[Oct 18, 2023 4:00 AM] All three of Sam Bankman-Fried’s “inner circle” members have now testified against the FTX founder, and all three have presented similarly on the witness stand: clearly rehearsed, adamant that the FTX founder was in charge and careful not to stray
[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.
[Oct 17, 2023 12:00 PM] According to Google Trends statistics, Sam Bankman-Fried’s search popularity surged just before his trial, maintaining an upward trend. Yet, it hasn’t matched the peak seen during FTX’s November 2022 collapse and his arrest that…
[Oct 17, 2023 11:04 AM] Sam Bankman-Fried’s defense team cross-examined former FTX engineering director Nishad Singh following questions from the prosecution on Oct. 16.
[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.
[Oct 17, 2023 7:30 AM] Paradigm, BlockFi, Genesis and other companies did not have access to audited financial statements prior to investing or loaning billions to FTX, FTX.US. and Alameda Research, according to testimonies given in the trial of Sam Bankman-Fried…
[Oct 17, 2023 4:00 AM] Nishad Singh told a jury on Monday that his September meeting with Bankman-Fired was the first time he realized that Alameda, FTX’s sister trading firm, had spent billions of dollars of FTX user deposits, and had left a gaping hole in both…
[Oct 16, 2023 11:30 PM] Attorneys for FTX founder Sam Bankman-Fried say he’s having trouble focusing during his criminal trial because he’s not getting his prescribed dose of Adderall each day. In a letter to the judge Sunday, lawyers said Bankman-Fried has…
[Oct 16, 2023 4:30 PM] Nishad Singh, former director of engineering at FTX, testified this week against his former boss Sam Bankman-Fried, detailing a software bug that hid billions in missing funds and excessive spending on celebrities and real estate. Singh Points…
[Oct 16, 2023 3:19 PM] Nishad Singh's testimony was seemingly part of prosecutors' strategy to establish Sam Bankman-Fried had been behind Alameda Research using FTX user funds.
[Oct 16, 2023 9:49 AM] The former FTX engineering director reportedly testified that SBF would "unilaterally spend Alameda's money” and was “ultimately” in charge of the firm rather than Caroline Ellison.
[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.
[Oct 16, 2023 4:00 AM] A filing last week suggests Sam Bankman-Fried's defense wants to get back to the argument that Bankman-Fried did not technically commit wire fraud because FTX’s terms of service were worded in such a way that there's no case to argue funds were…
[Oct 15, 2023 7:36 PM] Lawyers for the FTX founder have asked if he can take long-release ADHD medication as he’s been unable to properly concentrate during his trial.
[Oct 15, 2023 10:00 AM] According to Bloomberg, the media firm plans to release an eye-opening documentary on Sam Bankman-Fried and the shocking downfall of his once-prominent exchange FTX. The film, “Ruin: Money, Ego and Deception at FTX,” is slated for an October 26…
[Oct 14, 2023 1:30 PM] Blockfi CEO Zac Prince testified Friday that the downfall of FTX contributed to his company’s bankruptcy. Prince appeared as a government witness in the fraud trial of former FTX boss Sam Bankman-Fried (SBF). Blockfi’s Prince: Loans…
[Oct 13, 2023 3:45 PM] Former Alameda CEO Caroline Ellison recognized she wasn't doing a good job months before the company filed for bankruptcy, but Sam Bankman-Fried persuaded her to stay.
[Oct 13, 2023 11:25 AM] Lawyers petitioned the court to allow them to question witnesses for the prosecution based on FTX’s terms of service, as well as preclude testimony from “lay fact witnesses”.
[Oct 13, 2023 5:11 AM] Among many critical revelations about Alameda and FTX’s relationship, Caroline Ellison confirmed that Alameda always had access to customers’ funds at FTX.
[Oct 12, 2023 3:00 PM] The former Alameda Research CEO placed part of the blame for FTX’s failure on CZ, while the Binance CEO claimed Ellison’s offer to buy the firm’s FTT holdings was the cause.
[Oct 12, 2023 2:00 PM] In a recent courtroom showdown, Caroline Ellison, the former CEO of Alameda Research, provided key insights into the operations of FTX and its alleged improprieties. Her revelations, documented by Inner City Press correspondent Matthew Russell Lee…
[Oct 12, 2023 10:30 AM] “People want an authority to tell them how to value things, but they choose this authority not based on facts or results –– they choose it because it seems authoritative or familiar.” -Michael Lewis, The Big Short.Renowned author Michael Lewi
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