4 / 10 Relevant items tagged with #FtxCollapse

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'Oh, Yes': Accounting Prof Says Sam Bankman-Fried’s FTX Definitely Mishandled Customers' Money

[Oct 18, 2023 9:15 AM] Former FTX lobbyist Eliora Katz appeared to mostly be on the stand to allow prosecutors to bring attention to Bankman-Fried's tweets and House testimony, and how they differed from the secret reality that led to the crypto exchange's demise.

SBF Dined With Eric Adams at NYC Mayor’s Go-To Italian Restaurant

[Oct 17, 2023 4:32 PM] The erstwhile crypto titan and avowed vegan was also scheduled to meet Empire State Gov. Kathy Hochul at The Capital Grille steakhouse, according to FBI trial testimony.

SBF Trial: For Once, Bankman-Fried's Lawyer Lands a Punch

[Oct 17, 2023 9:41 AM] Sam Bankman-Fried's former colleague, Nishad Singh, will have to answer questions from the FTX founder's lawyer about the last few years of the exchange's operations.

How African Students Became Victims of FTX’s Collapse

[Oct 17, 2023 7:31 AM] “We saw an exchange that was supposedly better than every other one we had used, so we let a lot of family and friends get involved with the FTX platform,” FTX Africa’s former education lead Pius Okedinachi told CoinDesk.

Former Top FTX Executive Testifies He Knew $8B of Customer Money Was Missing

[Oct 16, 2023 8:32 AM] Nishad Singh, the latest member of Sam Bankman-Fried’s inner circle to testify, said his admiration for SBF turned to “shame” on discovering FTX execs enriched themselves with customer funds.

Sam Bankman-Fried May Testify at Trial, Defense Says. First, He Needs His ADHD Meds

[Oct 15, 2023 9:30 PM]

BlockFi CEO’s Key Testimony: Insights Into Alameda’s Financial Stability In FTX Trial

[Oct 13, 2023 8:00 PM] The trial against FTX co-founder Sam Bankman-Fried took an intriguing turn as Zac Prince, the CEO of defunct crypto lender BlockFi, provided testimony in a Manhattan federal courtroom.  Prince’s appearance provided valuable insights into the…

SBF Trial: Crypto Lender BlockFi Believed Alameda Was Solvent Given Balance Sheet It Was Shown, CEO Testifies

[Oct 13, 2023 11:29 AM] BlockFi lost “a little over a billion dollars” due to its involvement with FTX and Alameda Research, Zac Prince said.

SBF Trial: Defense Counsel Signals Plan to Blame Caroline Ellison for FTX Collapse

[Oct 12, 2023 7:37 AM] Former Alameda Research CEO Caroline Ellison faces Sam Bankman-Fried attorney Mark Cohen as she begins her third day of testimony.

Caroline Ellison on FTX’s Final Days: ‘I Felt Relief I Didn't Have to Lie Anymore’

[Oct 11, 2023 7:42 AM] Former Alameda Research CEO Caroline Ellison retook the stand on Wednesday after testifying that her former boss and boyfriend, Sam Bankman-Fried, had directed many of FTX’s now-public missteps.

SBF's Lawyers Want to Ask Caroline Ellison About FTX's Anthropic AI Stake

[Oct 10, 2023 7:04 PM] Sam Bankman-Fried's attorneys asked Judge Lewis Kaplan, who's overseeing the case, to grant them permission to ask former Alameda Research CEO Caroline Ellison about whether she deleted Signal messages at FTX lawyers' advice and what Anthropic AI's…

Key Points From the Sam Bankman-Fried Trial's First Week

[Oct 10, 2023 7:30 AM] 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.

Bankman-Fried Seeks to Probe Lawyers’ Involvement in $200M ‘Sham’ Alameda Loans

[Oct 10, 2023 1:36 AM] The defendant in a multi-billion fraud trial is pressing to blame legal advice, despite judicial reluctance to let him.

What to Expect When Caroline Ellison Takes Stand in Sam Bankman-Fried's Trial

[Oct 9, 2023 2:56 PM]

DOJ Wants to Block Sam Bankman-Fried From Bringing Up Anthropic AI Raise in Court

[Oct 8, 2023 9:30 PM] The U.S Department of Justice wants the judge overseeing its case against Sam Bankman-Fried to block the defense team from introducing any evidence that his stake in artificial intelligence company Anthropic will benefit FTX creditors after the…

Former Alameda Research CEO Caroline Ellison to Testify Tuesday in Sam Bankman-Fried Trial

[Oct 6, 2023 9:26 AM] Gary Wang, a former top lieutenant in Bankman-Fried’s empire, testified that Alameda had “special privileges” at FTX that allowed the hedge fund to spend $8 billion of exchange customers’ money.

Sam Bankman-Fried, Other FTX Execs Committed Financial Crimes, Co-Founder Wang Testifies

[Oct 5, 2023 9:59 AM] Gary Wang, the former chief technology officer and co-founder of FTX, told a jury that he, Bankman-Fried and fellow former executives Caroline Ellison and Nishad Singh committed multiple forms of fraud.

FTX Employees Knew About the Backdoor to Alameda Months Before Collapse: WSJ

[Oct 5, 2023 5:10 AM] The employees flagged their discovery to one of FTX's director of engineering Nishad Singh but the problem never got fixed.

Alameda Was ‘Business as Usual’ Before Collapse: Ex-Engineer

[Oct 4, 2023 1:14 PM] Security and risk checks were “poor” at the company, but the implosion of the trading firm came as a surprise to insiders.

Sam Bankman-Fried ‘Lied,’ DOJ Tells Jury; Defense Tries to Pin FTX Collapse on Caroline Ellison

[Oct 4, 2023 12:05 PM] "He poured money — other people's money — into investments to make himself even richer," the prosecutor said in opening arguments.

Sam Bankman-Fried Now Has a Jury

[Oct 4, 2023 9:34 AM] A federal judge has chosen the 12 people who will decide whether FTX founder Sam Bankman-Fried violated fraud and other laws in running his once-mighty crypto exchange.

Lack of U.S. Crypto Laws Irrelevant to Bankman-Fried Allegations, DOJ Says

[Oct 4, 2023 1:36 AM] The FTX founder’s fraud trial began selecting a jury Tuesday as lawyers spar about what evidence its members can see.

Jump Trading Lost Almost $300M in FTX’s Collapse, Michael Lewis Says in ‘Going Infinite’

[Oct 3, 2023 12:52 PM] This makes the trading giant one of FTX’s top creditors, Lewis wrote, citing documents from the crypto exchange’s former chief operating officer, Constance Wang.

Sam Bankman-Fried Sues His Insurer as Legal Bills Mount

[Oct 3, 2023 10:19 AM] The FTX founder is protesting CNA’s insurance policy as his legal woes cost him serious money.

Coinbase’s Legal Expert Outlines What To Expect In FTX’s Sam Bankman-Fried Jury Selection

[Oct 3, 2023 9:00 AM] Coinbase’s Chief Legal Officer (CLO) Paul Grewal has weighed in on what to expect in the jury selection in the trial of the former CEO of the defunct crypto exchange FTX, Sam Bankman-Fried (SBF), which is set to take place on October 3. …

Bankman-Fried Seeks to Block Prosecutors Calling FTX Investors, Former Insiders as Witnesses

[Oct 3, 2023 3:28 AM] Lawyers are still quibbling over what evidence can be brought to the FTX founder’s fraud trial, hours before jury selection is due to start.

Sam Bankman-Fried's Defense Asks for Clarity on Charity, Bankruptcy Arguments

[Oct 2, 2023 3:05 PM] Attorneys for FTX founder Sam Bankman-Fried asked the judge overseeing the case to clarify his orders around certain proposed arguments, including arguments about FTX's regulated jurisdictions, bankruptcy recoveries and his charitable work.

Sam Bankman-Fried’s Closest Friends Will Testify Against Him. Here’s Who Else We’ll Hear From

[Oct 2, 2023 11:47 AM] 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…

Sam Bankman-Fried Saw Missing FTX Billions as ‘Rounding Error,’ Biographer Says

[Oct 2, 2023 2:49 AM] Michael Lewis revealed management failings at crypto exchange FTX, and a billion-dollar plan to keep Trump out of office in an interview with CBS.

FTX 'Hacker' Moved 15K ETH This Weekend

[Oct 2, 2023 1:47 AM] More than 15,000 ether (ETH) worth close to $26 million left a wallet associated with last year's attack on FTX this weekend.