Plea

[Sep 7, 2023 1:17 PM] Prosecutors say Sam Bankman-Fried used Salame as a “straw donor” to secretly funnel millions of dollars to Republican political candidates.

Sam Bankman-Fried's Laptop Has a New Battery Now, DOJ Says

[Sep 5, 2023 5:20 PM] Prosecutors filed a letter Tuesday detailing the amount of access FTX founder Sam Bankman-Fried has to materials he may use in his defense.

Larry David’s Superbowl Ad Casts Doubt on FTX.US Separation, DOJ Says

[Sep 4, 2023 3:19 AM] Sam Bankman-Fried says the FTX exchange’s bankruptcy isn’t relevant to the October fraud trial

The Great Shift to Self-Custody: 800,000 BTC Worth Over $20 Billion Pulled From Exchanges in 3 Years

[Sep 3, 2023 8:00 AM] Over the past three years, there’s been a notable movement in bitcoin holdings. Since September 1, 2020, a whopping 804,000 bitcoin, equivalent to $20.79 billion, has been pulled from centralized exchanges. Notably, 184,000 BTC of that sum…